The Kingfish Company has confirmed to SeafoodSource it changed chief financial officers in advance of its listing on the Oslo Stock Exchange’s Merkur Market, now known as the Euronext Growth exchange, late last year.
The Kats, the Netherlands-based yellowtail kingfish farming company chose its general manager and head of sales and operations, Christo du Plessis, to replace Itay Young, who had served as CFO and head of business development at The Kingfish Company starting in May 2018, according to his LinkedIn profile.
The change went into effect on 1 November, 2020, in advance of a private placement of EUR 50 million (USD 42 million) that concluded on 11 November and its admission onto the Euronext Growth market on 25 November.
The change was made in preparation for the IPO, Kingfish Company CEO Ohad Maiman told SeafoodSource.
Du Plessis is currently listed as serving as CFO in an acting basis on the company’s website. He joined Kingfish in January 2019 as head of sales and operations and was promoted to general manager of operations at the end of 2019. He currently serves as a member of the company’s management board. Prior to joining The Kingfish Company, du Plessis worked as CFO of Klein Karoo Europe, an agricultural holding company and, previous to that, as CFO and later CEO of Abagold Limited, the largest land-based aquaculture operation in Southern Africa.
Prior to joining The Kingfish Company, Young had served as associate director of investment banking at HSBC Global Banking and Markets, according to his LinkedIn profile.
On 8 February, The Kingfish Company released its first financial update since its public listing. It reported its expansion efforts at its Netherlands and Maine, U.S.A. farm sites were “advancing as planned.”
Photo courtesy of The Kingfish Company
