Decker to succeed Demone as High Liner Foods CEO
Keith Decker, president and COO of High Liner Foods, will become the Canadian seafood supplier’s CEO once current chief Henry Demone steps down from his post, a move expected to become official today.
Demone said succession planning discussions began in September 2013; he will assume the role of chairman of the company’s board of directors.
"Succession planning has been a top priority for High Liner Foods over the last several years,” said David Hennigar, chairman of the board. “Keith’s appointment to president and CEO follows a number of recent changes at the executive level of the company as part of our succession plans to ensure continued strong leadership into the future.”
Hennigar will continue to serve on the board in the new position of lead director and vice chairman; Decker will also join the board. These executive and board appointments will be effective following the conclusion of the company's upcoming annual general meeting today.
Prior to assuming president and COO duties for High Liner Foods, Decker was president and COO of U.S. operations. Before joining the company in 2007 as part of the FPI acquisition, Decker served as FPI’s director of commodity sales, VP-sales, executive VP-sales and marketing and president and COO.
For the first quarter of 2015, the Lunenburg, Nova Scotia-based company reported a 13.4 percent increase to adjusted net income; Q1 sales increased 2.5 percent to USD 310.2 million (EUR 275.6 million). For the company's full Q1 financial results, click here.