Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Alliance hires former Fletcher exec Surveyor as new CEO

Alliance hires former Fletcher exec Surveyor to head up meat group

By Paul McBeth

Dec. 5 (BusinessDesk) - Alliance Group, the world's largest processor and exporter of sheepmeat, has hired former Fletcher Building executive David Surveyor to head up the meat processor from next year.

The Invercargill-based, farmer owned cooperative today said Surveyor will join the company as chief executive from January, replacing Grant Cuff, who said in July he was stepping down. Surveyor is currently executive general manager of Fletcher subsidiary Laminex, having previously worked for BHP and Bluescope Steel.

"It is a privilege to be leading the business into its next phase," Surveyor said in a statement. "I aim to build on what has already been achieved to further improve the Alliance Group's performance and returns to the company's shareholder suppliers."

Alliance last month reported an 11 percent increase in annual profit to $6.2 million on revenue of $1.46 billion as it benefited from buoyant consumer confidence, the gradual recovery of the global economy, growing demand for red meat products and improving market prices.

New Zealand meat companies abandoned efforts to consolidate and reduce surplus capacity last year because they lacked an agreed export strategy and farmers wouldn’t commit stock to firms that closed plants, according to people in the industry who were involved in the talks.

The country’s four biggest meat processors - farmer owned cooperatives Silver Fern Farms and Alliance, accounting for about half the industry, the Talley’s Group family-owned Affco and ANZCO Foods, with a majority ownership held by a Japanese food company - ended talks after failing to reach agreement last year.

Silver Fern Farms has since announced a capital structure review and may seek to raise as much as $100 million in new equity, while splitting its sheep, beef and venison processing operations into separate business units.

Alliance chairman Murray Taggart said Surveyor's strategic approach and ability to grow business in changing environments will aid the company as it strengthens its position both locally and abroad.

Melbourne-based Surveyor will move to Christchurch to take up the role, and work out of Alliance's Invercargill headquarters.

(BusinessDesk)

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 




REINZ May Data: House Price Rises Continue; Auckland Hits New Record Median Price Again

Median prices for residential property across New Zealand increased by 32.3% from $620,000 in May 2020 to $820,000 in May 2021, according to the latest data from the Real Estate Institute of New Zealand (REINZ), source of the most complete and accurate real estate data in New Zealand... More>>

Energy Resources Aotearoa: Doubling Of Coal Use Shows Need For Local Natural Gas

New figures showing a near doubling of coal-fired electricity generation highlight New Zealand’s energy shortage and the need for natural gas as a lower carbon alternative, according to Energy Resources Aotearoa... More>>


E Tu: ‘Sense Of Mourning’ As Norske Skog Mill Set To Close

Workers at Norske Skog’s Tasman Mill now know they’ll be losing their jobs in little over a month’s time.
On Wednesday afternoon, workers were told the mill will be stopping production from the end of June... More>>



Auction: 1.4 Million In Rare Vintage Watches, Gems, Jewels & Diamonds Go Under The Hammer At Webb’s

An auction event showcasing over 1.4 Million dollars in rare jewels, gems, diamonds and vintage watches is due to take place this Sunday by Auckland based auction house Webb’s... More>>

Catalist: NZ’s New SME Stock Exchange, Gets Licence To Go Public

New Zealand has a new stock exchange – designed specifically for small and medium-sized businesses (SMEs) to raise up to $20 million a year from the public.
Called Catalist, the exchange has already been successfully working the private investment sector.... More>>

E-Commerce: Over 40% Of Those Engaged In The Bitcoin Community Are Millennials

Bitcoin has emerged to be a popular topic among millennials with digital currency increasingly being viewed as a potential source of creating wealth through investments. The interest in bitcoin by millennials signals the role this age group plays in the possible realization of the digital currency’s mass adoption... More>>