Fresh produce company Costa Group (ASX: CGC) has sourced from within for new leadership next year when longstanding CEO Harry Debney steps down after 10 years at the helm.
Current COO Sean Hallahan (pictured) will take on the chief executive officer and managing director roles from 31 March 2021.
Chairman Neil Chatfield said Hallahan's appointment was the culmination of a rigorous global executive recruitment search including both internal and external candidates.
Chatfield explained Hallahan started in the role in October 2017, and management is delighted to have a person of his calibre and experience with a deep passion for the industry.
In addition, Chatfield highlighted the executive's 20 years of senior management and CEO experience in fast-moving consumer goods (FMCG), including a background with growth oriented organisations with an emphasis on delivering high quality product categories with strong customer focus.
Hallahan will start on a fixed remuneration of $850,000 per annum plus incentives.
The recent 2020 Chief Executive Women (CEW) ASX200 Senior Executive Census noted Costa Group was among the ASX 200 companies that lacked female representation in executive leadership team (ELT) roles.
The group does however have two women in independent non-executive positions.Never miss a news update, subscribe here. Follow us on Facebook, LinkedIn, Instagram and Twitter.
Business News Australia