As the long-running acquisition attempt of Australian salmon farmer Huon nears its conclusion, a new CEO has stepped up to the table to take the company forward under JBS's umbrella.
As founder and former CEO Peter Bender steps down to spend time with his family, Deputy CEO Philip Wiese has been appointed in his place, according to a job update on LinkedIn.
Deputy CEO at Huon for the last almost 11 years, Wiese was previously CFO at the Tasmanian producer for three years.
After months of uncertainty, on Wednesday the Federal Court of Australia approved Brazilian protein processing heavyweight JBS's acquisition of Huon.
Following the nod last week by the vast majority of Huon shareholders to move forward with two options for a buyout of Huon by JBS, the court approved the so-called Primary Scheme between Huon and Huon shareholders.
It is expected that an office copy of the court orders will be lodged with ASIC on Wednesday, and that trading in Huon's shares on the Australian Stock Exchange will be suspended from close of trading Wednesday.
Husband and wife team Peter and Frances Bender have been at the helm of the salmon producer since they founded the company in 1986. JBS plans to take control of the company Nov. 17, a JBS spokesperson told IntraFish.
