He will be based out of Pacific Seafood’s corporate headquarters in Clackamas, Ore.

In late November, Charlotte, N.C.-based Poseidon shut down its seafood operation, laying off an estimated 200 workers. The company blamed the poor U.S. economy for its downfall.

“We look forward to the contributions Rich will bring to the organization as we continue our commitment to the stewardship of sustainable resources and responsible management practices,” Frank Dulcich, Pacific's president and CEO, said Friday.

LaVecchia started Poseidon Seafood in 1986, growing it to an $80 million (€61.8