Canada’s Clearwater Seafood has announced Teresa Fortney, its chief financial officer and vice president, is to leave the company.
Fortney wants to pursue other opportunities closer to her family in Ontario.
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The seafood giant said it has already initiated a search for her replacement. Fortney will stay in position until an appointment is made to ensure a smooth transition.
Ian Smith, chief executive officer of Clearwater, said: “On behalf of the board of directors and Clearwater’s executive team, I want to thank Teresa for her many contributions to Clearwater over the last three years and her decision to stay on to help us ensure a smooth transition. We wish her all the best in her future endeavours.”
In November, Clearwater said it is looking to speed up its decision-making and become more agile through restructuring measures after recording what Smith described as a set of “disappointing” third-quarter results.
Its full-year 2018 results showed sales dipped to CAD592.2m (US$441.5m) from CAD621.0m in 2017. It made a loss, before tax, of CAD1.96m compared to a profit of CAD35,897 in 2017.
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By GlobalDataClearwater, founded in 1976, is one of North America’s largest vertically integrated seafood companies and the largest holder of shellfish licenses and quotas in Canada.
It sells its products – including scallops, lobster, clam, coldwater shrimp, langoustine, whelk, crab and groundfish – globally.
