Listed seafood processor Alliance Select Foods International said it has shuffled its top management and welcomed Raymond See as its new president and chief executive officer (CEO).
See has been an executive at Pilipinas Shell Petroleum Corp. for the past 24 years.
See replaced Alliance Select’s founder Jonathan Dee, who will now serve as chairman of the board, the company said in a statement emailed to reporters on Tuesday.
“I am confident our new president, Raymond See, brings with him the experience and knowhow to build on past successes of the company and catapult Alliance Select to even greater heights,” Dee said.
The company’s former chairman, George Sycip, will serve as vice chairman in place of Alvin Dee, and continue his post as an independent director.
Alvin Dee and Ibarra Malonzo, both directors of Alliance Select, will now step down and be replaced by See and Antonio Pacis as new directors of the board. Dee will continue to advise the company as a shareholder.
The new president and CEO will be assisted by fellow Shell career executive Lisa Dejadina, who was named senior vice president for business development and operational excellence.
Meanwhile, company treasurer Joanna Dee-Laurel, along with chief operating officer Teresita Ladanga, announced their retirement.
“With these changes I think the company is prepared and better poised to address greater international competition. As chairman, I will be focusing on overseeing the strategic direction of the company. This will include deepening market relations and forging further alliances with potential partners,” Jonathan Dee said.
“I know these developments may raise questions as to whether it is related in any way to the recent disagreements between certain board members. That is farthest from the truth and the timing is nothing more than coincidental,” he added.
For the first nine months of the year, the company’s net losses widened to P733,903 from P239,259 recorded the same time last year on higher operating expenses despite increased revenues.
Formerly Alliance Tuna International Inc., Alliance Select was incorporated in 2003 as a seafood processor, exporting canned seafood products to Europe, North America, Asia, Africa and South America. Its products include institutional and retail packed canned tuna, smoked salmon, salmon by-products and fishmeal that contains tuna loins and other fish parts.