Report
Martijn Den Drijver

MAREL HF : CFO departure signals board pushes ahead to close negotiations with JBT

>CFO change signals Board forging ahead - MAREL has appointed a new CFO, Mr. Sebastiaan Boelen, with immediate effect. The current CFO, Mrs. Stacey Katz, who had only been in that position for two years, will leave with immediate effect as well although Mrs. Katz will remain an advisor until the end of 2023 to ‘ensure a smooth transition’. This development, albeit not unexpected, signals that the board wants to push ahead with the JBT transaction, regardless of what ...
Underlying
Marel hf.

Marel hf is an Iceland-based holding company active within the food industry. It is primarily engaged in providing equipment, systems and services for the poultry, meat and fish processing industry. The Company activities are divided into following segments: Poultry, including processing systems for broilers, turkeys and ducks; Fish, providing equipment and system for processing whitefish an salmon; Meat, including systems and services to the red meat industry, such as deboning and trimming, case ready and bacon processing; Further Processing, including portioning and forming, marinating, coating, frying, cooking and sausage making; and More Foods, including systems and services to processing such foods as vegetables, fruit and cheese. The Company's distribution network includes sales and service units in over 30 countries. The Company operates Sulmaq Industrial e Comercial SA as subsidiary.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Martijn Den Drijver

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