Marel Food Systems'' Board of Directors has unanimously decided to ask the CEO of Stork Food Systems, Theo Hoen, to lead the united companies as CEO.
Stork Food Systems was acquired by Marel Food Systems last year.
Theo Hoen has an excellent track record as CEO of Stork Food Systems from 2001 to date and has close to 25 years of experience in the industry, having previously served as head of R&D and production. Under his leadership, Stork Food Systems has become the global market leader in serving the poultry processing industry and has at the same time delivered strong operational results, with a profit from operations (EBIT) of 10-12%.
Sigsteinn Grétarsson, Managing Director of Marel ehf., will join Theo Hoen and CFO, Erik Kaman, as a member of the Management Board. Since April last year, Mr Grétarsson successfully led the full merger of Marel and Scanvaegt. He first joined Marel in 1997 as a sales manager, became Managing Director of Marel's operation in Australia for four years and later headed Business Development during the acquisition period of Marel.
Hörður Arnarson has decided to step down after having served the company as CEO for the past 10 years. Mr Arnarson has been with Marel since 1985, previously serving as head of R&D and production. Lárus Ásgeirsson, Director of Sales, who joined Marel in 1987, has also decided to step down.
