According to the company’s announcement, Hajra will be taking over from interim Trevor Giles who was appointed Interim CFO in February and will be returning to his role as Group Executive of Business Development at the end of October.
“The Board would like to express its appreciation for the professionalism and personal commitment of Trevor Giles, who agreed to take on the role of Interim Chief Financial Officer, during the recruitment process,” stated the company
Hajra holds BCom (Honours) and CA (SA) qualifications and is a seasoned finance executive with an established record of strategic, financial and operational experience across multiple geographies.
“The Audit Committee is satisfied with the expertise and experience of Ms Karrim to be appointed in this role and look forward to her contribution,” highlighted the company.
The producer of canned pilchards under the Lucky Star label delivered a resilient operating performance for the six months ended 31 March 2020 despite the difficult trading conditions in the latter quarter reporting a 2% increase in revenue to R3.62b (US$210m) from R3.55b (US$205.95m) recorded during the same period last year.
The group attributed the rise in revenue to increased African operations’ revenue of 3% mainly attributable to improved canned fish, fish oil and horse mackerel pricing, increased cold storage occupancy levels and the favorable impact of the weaker Rand on export revenues.
Revenue from the companies USA operations, Daybrook, declined 4% due to lower fish oil sales volumes following lower prior year catches and oil yields, partially negated by firmer global fish oil pricing and the favourable US Dollar exchange rate.