The Icelandic-based company Marel has appointed Sebastiaan Boelen as its new CFO, after Stacey Katz's resignation, who has been in the role for almost 10 years.
Boelen has experience in the industrials, food and beverage, and technology sector. Most recently, he was Group CFO at Southern Water for four years. Previously, he held CFO and senior financial roles at Arrow Global, SPI Group, and Black & Decker, amongst others.
On the other hand, Katz will remain available in an advisory capacity at Marel until the end of the financial year "to ensure a smooth transition to the experienced finance team and continued delivery of its strategy," the company explained.
Finally, Arni Sigurdsson, Chief Executive Officer of Marel, highlighted the importance of this new appointment: "Sebastiaan brings global experience which will greatly benefit Marel as we continue delivering on our strategy, executing against our medium-term targets, and unlocking our significant potential."
"On behalf of all Marel, I would like to thank Stacey for her valuable contribution and dedication over her many years with the business, in particular during a challenging environment over the last couple of years. We wish her success in her future endeavors," he added.
Marel supports the production of high-quality, safe, and affordable food by providing software, services, systems, and solutions to the fish, meat, and poultry processing industries.
It began as an innovator in onboard weighing technology for the Icelandic fish industry, and strategic acquisitions over the years have extended its history and experience back in time, to decades before the company’s foundation in 1983.