Imraan Soomra appointed CEO of Oceana Group

Soomra, the company's CFO, has been interim CEO since February this year.

Africa’s biggest fishing company, Oceana Group, has appointed its CFO, Imraan Soomra, as permanent CEO. Imraan, who won the 2015 Transformation & Empowerment Award, took on the role of interim CEO in February this year, following Francois Kuttel’s unexpected resignation.

Trevor Giles, a chartered accountant who has been in Oceana Group’s employ for 19 years, has been appointed interim group finance chief.

Earlier this year, Oceana posted a solid set of results for the six months ended March 2018. Headline earnings for the period increased by 60 percent, compared to the prior period, and the company declared an interim dividend of 112 cents per share. Imraan was happy to see the firm turn the corner after a troubled 2017. He said:

“Our performance during this six months was underpinned by a recovery of our African operations. Materially higher canned fish volumes, improved SA horse mackerel landings, better hake vessel utilisation and improved exchange rates for our frozen fish procurement were positives during the period.”