MultiX calls on a new administrator and chief financial officer

Puerto Montt, Chile-based salmon farmer Multi X – formerly known as Multiexport Foods – has appointed José Ramón Gutiérrez del Pedregal as the company’s director of administration and finance, effective February 2022, the company told securities regulator CMF.

Gutiérrez – who currently works as Multi X’s Head of Optimization, Innovation and Development, Head of Value Chain Optimization, Innovation Management and Analytics and the implementation of development projects – will replace the current administrative and financial director Gino Manríquez, who tendered his resignation “to face new professional challenges in the city of Santiago,” the company said.

Gutiérrez joined Multi X in January 2020 as Head of Financial Planning and Development, leading the company’s strategic and budget planning, project development assessment, capital market relationship at scale nationally and internationally and the development of the field of economic intelligence.

Before joining Multi X, he worked for 12 years in the financial sector, eight of them in New York, first at the stockbroker LarrainVial Corredora de Bolsa SA and then at Mitsui & Co. (USA), Inc.

The announcement marks the second management change in less than two months for Multi X. At the end of October, it was announced that the commercial director of Chilean salmon farmer Ventisqueros, Fernando Pérez Saavedra, would replace Ricardo Grunwald as commercial director. of the company.

Multi X saw its operating revenue and consolidated profit increase in the third quarter of 2021 due to strong sales in the United States and Brazil. Its operating profit jumped 62.4% to $172 million (€152 million) in the third quarter of 2021, from $106 million (€94 million) in the third quarter of 2020. total also increased by 14.5% compared to the second quarter of this year. .

The salmon farmer’s consolidated profit in the third quarter was $32 million (€28.4 million), compared to a loss of $40.7 million (€36.1 million) in the same quarter of last year. This total also represents an increase from the previous quarter, which recorded a profit of 29.6 million (26.2 million euros).

Photo courtesy of Multi X

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