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Felix Ratheb to take over one of South Africa’s largest hake companies

Felix Ratheb to take over one of South Africa’s largest hake companies

Sea Harvest Corporation (Pty) Limited announced today that Felix Ratheb, the current Sales and Marketing Director will succeed George Bezuidenhout as CEO, effective 1 January 2014.

Sea Harvest catches, processes and markets over 40,000 tons of Cape Hake both locally and internationally. Sea Harvest is currently a leading food retail brand in South Africa with a very strong foothold in foodservice. A big portion of the catch is sold internationally with a global customer base.

Ratheb will take over the day-to-day running of operations in October, succeeding George Bezuidenhout. Bezuidenhout has decided to take an early retirement after being with Sea Harvest for 20 years. He has guided the company through trying times including the first phase of a leveraged buy-out. During the transition period, Bezuidenhout will work with Ratheb until the end of December after which he plans to play golf and spend time with his family.

Ratheb has an Electrical Engineering degree from Wits University and an MBA from the University of Cape Town. He has worked at Sea Harvest for over 10 years, where he started as a Commercial Manager working very closely with the fleet and factory operations. He then moved on to take over all the Sales, Marketing and Commercial activities of the Company which he has been doing for the past seven years. Additionally, he was an Executive Director on the board. He is happily married with four young children.

Fred Robertson, Executive Chairman of Brimstone Investment Corporation Limited noted: “Felix Ratheb was a key member of the initial management team who participated in the buy-out of Sea Harvest from Tiger Brands. His performance to date has been exemplary. When George Bezuidenhout decided to hand over the baton to Felix Ratheb, the entire Board was 100% behind the appointment. We wish him the best of luck in his new role”.

JSE-listed Brimstone Investment Corporation Limited and Kagiso Tiso Holdings (Pty) Ltd, own 85% of the Sea Harvest.

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