MultiX appeals to a new administrator and CFO

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

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

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, relationship with the capital market at scale national and international and the development of the field of business intelligence.

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

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

Multi X saw its operating results and consolidated profit increase in the third quarter of 2021 thanks to strong sales in the United States and Brazil. Its operating income jumped 62.4% to $ 172 million (EUR 152 million) in the third quarter of 2021, from $ 106 million (EUR 94 million) in the third quarter of 2020. The total was also 14.5% higher. 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 was also up 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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