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Alliance Tuna Chairman Quits

The registrarion of listed Alliance Tuna International, Inc.’s chairman was unlikely to affect the management of the company, its top official said last week.
In a telephone interview, Alliance Tuna President and Chief Executive Officer Jonathan Y. Dee said the company’s chairman, Suriya Lapsivutisin, had resigned since he did not have enough time to attend board meetings.

“He has too many things on his plate... he was guilty that he could not give enough time for the company,” Mr. Dee said, adding that Mr. Suriya, who was Alliance Tuna chairman for three years, would stay on as a company director.

Mr. Dee said Mr. Suriya’s resignation from his post would have little effect on the tuna company since he had not been active in management.

He said Alliance Tuna Vice-Chairman Alvin Y. Dee would temporarily act as company chairman until the board convenes in March to elect Mr.Suriya’s replacement.

The homegrown tuna company earlier said its was looking at diversifying into other food products as part of its long-term growth plans.

Alliance Tuna noted that while tuna would remain its core business, it was looking at other nonseafood products that will improve the company’s equity per share. It has bought a controlling stake in a New Zealand-based salmon processing company, its first stride to go outside its tuna business as it tries to capture a huge market in the Oceania region. It will pay Prime Foods New Zealand NZ$1.3 million (about P37 million) for its 50% plus one share in the salmon processor.