TUF Appoints Group Chief Financial Officer

Bangkok, 5 March 2014: Thai Union Frozen Products Public Company Limited (TUF), world's leading processor and exporter of canned and frozen seafood products, has announced the appointment of Mr. Joerg Ayrle to the position of Group Chief Financial Officer, effective 3rd March 2014. He will report directly to the company's Global President and CEO, Mr. Thiraphong Chansiri.

Mr. Ayrle brings in depth financial experience in key functions including accounting, treasury, mergers, acquisitions and post-merger integration. Prior to joining TUF, he enjoyed a long tenure with German conglomerate - SIEMENS group and worked across multiple business units and geographies including Germany, Singapore, China and the United States.

Aside from his expertise and passion for key financial disciplines, Mr. Ayrle is also a seasoned strategic business partner to senior executives and has spearheaded several critical business turnaround projects that have helped improve company performance.

His most recent position was as Chief Financial Officer and Treasurer at Osram Sylvania, a US subsidiary of SIEMENS. Prior to this role, he served as the Managing Director of Corporate Finance Mergers and Acquisitions Asia based in Beijing. He has held a number of other senior executive roles within SIEMENS in China and Germany.

Mr. Ayrle holds an MBA from the University of Augsburg, Germany.

According to Mr. Chansiri, Mr Ayrle's appointment is a strategic move for the Thai-based company that is rapidly expanding globally.

"As we look to our next growth phase which encompasses domestic and international opportunities, it was pertinent for us to appoint an individual with clear understanding of a business that is operating and developing worldwide. Mr. Ayrle's international experience coupled with his market experience in Asia is the perfect fit for that key requirement of our business.

"On behalf of the board and our employees, we welcome Mr. Ayrle into the Thai Union Group and look forward to working with him during this exciting time." said Mr. Chansiri.

Photo caption 
Mr. Joerg Ayrle, the newly-appointed Group Chief Financial Officer of TUF, the world's seafood expert.