29/11/2019 - 11:56

Clement to lead Vysarn

29/11/2019 - 11:56

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Vysarn has appointed former AFL player and Sea Harvest managing director James Clement to lead the company next year, three weeks after he was added to the Fremantle Dockers board of directors.

James Clement has served as CEO of Sea Harvest (formerly Mareterram) for nearly two years.

Vysarn has appointed former AFL player and Sea Harvest managing director James Clement to lead the company next year, three weeks after he was added to the Fremantle Dockers board of directors.

Mr Clement was speculated to be Fremantle's next chief executive before Simon Garlick was appointed to the role last month.

The former Fremantle and Collingwood defender will assume the role of managing director and chief executive of Vysarn in February, after leading Mareterram (acquired by aquaculture business Sea Harvest in April) as CEO for nearly two years.

He was also an associate director at Euroz for two years.

Mr Clement’s remuneration package comprises a base salary of $350,000 per year, with short term incentives of up to $100,000 per year and long-term incentives of up to 5 million performance rights and 10 million options.

Commenting on his appointment was Vysarn chairman Peter Hutchinson, who had previously worked alongside Mr Clement at Mareterram as a non-executive director.

“To attract an applicant of James’ standing is testament to the quality of the assets purchased by the company and the business plan that we have developed and communicated to our stakeholders,” Mr Hutchinson said.

“I am looking forward to working with him again and witnessing the emerging culture of our company under his leadership.”

Mr Clement is also the present vice chairman and director of the Western Australian Fishing Industry Council Inc.

His appointment comes two months after Vysarn relisted on the ASX and seven months after it acquired Perenti Global's (formerly Ausdrill) waterwell business in April for $16 million.

Yesterday, Vysarn announced it had won a $13 million drilling and construction contract for works across Fortescue Metals Group’s Pilbara mine sites.

Shares in Vysarn were up 1.67 per cent to trade at 6.1 cents per share, as at 2:20pm AEDT.

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