Tuna Business Headlines
IN BRIEF
Thai Union has made several changes to its global leadership team to drive the company’s Strategy 2030 priorities. Ratiporn Ratcharoen has been appointed as the new CFO, who will lead the company’s financial strategy and operations across the enterprise, with a mandate to build a more forward-looking, disciplined and data-driven finance function. She succeeds Ludovic Garnier, who will take the role of Managing Director, Finance, for Thai Union’s Ambient Branded business.
Sumit Narang has taken over the Chief Strategy & Transformation Officer role, and he will identify growth opportunities and drive transformation across the group. New Chief Digital Officer, Daniel Laverick will drive Thai Union’s enterprise-wide digital and technology agenda, with a mandate to accelerate the company’s transformation into a more digitally enabled, data-driven and AI-ready organization, according to a Thai Union press statement. Narang and Laverick will join the Group on August 1, with Ratcharoen to join on August 17.
Argentina’s approval of a law to accede to the FAO’s Agreement on Port State Measures (PSMA) on July 17 marks a significant step in IUU fishing in the southwest Atlantic, a region with albacore and bluefin fisheries. With Argentina, Chile, and Uruguay now all signatories of this agreement, the Southern Cone’s ports ( Brazil has not ratified PSMA) are better equipped to block IUU-derived tuna and other species, harmonizing regional efforts with global standards. PSMA is the only legally binding international treaty targeting IUU fishing and requires signatories to enforce strict port controls, including inspections and data sharing, to prevent illegally caught seafood from entering global markets.
The agreement’s impact is already evident since it entered into force in June 2016. The risk of IUU-caught seafood reaching ports has decreased worldwide, thanks to stricter controls. For the southwest Atlantic, where distant-water fleets target tuna and other valuable species, PSMA implementation means vessels face greater difficulties in offloading illegal catches. This not only deters IUU fishing but also strengthens the protection of vital marine resources by making it harder for illegal catches to reach the market. In February, Argentina acceded the Cape Town Agreement under the International Maritime Organization (IMO) for mandatory safety standards for fishing vessels over 24 meters in length.
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