SPC Global CEO, Robert Iervasi, has written to shareholders, reassuring them recent share price movements reflect short-term market dynamics not the company’s operational or financial performance. SPC’s share price has fallen almost 50 per cent since it listed on the ASX on 17 December.
Iervasi said selling pressure from one non-founding shareholder has likely influenced the share price in the short term.
“We remain focused on executing our growth strategy, driving operational efficiencies, and enhancing long-term shareholder value. Our founding team and major shareholders remain firmly committed to the company’s vision and have retained their holdings, reflecting their confidence in our long-term prospects,” Iervasi said.
Increased market engagement with analysts, brokers, investors, and media was underway, as was a commitment to provide greater transparency and communication with shareholders. A series of investor briefings are being planned, starting with a webinar to coincide with the company’s 1H25 results announcement.
“As managing director, I’m convinced of the significant opportunity we have to be successful. The diversification of our business, the introduction of new leaders with significant FMCG experience and the potential to grow in Australia and overseas, will enable us to put our products in the hands of more consumers each and every day,” he said.
New group chief commercial officer
On 24 December, the company announced the appointment of John Harwood as group chief commercial officer. Most recently, Harwood was the Transformation lead at Asahi Beverages’ Carlton & United Breweries (CUB). Prior to that he held a number of positions at Asahi, including general manager of Asahi Lifestyle Beverages On The Go business unit.
SPC Global CEO, Robert Iervasi – who was Asahi Beverags CEO during Harwood’s tenure – said he had a proven track record achieving growth and commercial excellence.
“John has a natural talent in building customer relationships, as well as ensuring that our growth plans are aligned with each channel that we supply. I’m honoured to be working with John again,” Iervasi said.
SPC international business win
The international business unit for SPC, Nature One Dairy (Hong Kong) (NODHK), has secured a 10-year exclusivity agreement with Dairy Farm Company (DFI) that is expected to generate $250 million in revenue across the term of the agreement.
NODHK will supply high-quality dairy products to DFI’s health and beauty retail network, Mannings, which has more than 320 outlets in Hong Kong and Macau.
NOD CEO, Nick Dimopoulos, said, “The agreement will allow us to expand our relationship by supplying more high-quality products throughout Mannings’ extensive retail network.”
For SPC CEO, Robert Iervasi, the partnership strengthens FOD’s position throughout Asia. “NOD is set to play a central role in SPC Global’s vision of building a global food powerhouse,” he said.
