Chairman of the Board of Directors, Anthony Smaré, recently announced the appointment.
Smaré said Paradise Company Limited had become a significantly larger diversified food business after the acquisition of Laga Industries Limited in 2018, and needed the right leader with appropriate leadership traits to develop and lead the team of the diversified organisation as it continued to grow.
“After a rigorous international search process, James Rice had been selected from a strong international list of candidates who had CEO experience leading diversified food and manufacturing businesses in developing countries,” said Smare.
“James brings a deep industry knowledge of manufacturing, supply chain distribution and earnings growth and with his experience producing positive impactful results for FMCG organisations around the world, is well qualified for the role as CEO of Paradise Company Limited. We are delighted that James has accepted the challenge of coming to PNG and building a truly world class diversified food business at Paradise Company Limited.”
In response, Rice stated: “I am honoured and grateful for the opportunity to lead this exceptional, world-class food and beverage organisation, as well as its group of dedicated employees.
“Paradise Foods & Laga has an incredibly talented and devoted team focused on creating the highest quality, diverse product base available anywhere. I am confident that together as a team, we will progress forward by focusing on our diverse product offerings and our customers, which at the same time will create additional opportunities for the Paradise workforce and our loyal network of local PNG suppliers.”
Rice comes to Paradise Company Ltd from the United States, where he was CEO of Solaris Paper, Inc., a privately held Away-From-Home and retail tissue corporation, which he grew by 50 percent in two-and-a-half years. Previously, he was Vice President of Asia Pulp & Paper, one of the largest integrated pulp and paper companies in the world. He also spent several years in China, where he headed up Shui Jing Fang, a 600-year-old premium Chinese liquor company and was also President of Tyson Foods’ country-wide China operations, where he built the business from US$5 million to over US$500 million in 5 years.
He is fluent in Mandarin Chinese and has relocated to Port Moresby in June to assume his new role.