Benchmark Holdings PLC Directorate Change (4115J)
19 August 2019 - 4:00PM
UK Regulatory
TIDMBMK
RNS Number : 4115J
Benchmark Holdings PLC
19 August 2019
19 August 2019
Benchmark Holdings plc
("Benchmark", the "Company" or the "Group")
Directorate Change
Benchmark, the aquaculture health, nutrition and genetics
business, announces that Malcolm Pye, Benchmark's founder and Chief
Executive Officer, has notified the Board of his decision to step
down to allow the Company to appoint a new Chief Executive to drive
the next phase of Benchmark's growth and development. Malcolm will
formally step down on 30 November 2019 when he will become a
Non-Executive Director of Benchmark, ensuring the Company retains,
at Board level, his extensive knowledge and experience.
Peter George, Chairman of Benchmark, will step up, with
immediate effect, to Executive Chairman and will remain in this
role through to the appointment of a new CEO, to ensure a smooth
transition period and a successful handover of Malcolm's role and
responsibilities.
During his tenure, Malcolm led the Group through its foundation,
Admission to AIM and the acquisitive and organic growth that
followed, meaning that today Benchmark is a leading, global,
integrated aquaculture business.
The Company has commenced an external search for a successor and
a further announcement will be made in due course.
Benchmark's Chairman, Peter George, commented:
"On behalf of the Board, I would like to take this opportunity
to thank Malcolm for his considerable contribution during his time
with the Group. We are delighted that he will remain with Benchmark
in a NED role, which will ensure we retain his significant
expertise.
"I joined Benchmark because I loved Malcolm's passion for the
business and sector; he has been instrumental in developing a
culture in the business that is passionate about sustainability and
animal welfare, and we are committed to building on that process.
We have begun the search for his successor and look forward to
updating on progress and ensuring a smooth handover of duties in
due course."
- Ends -
For further information, please contact:
Benchmark Holdings plc Tel: 020 3915 1236
Ivonne Cantu, Investor Relations Director
Numis Tel: 020 7260 1000
Freddie Barnfield (NOMAD)
James Black (Corporate Broking)
MHP Tel: 020 3128 8742 / 07551 170 451
Katie Hunt / Reg Hoare /Alistair de Kare-Silver
benchmark@mhpc.com
Notes to Editors:
About Benchmark
Benchmark's mission is to drive sustainability in food
production. We are a leading provider of aquaculture solutions in
genetics, health and specialist nutrition. Our focus is on
developing innovative products that help fish and shrimp producers
improve their sustainability and profitability by improving yield,
quality, health and welfare. Our main products are salmon eggs with
superior genetic traits, specialist nutrition products for shrimp
and fish, and health treatments including a sea lice treatment for
salmon. We serve all the major aquaculture markets around the world
and have leading market positions. Benchmark operates in 27
countries, employs 1,066 people and reported revenues of GBP151.5m
in FY 2018.
For further information on Benchmark please visit
www.benchmarkplc.com
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END
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