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Benchmark Hlgs PLC (BMK)

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Monday 19 August, 2019

Benchmark Hlgs PLC

Directorate Change

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  [email protected]

                                

 

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 £151.5m in FY 2018.

                               

For further information on Benchmark please visit www.benchmarkplc.com

 

 

 


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