AquaMaof announces change at the top

Recirculating aquaculture systems supplier AquaMaof has promoted strategy and finance vice president Eli Amar to chief executive.

The move follows the changes in the company’s management which entail former CEO David Hazut stepping up to become chairman of the board after 13 years leading the Israel-headquartered company.

Amar, who joined AquaMaof four years ago, has more than 16 years’ experience in corporate development and mergers and acquisitions.

“This is an exciting moment for AquaMaof, and I’m sure that under Eli’s leadership, the company will break through to new records and achievements,” said Hazut in a press release.

“As one of the company’s founders and the new chairman of the board, I have full confidence in Eli, and together with the great management and employees of AquaMaof, the company will reach remarkable achievements.”

Leveraging competencies

Amar said AquaMaof had undergone great change and development in recent years under Hazut’s leadership.

“Along with the whole AquaMaof group, I would like to express my gratitude for his hard work, dedication and achievement of bringing AquaMaof to its current worldwide leading position,” added the new CEO.

“As David hands the baton to me, I look forward to leveraging AquaMaof’s core competencies and competitive advantage to further drive the company’s development and execute a new long-term strategy that will establish its leadership position in reshaping the aquaculture industry.

“Our current aim is to widen our reach, both in terms of building additional large-scale projects, expanding the breadth of the species with which we work, and deepening the quality of our solution by developing additional associated systems.

“With so many AquaMaof facilities already operational worldwide, including one at Proximar in Japan with a 5,000-ton per annum capacity of Atlantic salmon, we are on the verge of a breakthrough in the scale-up of the company. We’re excited to explore the huge impact and financial potential of our technology.”

Global reach

Norwegian-owned Proximar announced this week that it had taken ownership of the RAS facility in Oyama, marking the end of the construction works.

AquaMaof’s other completed projects including a 1,000-tonne catfish farm in Slovakia, a 500-tonne trout RAS in Russia, a 1,000-tonne grouper RAS in the Far East, and Grieg NL’s salmon hatchery and nursery in Marystown, Newfoundland, which provides sterile triploid salmon for Grieg’s farms in Placentia Bay, where it has exclusive rights to farm.

AquaMaof is also designing a salmon RAS in Sweden, and a yellowtail kingfish farm in northern Chile.