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"Aquaculture, not the Internet, represents the most promising investment opportunity of the 21st Century."

- Peter Drucker, Management Expert & Economist


New CEO for Biomar

Torben Svejgard, who has been group CEO of Danish feed giant Biomar since 2008, has resigned from his position in order to focus on a career as a full-time board member.
The Biomar board has appointed vice president Carlos Diaz as new group CEO and he will take over the seat from Svejgard sometime towards the end of the year.

"My six years with Biomar has been fantastic. Aquaculture is an exciting industry and Biomar is a wonderful company with wonderful and smart people. It has thus been a very difficult decision for me to resign, but this is the right time for me to withdraw from the executive life and seek a new career path as a non- executive," said Svejgard.

Diaz is 45 years old, has a background as a veterinarian and holds an MBA with specialization in marketing and commercial management. Before Biomar, he was working in the aquaculture industry in Chile, as well as in the pharmaceutical industry.

Svejgard successor "has been with Biomar since 2000 and after a strong career in the Chilean organisation he has during the last years broadened his responsibility area successfully, so he today has responsibility for the two regions Americas and continental Europe and on top of that he is the overall responsible for business development", said Jens Bjerg Sorensen, chairman of the board.

"I and the board are thus confident that we in Carlos have a strong group CEO, who can lead the company towards new heights," he said, thanking Svejgard for his contribution to the company.

"I am pleased and happy to take this new professional challenge in my career and contribute to consolidate and grow Biomar as a global leader in fish feed. I am sure that with all the good people in the company we can continue making a difference and creating value for our customers, employees and shareholders," said Diaz.

Biomar is one of the main suppliers of fish feed to the aquaculture and especially salmon farming industry, along with Skretting and Ewos. Biomar operates 11 fish feed factories in Norway, Chile, Denmark, Scotland, Spain, France, Greece, Costa Rica and, starting 2015, a new factory in Turkey.

According to the company, roughly one out of five farmed fish produced in Europe, Chile and South and Central America are fed with Biomar fish feed. Worldwide, Biomar supplies feed to around 60 countries and to more than 30 different fish species.

Biomar is fully owned by the Danish industrial group Schouw & Co, which is listed on the Copenhagen stock exchange.

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