Aquaculture health, nutrition, and genetics company Benchmark has announced that its founder Malcolm Pye has decided to step down as CEO and that an external search for his successor is underway.
Pye will formally step down on 30 November, 2019, when he will become a non-executive director.
Peter George, chairman of Benchmark, has stepped up with immediate effect to the position of executive chairman and will remain in this role through to the appointment of a new CEO.
"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,” said George.
"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."
The announcement comes a month after Benchmark’s CFO, Mark Plampin, stepped down from his role to pursue other opportunities.
Benchmark Holdings recently announced the appointment of a new CFO to replace Plampin; Septima Maguire. Maguire joined the company from Dechra Pharmaceuticals PLC, where she was most recently corporate development director overseeing acquisitions, strategic projects, business development, and more.
According to Benchmark, Plampin will remain with the business until January to “ensure an effective transition."
Photo courtesy of Benchmark Holdings
