Land-based yellowtail kingfish farming business The Kingfish Company has announced that founder Ohad Maiman is to step down from his role as CEO and will take up an advisory position with the company.
In his new role, Maiman will continue to support the company’s US development and provide counsel to management and the board while remaining committed to the company’s ongoing success, the company advised.
In a letter to the company’s staff, Maiman stated: “Building The Kingfish Company over the last seven years from a PowerPoint presentation to a sector leader as founder/CEO has been an honour and a privilege. I am immensely proud of how far we have come in proving the business case for land-based yellowtail kingfish, and grateful to have had the chance to work with some of the most talented and capable professionals in the business.
“As the company developed through the start-up and scale up phases and has reached a mature significant operational scale with proven sector leading KPIs, and with a strong leadership team in place across our vertically integrated departments; I have decided that now would be a good time to hand off the CEO role and have worked closely with the board to ensure a smooth transition.”
Executive Chairman Hans den Bieman is to serve as interim CEO during the search for a long-term replacement.
“Over the last seven years I have worked closely with Ohad and was thoroughly impressed with his vision, relentless hard work, and his ability as founder and CEO to build and grow the company from an idea into an industry leading full-scale international operation” den Bieman said.
“This is a natural evolution for a founder that has brought the company to a strong and healthy position, and as interim CEO I will work closely with Ohad through this transition period, while supporting the company’s solid operation until a permanent replacement has been identified.”
The Kingfish Company recently announced strong volume growth while increasing sales prices, as well as the final approval of permits needed to begin building its Maine facility.
