Scanbio Marine Group AS, producer of hydrolysed fish proteins and fish oils, has announced that John Binde has been appointed chief executive officer, effective from 1 August 2015.

A recent addition to the Scanbio Board of Directors, Mr Binde has extensive operational expertise in the aquaculture industry. For 10 years, he served as chief executive officer of Norway Royal Salmon ASA, a fully integrated fish farming company. From 2004 until 2014, Mr Binde led Norway Royal Salmon through a transformative period of growth and development whereby its market capitalisation increased from $10 million to $370 million through mergers, acquisitions, and other various strategic transactions.

David Buckeridge, chairman of Scanbio Marine Group, said, "We are very pleased to appoint John Binde to the role of CEO at Scanbio as the company continues to focus on enhancing its market offerings and broadening its customer base. John has the strong track record and deep operational experience to drive the execution of Scanbio's strategy. I am confident that with John overseeing the operations of the company, Scanbio will continue to enhance the range of value added services it provides to salmon farmers, create demand for its differentiated product offering, and accelerate its international expansion."

"It is an honour to join the team at Scanbio," said John Binde. "Scanbio has a strong market position and a reputation of delivering high-quality and sustainably sourced hydrolysed fish proteins and fish oils to its diverse international customer base. I look forward to working with David and the Scanbio team to build on the company's strong momentum and capitalise on opportunities to unlock Scanbio's tremendous potential."

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