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Benchmark chairman steps down

Nutrition Health Breeding & genetics +4 more

Alex Hambro, chairman of Benchmark, the aquaculture health, nutrition and genetics business, has announced his intention to retire from the board.

Hambro has overseen the company's transition from a phase of rapid acquisition-led growth since its IPO in December 2013, to one more focused on organic growth, integration and operational execution. Over the last three years, the company has built an international platform with strong market positions in health, advanced nutrition and genetics, that are each centred on the large and growing aquaculture market.

He said: "Since the IPO in 2013, Benchmark has created a unique group, comprised of a team of the most talented aquaculture professionals to be found anywhere in the world, and which would be impossible to replicate. Now that the strategic focus of the business has switched to the international integration of the operating divisions, I look forward to bringing my successor on board and ensuring a seamless handover."

The group is now focused on improving its profitability through leveraging its global platform and is reviewing its activities in areas that fall outside of aquaculture.

Hambro now plans to focus on his other business interests and non-executive roles.