New CEO For Clearwater

Mr Smith will take over from Colin MacDonald.

Mr. Smith, 46, has over 21 years experience in the food and consumer products industries including senior leadership positions at Campbell Soup Company in the United States, China and Canada and prior to that with Colgate-Palmolive. His most recent position with Campbell was Vice-president of Business Development for North America.

"Ian's proven track record over the past 21 years, his diverse range of global experience in both marketing and sales and his demonstrated business development abilities in North America and internationally made him the ideal candidate for the position," said Colin MacDonald, Chairman of the Board of Clearwater.

"I am honored to have the opportunity to lead this innovative Canadian seafood company. Clearwater is not only a world leader in sustainable harvesting practices and resource management, it has a world recognized brand and reputation for the very highest quality shellfish and a proven record in the innovative use of technology to enhance customer value.

"Clearwater harvests its core base of sustainable fishing quotas off Atlantic Canada and Argentina with one of the youngest and most modern fleets in the global fishing industry. I am extremely proud to have the opportunity to lead an industry leading company like Clearwater and such a dedicated and talented workforce and experienced management team. I look forward to working with the team to continue to bring the value inherent in Clearwater's operations to our customers," said Mr. Smith.