November 21, 2014

BioMar Group announces new executive structure

As announced in September Carlos Diaz formally took over the position as CEO of the BioMar Group on November 14th, when he announced a new executive structure.

"The new BioMar Management Team will focus on delivering a strong global value proposition tailored to our customer's needs in all the different environments where they are operating", said Diaz.

The new team will consist of an Executive Committee composed by Carlos Diaz, Mogens Stentebjerg, CFO, interacting with a Management Team comprised by the heads of BioMar's three market regions and key global functions including Research & Development, Marketing, Sourcing & Business Relations, and HR.

"The new team is a very operational team with strong roots in the market areas complemented by functional directors supervising the cross-utilisation of product innovations and concepts as well as organisational competencies between regions. We want to continue to be close to our customers and at the same time we want to strengthen our capability of fast development and commercialisation of innovative feed concepts and products worldwide through a well-coordinated effort," said Diaz.

Diaz emphasised that BioMar traditionally has had a major strength with a relatively decentralised structure. "We want to keep that, but seen in the light of more globalised customers and BioMar's ambitious expansion plans into new market areas one of the main tasks of the new Global Management Team will be to ensure that innovations are brought faster to the markets and especially rolled out across markets globally," he said.

Diaz explained that the new structure has been created with strong candidates from BioMar's internal leadership pipeline. "We have appointed the Managing Director of our very successful Baltic business unit, Ole Christensen, as new Vice President of Continental Europe and the Managing Director of the important Chilean operation, Martín León, as new Vice President of Americas. Jan Sverre Røsstad continues as Vice President of BioMar's North Sea region. Hence all regions will be headed by strong leaders both facilitating local results and global cross-utilisation."

The other new faces in the Management Team are Patrick Campbell, Global R&D Director, Henrik Aarestrup, Global Marketing Director, and Sif Rishoej, Global HR Director, while Niels Alsted continues as Vice President with responsibility for Global Sourcing and Business Relations.

The BioMar Group had a turnover of 1.2 billion EUR and an EBIT of 55 million EUR last year. Production takes place at 11 factories across Europe and America, and earlier this year BioMar announced that it will open a new feed plant in Turkey in 2015 in a joint-venture with a local Turkish seafood company. Read more about the joint-venture here: /contents/10-07-2014/e0297731-65f2-4217-b686-55918b5b00a8-c252.html