Israel’s AquaMaof Aquaculture Technologies has named Eli Amar as the company’s new CEO. He succeeds David Hazut, who now takes up the role of Chairman.
AquaMaof is a pioneer in recirculating aquaculture system (RAS) technology for land-based production of a diverse range of species, from concept to operational fish production facilities and ongoing service and support.
Eli Amar, has served as AquaMaof’s VP Strategy and Finance for the last four years. He brings to the company over 16 years’ experience in corporate development and mergers & acquisitions. Prior to joining AquaMaof, he worked at crop protection giant Adama Agricultural Solutions, playing a key role in multiple high-profile transactions, including the group’s $3.7bn merger with ChemChina – China’s largest chemical manufacturer, and the ramp-up of the company’s business in China.
He also worked in investment banking at Bear Stearns & Co. in New York, where he was involved in several key M&A transactions in Wall Street. Eli holds an LL.B. from the Hebrew University and an MBA from the Wharton Business School at the University of Pennsylvania in Philadelphia.
David Hazut said: “This is an exciting moment for AquaMaof, and I’m sure that under Eli’s leadership, the company will break through to new records and achievements. As one of the company’s founders and the new Chairman of the board, I have full confidence in Eli, and together with the great management and employees of AquaMaof, the company will reach remarkable achievements.”
Eli Amar added: “Our current aim is to widen our reach, both in terms of building additional large-scale projects, expanding the breadth of the species with which we work, and deepening the quality of our solution by developing additional associated systems.
“With so many AquaMaof facilities already operational worldwide, including one at Proximar in Japan with a 5,000-tonne per annum capacity of Atlantic salmon, we are on the verge of a breakthrough in the scale-up of the company. We’re excited to explore the huge impact and financial potential of our technology.”