The Kingfish Company Founder and CEO Ohad Maiman Transitions into Advisory Position

The Kingfish Company

1 November 2022

The Kingfish Company announced that founder and CEO Ohad Maiman will transition from his role as CEO into an advisory position where he will continue to support the company as an active founder.

In this role, Maiman will continue to support the company’s US development, and provide counsel to management and the board while remaining committed to the company’s ongoing success.

In a letter to staff, Maiman stated:

“Building The Kingfish Company over the last seven years from a PowerPoint presentation to a sector leader as founder/CEO has been an honor and a privilege. I am immensely proud of how far we have come in proving the business case for land based Yellowtail Kingfish, and grateful to have had the chance to work with some of the most talented and capable professionals in the business.nnAs the company developed through the startup and scale up phases and has reached a mature significant operational scale with proven sector leading KPIs, and with a strong leadership team in place across our vertically integrated departments; I have decided that now would be a good time to hand off the CEO role, and have worked closely with the board to ensure a smooth transition.nnI will continue to closely advise management and the Board and support The Kingfish Company as it continues to build on its first mover position and deliver on its immense expansion potential, and will personally look to develop and support other disruptive technologies and species in the sector.”

Non-executive Chairman Hans den Bieman has resigned as member of the supervisory board and will serve as interim CEO while the search takes place for a long-term replacement. Den Bieman has worked closely with Maiman since the beginning of the company. An extra-ordinary general meeting of shareholders will be convened to, amongst others, formalize Hans den Bieman’s position as interim CEO.

“Over the last seven years I have worked closely with Ohad and was thoroughly impressed with his vision, relentless hard work, and his ability as founder and CEO to build and grow the company from an idea into an industry leading full-scale international operation” says den Bieman. “This is a natural evolution for a founder that has brought the company to a strong and healthy position, and as interim CEO I will work closely with Ohad through this transition period, while supporting the company’s solid operation until a permanent replacement has been identified.”

The Kingfish Company recently announced strong volume growth while increasing sales prices, as well as the final approval of permits needed to begin building their US Maine facility.

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About The Kingfish Company

The Kingfish Company is a pioneer and leader in sustainable land-based aquaculture. Current annual production capacity at its Kingfish Zeeland facility in the Netherlands is 1,500 tons of high quality and high value Yellowtail Kingfish.

Expansion is underway and capacity in the Netherlands will reach 3,500 tons in early Q1 2023. In the US, permitting for the company’s 8,500 tons capacity facility is progressing as planned.

Production is based on advanced recirculating aquaculture systems (RAS), which protect biodiversity and ensure biosecurity. Animal welfare is paramount, and the fish is grown without use of antibiotics and vaccines. Operations run on 100 percent renewable energy, sourced from wind, solar and biogas. The company’s facilities operate on sea water, avoiding wasting of precious fresh water.

The Kingfish Company’s main product at present, the Yellowtail Kingfish (also known as Ricciola/Hiramasa/Greater Amberjack) is a highly versatile premium fish species, well known in the Italian and Asian fusion cuisines.

Its products are certified and approved as sustainable and environmentally friendly by Aquaculture Stewardship Council (ASC), Best Aquaculture Practices (BAP) and British Retail Consortium (BRC). It was the winner of the 2019 Seafood Excellence Award, and it is recommended as green choice by Good Fish Foundation.