Malcolm Pye, founder of Sheffield-based aquaculture health, nutrition and genetics business, Benchmark, is stepping down as CEO.
Mr Pye has notified the board of his decision, allowing the company to appoint a new CEO to drive the next phase of growth and development.
He will officially step down n 30 November whereupon he will become a Non-Executive Director.
Chairman Peter George will step up to Executive Chairman with immediate effect and will remain in this role through to the appointment of a new CEO, to ensure a smooth transition period and a successful handover.
During his tenure, Mr Pye led the Group through its foundation, admission to AIM and the acquisitive and organic growth that followed, meaning that today Benchmark is a leading, global, integrated aquaculture business.
“I joined Benchmark because I loved Malcolm’s passion for the business and sector; he has been instrumental in developing a culture in the business that is passionate about sustainability and animal welfare, and we are committed to building on that process,” said Mr George.
“We have begun the search for his successor and look forward to updating on progress and ensuring a smooth handover of duties in due course.”