Supplier's News

AquaMaof appoints new CEO

Eli Amar is the new CEO and David Hazut will step up to chairman of the company’s board of directors, leading together the company's strategy.

AquaMaof-Eli Amar-CEO
Eli Amar, AquaMaof CEO. Credits AquaMaof
September 25, 2023

RAS technology supplier, AquaMaof Aquaculture Technologies, has announced the appointment of Eli Amar as its new CEO in a press release. The move follows the changes in the company's management, due to such David Hazut will finish his tenure as the company’s CEO, a role he held for 13 years. During David’s tenure, the company established its position as a global leader in RAS technology, working on projects with leading companies in the fish industry worldwide, from Canada, through Europe and Asia, to Japan.

The incoming CEO, Eli Amar, has served as AquaMaof’s VP of Strategy and Finance for the last four years. Eli brings to the company over 16 years’ experience in corporate development and mergers and 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 $3.7 billion 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 on 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.

“This is an exciting moment for AquaMaof, and I’m sure that under Eli’s leadership, the company will break 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,” said David.

“AquaMaof has undergone great change and development in recent years, led by my predecessor, David,” said Eli. “Along with the whole AquaMaof group, I would like to express my gratitude for his hard work, dedication and achievement in bringing AquaMaof to its current worldwide leading position. I wish David much luck in his new role as the Chairman of the company’s Board, and know that we will be working harmoniously together to spread the company’s message to the world. As David hands the baton to me, I look forward to leveraging AquaMaof’s core competencies and competitive advantage to further drive the company’s development, and execute a new long-term strategy that will establish its leadership position in reshaping the aquaculture industry.”

Rooted in R&D, AquaMaof’s proven technology has enabled it to successfully achieve consistent, large, industrial-scale production of diverse species of seafood at its facilities, and to work together with industry leaders. The company’s goal is to industrialize aquaculture and elevate it to a science-based discipline.

“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,” said Eli. “With so many AquaMaof facilities already operational worldwide, including one at Proximar in Japan with a 5,000-ton 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.”