AquaMaof appoints Mr. Eli Amar as its new CEO and Mr. David Hazut as its new Chairman of the Board

Shai Silbermann | VP Marketing & Sales

21.09.2023

The appointments follow changes in the company’s management. Mr. Eli Amar will be promoted and step up to the CEO position. Mr. David Hazut will step up to Chairman of the company’s Board of directors. Together, David and Eli will both lead the company’s strategy from their new positions.

AquaMaof Aquaculture Technologies Ltd., a pioneer and one of the leading companies in the industry of Recirculating Aquaculture System (RAS) technology for intelligent land-based aquaculture, has announced the appointment of Mr. Eli Amar as its new CEO.

The move follows the changes in the company’s management, due to such Mr. 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.

Incoming CEO, Mr. Eli Amar, has served as AquaMaof’s VP Strategy and Finance for the last four years. Eli 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.

“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.” says David.

“AquaMaof has undergone great change and development in recent years, led by my predecessor, David,” says Eli. “Along with the whole AquaMaof group, I would like to express my gratitude for his hard work, dedication and achievement of 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,” says Eli. “With so many AquaMaof facilities already operational worldwide, including one at Proximar in Japan with a 5000-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.”