Feed pellets bags at BioMar.
Photo: BioMar
BioMar has expanded its Board of Directors with the appointment of experienced industry executives Marianne Rørslev Bock and Kristian Johnsen Hundebøll, as the company prepares for a potential stock market listing.
BioMar is owned by Danish industrial group Schouw & Co., which announced the appointments this week via a press release, in addition to confirming the group is still considering making the feed manufacturer a public company.
Currently the world’s third-largest producer of feed for farmed fish and shrimp, BioMar has delivered more than 10% average annual growth in both revenue and earnings since Schouw & Co. acquired the feed manufacturer in 2005, the group said.
Schouw & Co. emphasised the "extensive international experience and strong leadership skills" of the new board members, with CEO of Schouw & Co. and chair of the board at BioMar, Jens Bjerg Sørensen stating: "They both bring relevant skills that will strengthen BioMar’s board ahead of a potential IPO, while also supporting BioMar’s continued growth as a leading aquaculture specialist in a growing market driven by megatrends.”
According to the announcement, Bock, currently CFO of Scandinavian Tobacco Group, is a state-authorised public accountant with extensive experience from listed companies and multiple board roles, including Dagrofa and the Danish Financial Supervisory Authority.
Meanwhile, Hundebøll brings more than a decade of top-level leadership experience, notably as CEO of DLG Group, the largest farm supply company in Europe, from 2012 to 2024. He also serves on the boards of Danmarks Nationalbank and DLF, and has chaired several national and European agri-industry bodies.
BioMar also confirmed that its Chief Financial Officer, Claus Eskildsen, has now been formally registered as part of the company’s executive management.
The possibility of BioMar becoming a publicly traded company was first floated one year ago by the owning group. At that time, Schouw & Co. argued that a potential separate listing of the feed producer "could provide the right platform for BioMar to continue its growth trajectory."
In April BioMar announced it had completed the acquisition of LetSea, a feed trial innovation centre in Norway, followed in May by the news it had become the only global manufacturer with aquafeed production in Iceland through a new partnership with Icelandic feed producer Fóðurblandan.
BioMar currently operates 17 feed factories worldwide, in Europe, Asia, South America and Australia, supplying feed to around 90 countries and for more than 45 different species.
