The Scottish Salmon Company Limited - Appointment of Non Executive Directors

October 20, 2010 13:36

Scotland's leading independent salmon farming company The Scottish Salmon Company Ltd has appointed tree new Non Executive Directors to its board, Robert M Brown III, Merete Myhrstad and Viacheslav Lavrentyev, reports with reference to The Scottish Salmon Company. 

Robert M Brown III has over 35 years experience in corporate business and finance. He is currently Chairman and CEO of B-III Capital LLC, a merchant banking firm engaged in private equity fundraising, corporate finance advisory and merger and acquisition transactions. He is also Director of Tau Capital PLC, an AIM-listed general partner of the Kazakhstan Investment Fund and Chairman of Quorum Fund, a private fund investing in listed Russian shares. Mr Brown has held previous positions as Managing Director of Creditanstalt International Advisors, a New York-based subsidiary of Creditanstalt Investment Bank (CAIB) and as a Managing Director at Lehman Brothers in New York.

Merete Myhrstad has extensive experience from the Norwegian stock market and financial reporting, from previous positions as Head of Section of the Financial Reporting Supervision of the Financial Supervisory Authority of Norway and various positions within Oslo Stock Exchange, including Head of Listings and Corporate Transactions. She is currently a partner of UNIConsult AS. Myhrstad holds a MSc degree in Business Administration and is a State Authorised Public Accountant (MBA) Myhrstad is since 2006 a member of the board of Northern Logistic Property ASA (listed on Oslo Stock Exchange), and previously a board member of i.a. Wavefield Inseis ASA and Vertical Group ASA.

Viacheslav Lavrentyev has more than 15 years of experience in finance and investment banking. He is currently Head of Corporate Finance Advisory with FMC Advisors Ltd, Russia and played an integral role in the successful placement of Rambler Media on the London Stock Exchange. He has significant experience in the salmon farming industry and played a key role in establishing Russia's largest salmon aquaculture company, the Russian Salmon Company, sitting on the Board from 2007 to 2009.

Jim Mullins, chairman of The Scottish Salmon Company said: "We are delighted that Robert, Merete and Viacheslav are joining our Board of Directors. The expanded Board will be well positioned to capitalise on the business opportunities currently available and raise the international profile of the Company. These are exciting times for the SSC team and we are committed to maximizing value for our shareholder".

Robert M Brown III, Merete Myhrstad and Viacheslav Lavrentyev will take up their positions as Non Executive Directors on 12th October 2010.


Questions should be directed to:

Su Cox, The Scottish Salmon Company Limited

The Scottish Salmon Company

 The Scottish Salmon Company is the leading independent producer of Scottish salmon, providing superior salmon to both the local and international markets. The Scottish based and operated company is a fully-integrated seafood company, built around the provenance, taste, freshness, sustainability and health benefits of its salmon product.

 The Company is engaged in all stages of the value chain from smolt production to harvesting, processing and sales. Operating from 37 sites on the Hebrides and West Coast of Scotland, the company currently employs over 300 staff. 

 The Scottish Salmon Company currently produces about 24,000 tonnes of Scottish salmon annually, accounting for about 20%of Scottish production.

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