Scanbio Marine Group, a producer of hydrolyzed fish proteins and fish oils, appointed John Binde has as its new CEO.

Binde will begin serving as CEO, effective Aug. 1, 2015.

A Paine & Partners operating director since November 2014, and a recent addition to the Scanbio board of directors, Binde is a proven executive with extensive operational expertise in the aquaculture industry.

For 10 years, he served as CEO of Norway Royal Salmon (NRS).

From 2004 until 2014, Binde led NRS through a "transformative period of growth and development" whereby its market capitalization increased from $10 million (€9 million) to $370 million (€333.4