New World Currents -- the Chilean salmon joint venture between Australis, Blumar, Camanchaca, Marine Farms and Yadran -- has named Los Fiordos executive Nicolas Terrazas as its new CEO, replacing outgoing managing director Erwin Campos.

Terrazas, who heads up global sales and marketing for Los Fiordos, will relocate to New World Currents' Shenzhen, China, headquarters.

Campos, who led the organization since its establishment in 2013, will be leading Asia sales for Camanchaca.

During his tenure, Campos spearheaded the company's massive growth, which has reached sales of $100 million (€88 million).