Algatech appoints Ronnie Meninger as CEO

https://www.dreamstime.com/royalty-free-stock-photo-algae-powder-image28548165Algatech has appointed Ronnie Meninger as CEO.   Hagai Stadler, of Grovepoint (Algatech’s major shareholder) who served the last two years as an interim CEO, will become a director in charge of M&A activities for Algatech. Sammy Boussiba was appointed Chief Scientist to Algatech’s board.

 

Meninger has more than 30 years of experience in the fine chemical, special ingredients and pharmaceutical industries. She served in multiple managerial positions, and was managing director of Chemada Fine Chemicals, Israel (part of the ICL Group). Meninger also is a board member of several public companies in Israel. She holds an MBA and BSc in Life Sciences from the Hebrew University of Jerusalem.

 

“I’m excited to join Algatech and be part of its excellent team,” said Meninger. “Our strategy for the next years includes major investments in developing unique active ingredients, incorporating innovative technologies to our cultivating process and growing through synergistic acquisitions. In addition, we will offer new delivery forms and increase our focus on compiling more comprehensive scientific data for the AstaPure brand in order to maintain our distinctive quality, and offer advanced natural astaxanthin solutions to our customers. We also will recruit new key positions and invest further in human resources.”

 

“I’m very pleased to welcome Ronnie Meninger as the CEO of Algatech,” said Ed Hofland, Algatech’s chairman. “I’m convinced that under Ronnie’s leadership Algatech will continue to grow and show strong performance based on its solid foundations and devoted team. Ronnie’s global experience, coupled with our unquenchable team passion, will enable us to face the dynamic market challenges and continue building Algatech’s global presence.”

 

Meninger’s first strategic accomplishment was to nominate Boussiba, from The Blaustein Institute for Desert Research, Ben Gurion University of the Negev as Chief Scientist to the Board of Directors. Boussiba is said to be among the world’s leading scientists in microalgae biotechnology and the inventor of the technology used by Algatech for the AstaPure natural astaxanthin production.

 

“Boussiba’s nomination is important for our future success,” said Meninger. “Science is one of our company foundations and we aim to increase investment not only in innovation but also in new technologies, sustainable production and improved business models.”

 

Algatech is a biotechnology company specialising in the commercial cultivation of microalgae.