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AquaBounty Technologies appoints David Melbourne as chief executive officer

June 7, 2024  By RAStech staff


David Melbourne. (Photo: AquaBounty)

AquaBounty Technologies, Inc., a land-based aquaculture company, has promoted David F. Melbourne Jr. to the position of chief executive officer. 

Sylvia Wulf who will continue as the non-executive board chair of AquaBounty’s board of directors said this move is part of the company’s long-term succession plan for the leadership team. It began with his promotion from chief commercial officer to president in August 2023. 

“Over the last year, Dave has led day-to-day business functions for the company. The board recognizes the outstanding contributions and leadership he has provided over the last year, including his role in the efficient shutdown of our Indiana farm,” said Wulf. 

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“With his promotion, he will take on the additional responsibilities for the business including leading our pursuit of a range of financing and strategic alternatives, as well as investor relations and strategic initiatives to achieve AquaBounty’s growth plans,” she added. 

Wulf said Melbourne is a “transformational leader” and she is confident in his ability to lead the company at this critical time.

“I am excited for the opportunity to lead the incredible AquaBounty team as its chief executive officer, and together, deliver the financing required to stabilize the business in the short-term, and put in place the strategic imperatives to achieve our longer-term growth plans to benefit our company and stockholders,” said Melbourne. 

Melbourne said his top priority will be to secure the required financing to maintain liquidity and support current operations. He said the company will prioritize completing the sale of the Indiana farm and work on identifying and finalizing financing and strategic alternatives.

“We have made great progress over the last five years across all areas of our business…AquaBounty has a bright future, all supported by a strong, experienced and committed team. Together, we will face the challenges and look forward to driving continued progress,” Melbourne said.


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