Guardion Health Sciences, Inc. (GHSI)surged 23.08% to $0.388 in the premarket session following a specialty health sciences companyGHSI, announced that it had named Bret Scholtes, a culinary veteran for nearly a decade, as its President and Chief Executive Officer. He will also join its Board of Directors.
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Mr. Scholtes served as CEO of Omega Protein since 2009, a global nutritional products company listed on the New York Stock Exchange until a strategic buyer successfully acquired it in late 2017.
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Omega employed more than 1,100 employees in their branded and private label ingredient businesses. For his tenure at Omega, the company’s annual revenues increased by approximately 55%, the EBITDA increased by more than 70%, and its stock price increased by about 260%.
Scholtes introduced more than 40 new products and successfully expanded into several new markets by acquiring four companies with complementary product lines, adding approximately $125 million to revenues.Before joining Omega Capital, Mr. Scholtes was Vice President, Origination at GE Energy Financial Services, where he co-developed acquisitions with a value of more than $4 billion.A graduate of New York University and the University of Missouri and a Certified Public Accountant, Mr. Scholtes has held several accounting, development, and tax positions, including a residency at Price Waterhouse.