HOUSTON, Dec. 8, 2010 /PRNewswire-FirstCall/ -- Omega
Protein Corporation (NYSE: OME), the nation's leading producer of
Omega-3 fish oil and specialty fish meal products, today announced
that Bret D. Scholtes will become
Chief Financial Officer effective January 1,
2011. Mr. Scholtes currently serves as Omega Protein's
Senior Vice President – Corporate Development, a position he has
held since April 2010. From
2006 to April 2010, Mr. Scholtes
served as Vice President - Origination at GE Energy Financial
Services, a global energy investment firm. Prior to GE, Mr.
Scholtes held finance positions with two publically traded energy
companies. He also has five years of public accounting
experience. Mr. Scholtes holds a B.S. in Accounting from the
University of Missouri, and a M.B.A.
from New York University.
Omega Protein's current Chief Financial Officer, Robert W. Stockton, will retire on December 31, 2010. Mr. Stockton will
continue to consult with Omega Protein on financial and strategic
issues.
"As Omega Protein's CFO, Bob has done an excellent job and
provided the financial leadership that contributed to the Company's
strong record of operating performance, starting with the IPO
twelve years ago," stated Joe von
Rosenberg, the Company's Chairman of the Board, Chief
Executive Officer and President. "As Bob transitions into
retirement, he does so in a way that will allow Bret to inherit and
execute upon the strong infrastructure he has created. We are
very grateful to Bob for his years of service to Omega Protein and
look forward to working with him in his new role."
About Omega Protein
Omega Protein Corporation is the nation's largest manufacturer
of heart-healthy fish oils containing Omega-3 fatty acids for human
consumption, as well as specialty fish meals and fish oil used as
value-added ingredients in aquaculture, swine and other livestock
feeds. Omega Protein makes its products from menhaden, an
Omega-3 rich fish that is not utilized as seafood, but which is
abundantly available along the U.S. Gulf
of Mexico and Atlantic Coasts.
SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS: The
statements contained in this press release that are not historical
facts are forward-looking statements that involve a number of risks
and uncertainties. The actual results of future events
described in any of these forward-looking statements could differ
materially from those stated in the forward-looking statements.
Important factors that could cause actual results to be
materially different from those forward-looking statements
include, among others: (1) the Company's ability to meet its raw
material requirements through its annual menhaden harvest, which is
subject to fluctuations due to natural conditions over which the
Company has no control, such as varying fish population, fish oil
yields, adverse weather conditions and disease; (2) the impact of
worldwide supply and demand relationships on prices for the
Company's products; (3) Omega Protein's expectations regarding
demand and pricing for its products proving to be incorrect; (4)
fluctuations in the Company's quarterly operating results due
to the seasonality of the Company's business and its deferral of
inventory sales based on worldwide prices for competing products;
and (5) the impact of the uncertain economic conditions, both in
the United States and globally.
These and other factors are described in further detail in
Omega's filings with the Securities and Exchange Commission,
including its reports on Form 10-K, Form10-Q and Form 8-K.
The Company also posts its latest internally generated price
list for various products on its Company website,
www.omegaproteininc.com. Pricing and product availability
information disclosed in the price list are subject to change or
discontinuance without prior notice, and the Company undertakes no
obligation to update such information.
SOURCE Omega Protein Corporation