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OptiBiotix names probiotics veteran as CEO of ProBiotix Health

"We are delighted that Stephen has joined ProBiotix Health at such an exciting stage of its development and hope that under his leadership it can grow to become a substantive and valuable business in the years ahead," said Stephen O'Hara, the CEO of OptiBiotix

Heart doctor
ProBiotix is looking to penetrate the US probiotic supplement, food and dairy markets

OptiBiotix Health PLC (LON:OPTI) has appointed Stephen Prescott as chief executive officer (CEO) of its wholly-owned subsidiary, ProBiotix Health.

Prescott, who will be based in the USA, was previously vice president of Marketing and Applications at Probi AB, a Swedish probiotic company that had annualised sales of 604mln Swedish krona in 2018.

WATCH: OptiBiotix appoints US-based chief executive for ProBiotix Health

Prior to joining Probi, he spent four years as a global probiotic product manager at Dupont, the US conglomerate that merged with Dow Chemical in 2015.

ProBiotix is OptiBiotix’s division that is focused on the development of probiotics - healthy bacteria - to reduce cardiovascular risk.

"Stephen's experience and track record of growing probiotic sales in international markets bring specialist commercial and industry expertise to OptiBiotix's wholly- owned probiotic subsidiary, ProBiotix Health Ltd,” said Stephen O'Hara, the chief executive officer of OptiBiotix.

“His network of contacts provides access to international markets which we hope will continue to drive revenue growth of LPLDL in supplement, food, and pharmaceutical products around the world,” he added.

Quick facts: OptiBiotix Health PLC

Price: 61 GBX

AIM:OPTI
Market: AIM
Market Cap: £53.64 m
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