Mark Holyoake Steps Down From Iceland Seafood International’s Board

 

Mark Holyoake owns Oakvest Holdings. He ventured into the food sector private equity and commercial and residential property investments in the 1990s.

Holyoake focused on developing an expansive selection of businesses in the commercial and residential property after acquiring a business degree from the University of Reading in 1995. Mark has vast experience in the seafood industry in the world and managed and owned several seafood firms in the world. Holyoake is a husband and a father to three daughters.

His idea of establishing Oakvest Holdings originated from the acquisition of the entire share capital of a leading seafood company in Iceland known as Iceland Seafood International. International Seafood Holdings was the acquisition vehicle that agreed in 2010 to purchase the seafood firm. Holyoake points out that the transaction happened at a difficult period in the country when it was rebuilding itself after the economic issues and collapse of the banking sector. Foreign investments were limited at that time, and the conditions locally were harsh. However, Mark, through his acquisition vehicle believed in the Iceland Seafood International, and it has not disappointed because it has grown and generated profits over the last nine years.

Holyoake notes that he gives other people responsibility, which has helped him to grow his business. He further notes that most entrepreneurs often do everything on their own without delegating some duties, which overwhelms them and causes business failure. Mark Holyoake encourages other entrepreneurs to trust people they believe can deliver excellent results. Holyoake, like other entrepreneurs, has lost in business. But he looks at his business failures as a lesson that he uses to earn long-term success.

 

About Holyoake

Mark is set to step down from ISI’s board. Benedikt Sveinsson, the former chief executive officer of Iceland Seafood International (ISI), is also set to step down from the board. Benedikt has been part of ISI for more than four decades, serving in various leadership positions. Mark Holyoake has been on the company’s main board since 2010.

In a recent article with Iceland Monitor entitled “British Investor Mark Holyoake Withdraws From Iceland Seafood”, talks about British investor Mark Holyoake stepped down from the board of Iceland Seafood International earlier this month. He says that the timing is right to withdraw from the board, despite the fact that he will continue to hold a large share in ISI.

 

See also: https://www.undercurrentnews.com/2018/11/05/holyoake-share-sale-sees-brim-parent-enter-iceland-seafood-backer-group/

 

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