It was recently announced that Benedikt Sveinsson and Mark Holyoake would be stepping down from the board of Iceland Seafood International. There are multiple people that are in line to potentially replace them that have had years of experience in the seafood industry. Sveinsson had been with the company for more than 4 decades in several different roles. He became the Chairman of the company in 2010 after becoming their Chief Executive Officer in 2006.

Mark Holyoake became the majority shareholder of International Seafood Holdings in 2010 after the British Seafood Group collapsed. International Seafood Holdings has been selling its shares in order to allow for the entry of other business entities. While Benedikt Sveinsson has mixed emotions about stepping down from the company, he believes that it is the right timing for him to leave his position of Chairman.

The seafood industry is going through a period of time that includes a lot of consolidation. Both Benedikt Sveinsson and Mark Holyoake see the company continuing to grow for many years even after their departures. Mark Holyoake stated that he has enjoyed every moment that he has spent working with the company since he made the purchase back in 2010. The people in the company were all fantastic and he saw it as a privilege to be able to work with them for as long as he did. While Mark Holyoake thanked the whole company and praised it for being such a strong company, he thanked Benedikt Sveinsson in particular for his decades of dedication to the business. As the chairman, he led by example and provided excellent wisdom and friendship.

Mark Holyoake is a British executive who is based in Ibiza. He entered the world of real estate in the 1990s after attending the University of Reading. In 2006, Mark Holyoake founded the company Oakvest which managed, developed, and purchased real estate in both the residential and commercial sectors. Recently, he began showing interest in expanding his real estate business into Portugal which would make it the first time that he has ever done this type of business in the country.

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Sam Boraie is a Vice President at Boraie Development, LLC, a company his father founded in the early 1970’s in New Brunswick, New Jersey. The company specializes in mixed-use real estate that incorporates retail space, offices, and residential units. They design and build towers, manage the properties, and engage in sales and marketing. In an article by PR Newswire, most of the buildings they have built are in downtown New Brunswick but the team at Boraie Development has also built towers in Atlantic City and Newark.

Part of the mission that Sam Boraie engages in at Boraie Development is the revitalization of downtown New Brunswick. When the company was founded, the city had a great deal of vacant and rundown properties. The company was started with the mission of making the area livable again, more details can be found on Bloomberg.com. ¬†They buy older and/or abandoned properties and then build towers that attract residents, retailers, and companies looking for office space. Sam Boraie’s specialty lies in scouting out new properties for the company to purchase as well as having a strong ability to market and sell units.

In addition to being an excellent businessman, Sam Boraie is also dedicated to philanthropy. He gives back to the New Brunswick community in a variety of ways. He has a seat on the Board of Trustees for the State Theater in New Brunswick, a historical theater that provides educational and recreational opportunities to residents in the area. Each summer they hold a free movies program which is financially sponsored by Sam Boraie. The movies are family friendly such as Frozen, The Lego Movie, Moana, and Storks. The program was designed to provide low-income families a way to enjoy movies together as well as help build rapport in the local community.

Another way that Sam Boraie gives back is serving on the Advisory Board of Elijah’s Promise. This nonprofit supplies food to the hungry in New Brunswick. It also provides job training to unemployed and low-income people, giving them the skills they need to enter the restaurant industry. Sam Boraie has also given money to Rutgers University and a Chair in Genomic Science was named after him.

Check out his Crunchbase profile for details.

See more: https://www.statetheatrenj.org/board-of-trustees