A SCOTTISH biotech business has announced that two former executive directors of Robert Wiseman Dairies plc have been appointed to the company’s board.

Joining Scot Bio are Martyn Mulcahy and David Dobbins. They held positions of group operations director and group commercial director respectively on the board of the stock market listed dairy business before its sale to Müller.

Also joining the board of the Glasgow biotech firm is Nick Trott, former finance director of Sorbon Investments.

Sorbon Investments, which is owned by Michael Shanly, was a significant investor in Scot Bio’s recent £2 million funding round which also included investment syndicate Kelvin Capital, Investing Women, Oghma Partners and private investors from the UK and USA.

Both Mulcahy and Dobbins are also early stage investors in Scot Bio along with Robert Wiseman, the former chief executive of Robert Wiseman Dairies plc.

Based in BioCity Glasgow, the biotech incubator located just outside the city, Scot Bio has developed a patented process to respond to demand for products free of artificial colours by providing natural blue and green colourants derived from algae.

Scot Bio chairman Tom Craig said “The new appointments to the board bring unrivalled skills and experience in building businesses in the food sector. Scot Bio is at an extremely exciting stage with patented IP, significant new investment and an exceptional team of scientists behind it. With the guidance of our outstanding board we are looking confidently to the future.”

Polly Van Alstyne, chief operating officer at Scot Bio said. “Scot Bio’s ambition is to be the world leader in the production of phycocyanin and other functional food ingredients. Our enlarged board will undoubtedly bring us closer to realising our ambition.

“Our new directors have built one of the most successful food sector businesses in recent years and we will be working with them to make Scot Bio another success story.”

Martyn Mulcahy said: “It’s exciting to be part of this outstanding team, building this truly innovative business that is Scot Bio.”