Specialty foods producer Vita Food Products has promoted its chief financial officer Clifford Bolen to the post of chief executive officer and president.

Bolen, who took up the post of CFO, will continue to fulfil the CFO’s duties until a replacement has been found, the maker of specialty food products said in a statement.

Stephen D. Rubin, a company founder, the company’s president since 1982 and a member of the Office of the Chief Executive since March 2006, will maintain his leadership role in the company by continuing as chairman of the board of directors.

Shares fell 2 cents to US$2.95 during morning trading on the American Stock Exchange.

The company sells specialty food products under the Vita brand name, including a variety of cuts of pickled herring in cream and wine based sauces, and lox and nova salmon. It also markets other complementary specialty food products, such as cream cheese with salmon, shrimp cocktail, horseradish, cocktail, tartar sauces and salad dressings.