SalMar owner takes over as CEO
GUSTAV Witzøe, the billionaire owner of Norwegian salmon farming giant SalMar, took over as CEO of the company as part of a major restructuring last month. SalMar jointly owns Scottish Sea Farms with Lerøy Seafood.
The current CEO, Olav Andreas Ervik, will become managing director of a new subsidiary called Sal
Mar Ocean, and will be responsible for the company’s ventures in ocean based fish farming. A statement said: ‘SalMar’s initiatives in ocean based fish farming have to date been organised as a business area within SalMar and headed by Gustav
Witzøe. These activities will now be transferred to a subsidiary which Ervik wanted to lead.’
The change will ensure continuity in management, Wtzøe said.
‘By establishing SalMar Ocean, SalMar makes another move to strengthen its leading position in the development of ocean based fish farming.’ The group has released a new generation of fish in its offshore cage Ocean Farm 1. Meanwhile, the subsidiary MariCulture is finalising the design phase of a larger and more advanced offshore cage, Smart Fish Farm, Both these businesses now become part of
SalMar Ocean.