Fish Farmer

SalMar owner takes over as CEO

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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.

 ??  ?? Above: Harald T. Nesvik
Above: Harald T. Nesvik

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