Cermaq ASA on Tuesday announced that Geir Isaksen is stepping down as CEO, effective 30 September.
Isaksen has been CEO of the Norwegian farmed salmon company since 1996, when then company was then named Statkorn Holding AS.
He has accepted the position of CEO of NSB Group, Norway’s largest transportation group; the company’s main activities comprise passenger traffic on trains and buses and freight traffic on railways.
Isaksen called leading Cermaq a “privilege” and said he’s leaving the company at a time when its operations are “sound at all levels.”
“It is now time to pass on the responsibility to other good forces that can further build the company based on this fundament,” he said. “Thus, I am excited to take on new challenges in the NSB Group.”
Cermaq Chairman Bård Mikkelsen added: “Mr. Isaksen has been responsible for the restructuring of the company’s operations from grain trading to aquaculture and the strategic development of Cermaq into a leading global company within farming of salmon and trout and production of fish feed. Under his leadership, Cermaq has grown to a throughout solid company, with a strong financial position, good performance and operations in all regions and a competent organization.”
Cermaq’s search for Isaksen’s replacement is already under way.
