SalMar ASA on Thursday announced that CEO Leif Inge Nordhammer is stepping down after 15 years at the helm.
The Norwegian farmed salmon company has already begun searching for a replacement, and Nordhammer will stay on board until his successor is in place.
SalMar Chairman Bjørn Flatgård commended Nordhammer for taking SalMar from a regional fish farmer to one of the world’s leading aquaculture companies.
“An uncompromising focus on the health and welfare of the company’s fish stocks has been a cornerstone of this growth,” said Flatgård. “Leif Inge has been at the forefront in ensuring that all SalMar’s employees live up to the company's standards in this area every day. This commitment has produced solid results, both strategically and operationally.”
Added Nordhammer, “After 15 years as chief executive I have therefore come to the conclusion that now is the right time to let someone else take the reins. SalMar’s position is extremely strong — operationally and financially. The company will be a dominant player in this growth industry for the years to come.”
Last year, SalMar harvested 77,500 metric tons (gutted weight) of salmon, generating gross operating revenues of NOK 2.3 billion and an operating profit before fair value adjustment of the biomass of NOK 585 million.
