Guðmundur Kristjánsson resigns as CEO of Brim

Published on
April 30, 2020

Guðmundur Kristjánsson, the CEO of Reykjavik, Iceland-based Brim, has resigned his position.

The announcement was made by the company on 30 April, with Brim saying Kristjánsson “decided to retire as CEO.”

Brim Board Chairman Kristján Þ. Davíðsson, “has thus taken up the duties and duties of the CEO temporarily and will do so until a new CEO has been appointed,” the company said.

Davíðsson, who served a previous term as board chairman, has more than 30 years’ experience in fisheries and finance in Iceland and overseas. He is also currently owner and CEO of investment companies ISDER ehf. and Vidskiptathroun ehf., and a board member at Icelandic seafood processing technology company Valka. His career has also included being Iceland’s representative for the North Atlantic Seafood Forum (NASF), managing director of the Icelandic Aquaculture Business Association, and board member of Icelandic bank Landsbankinn hf. 

Guðmundur will retain his seat on the company’s board of directors, a position to which he was reelected in a 31 March shareholders meeting. 

Brim was formerly HB Grandi – the company changed its name in August 2019 – had sales of approximately USD 250 million in 2019, with 150,000 metric tons of total catch, and it employs 800 people, according to an interview of Kristjánsson by WBUR.

The company reported slower fishing earlier this season, but its efforts have picked up in April, with recent trips netting hundreds of tons of blue whiting, redfish, cod, saithe, and haddock.

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