Mowi appoints new Americas chief

Published on
October 26, 2020

Bergen, Norway-headquartered Mowi has announced the appointment of Fernando Villarroel as its chief operating officer for its Farming Americas division.

Villarroel is managing director of Mowi Chile and has held a variety of executive positions in the fish-farming industry, including as managing director of Cermaq Canada for 10 years. He holds a degree in auditing and management from the Universidad Austral of Chile.

“I am very pleased that Fernando has accepted this challenge. He is a very experienced farmer with 20 years’ experience from various key positions in the salmon industry. Fernando and his team have delivered stellar biological figures in Mowi Chile after he took the reins in 2017,” Mowi CEO Ivan Vindheim said.

Further to this appointment, Mowi Faroes will be organized under COO Farming Scotland and Ireland.

With effect from 26 October, Mowi’s group management team consists of: CEO Ivan Vindheim; CFO Kristian Ellingsen; COO of Farming Norway Øyvind Oaland; COO of Farming Scotland, Ireland, and the Faroes Ben Hadfield; COO of Farming Americas Fernando Villarroel; COO of Sales and Marketing Ola Brattvoll; COO of Feed Atle Kvist; Chief Technology Officer and Chief Sustainability Officer Catarina Martins; and Chief HR Officer Anne Lorgen Riise.

According to the group’s most recent trading update, its third-quarter 2020 salmon harvest amounted to 126,000 metric tons (MT), a volume increase of 9,000 MT year-on-year. Of this total, the Norwegian contributed 76,500 MT, Chile harvested 16,500 MT, Scotland 16,000 MT, Canada 12,000 MT, Ireland 3,000 MT, and the Faroe Islands 2,000 MT.

In the three-month period, its salmon of Norwegian, Scottish and Chilean origin achieved operational earnings before interest and taxes (EBITs) of EUR 0.85 (USD 1.00), EUR 0.35 (USD 0.41), and EUR 0.55 (USD 0.65) per kilogram, respectively, with its salmon of Canadian origin representing a EUR 0.55 (USD 0.65) loss. In the same period, the operational EBITs of its salmon from Irish and Faroese origin amounted to EUR 1.85 (USD 2.19) and EUR 1.30 (USD 1.54).  

Contributing Editor reporting from London, UK

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