SalMar to appoint new chair as Atle Eide steps down

Kverva, Norway-headquartered salmon producer SalMar ASA has confirmed that Atle Eide has decided to not reapply for reelection as chairman of the board, and that the company’s nomination committee has recommended former CEO Leif Inge Nordhammer as his replacement.

“After a thorough assessment, the committee has come to a recommendation where Leif Inge Nordhammer replaces Atle Eide as chairman of the board,” Bjørn Wiggen, the nomination committee’s chairman, said.

Nordhammer, who has worked in the aquaculture industry since 1985, was previously CEO in SalMar from 1996 to 2016, with a hiatus from 2011 to 2014. His former companies include Sparebank 1 Midt-Norge, E. Boneng & Sønn, Frøya Holding AS, and Hydro Seafood AS.

He currently works for his investment company LIN AS and is board member of Kverva AS.

Nordhammer has been a board member of SalMar since June 2020.

Meanwhile, Magnus Dybvad has been nominated as a new board member, as a representative of majority owner Kverva. Dybvad has been employed by Kverva since 2010, and is currently investment director in the company.

The nomination committee has also recommended the reelection of Margrethe Hauge, the deputy chairman of the board. The other shareholder-elected members – Tonje E. Foss and Linda Litlekalsøy Aase – are not up for election.

The nomination committee's recommendation will be up for approval at the annual general meeting of Salmar ASA, which will be held on 8 June, 2021.

The producer harvested 36,900 metric tons (MT) of head-on gutted (HOG) salmon in the first quarter of this year with both Norwegian and Icelandic operations reporting lower volumes.

Its farms in the north of Norway harvested 13,500 MT, while its facilities in central Norway supplied 20,800 MT. Its subsidiary Icelandic Salmon harvested 2,500 MT in the quarter.

SalMar’s full report for Q1 2021 will be released on 12 May.

The company has forecast a 2021 salmon harvest of 163,000 MT for Norway and 14,000 MT in Iceland. It also co-owns Scottish Sea Farms.

Photos courtesy of SalMar


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