Gustav Witzøe will take over as CEO of SalMar effective 21 October 2019. From this date the current CEO, Olav Andreas Ervik, will become managing director of the new subsidiary SalMar Ocean AS and responsible for the company’s ventures in ocean-based fish farming.

SalMar’s initiatives in ocean-based fish farming has to date been organised as a business area within SalMar and headed by Gustav Witzøe. These activities will now be transferred to a subsidiary which Ervik wanted to lead. 

Both Witzøe and Ervik emphasise that this change will ensure continuity in management and that it is a logical consequence of SalMar’s ambition to lead in the development of ocean-based fish farming.

The Board of Directors considers this a good foundation for the continued positive development of SalMar, both within ocean-based and conventional fish farming.

For further information, please contact:

Atle Eide, Chair of the Board in SalMar ASA
Telephone: +47 911 52 977

Gustav Witzøe, CEO in SalMar ASA
Telephone: +47 911 47 834

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act