SalMar - Leif Inge Nordhammer appointed new CEO
Leif Inge Nordhammer has agreed to become Salmar's new CEO with effect from 20
January 2014. Nordhammer previously served as SalMar's CEO for a period of 15
years until he stepped down in 2011.
After a three-year break from operational management, Leif Inge Nordhammer has
agreed to return to the top slot at SalMar. During Nordhammer's previous tenure
as CEO, from 1996 until 2011, SalMar developed from a regional fish-farming
operation into a leading international enterprise. This period of growth was
characterised by strong results, both operationally and financially. The company
has continued to build on this foundation over the past three years.
Bjørn Flatgård, who chairs SalMar's board of directors, said he was delighted to
have concluded the search for Yngve Myhre's successor as chief executive so
quickly and so satisfactorily.
"I am extremely happy with Leif Inge Nordhammer's appointment. We are fortunate
in having maintained close ties with him over the past few years. And when we
started looking for a new CEO it was perfectly natural that we should approach
Leif Inge first. SalMar has a very strong position operationally, strategically
and financially, and I am convinced that under Leif Inge's leadership the Group
will exploit this potential in the time ahead," said Bjørn Flatgård. The
company's Board Chair also pointed out that the appointment reinforces SalMar's
bonds in the region; its headquarters are in the Frøya district of South
Trøndelag.
During Nordhammer's previous term as CEO, SalMar was known for its strong
biological focus. This was also the foundation of the substantial growth it
achieved during the period. It gave the company a competitive advantage and
contributed strongly to its good results.
"SalMar has always played a key role in my life, as a shareholder, senior
executive and, most recently, as a member of the board of Kverva AS, SalMar's
majority shareholder. When I was approached about taking over as CEO again, and
at the same time felt that the energy and the desire to step back into the role
had returned, I didn't need much time to mull over my decision," said
Nordhammer. "I know the company, its employees and management, as well as its
largest shareholder. I know the company's strengths and have some thoughts about
what can be improved. I know what I am taking on, and am looking forward to
getting started."
In connection with his appointment, Nordhammer will resign his directorships in
associated companies, such as Måsøval Eiendom and Aqualine.
At the time he takes up his appointment, Leif Inge Nordhammer owns, directly or
indirectly, 2,007,928 shares in SalMar ASA.
For further information please contact:
Board Chair Bjørn Flatgård
SalMar ASA
+ 47 901 49 803
Web: www.salmar.no
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
[HUG#1754154]