June 24, 2016

Cermaq welcomes new CEO

Cermaq has appointed Geir Molvik as its new CEO for the Group, in light of the resignation of Jon Hidar.

Hindar will leave his positions as CEO and board member of Cermaq Group AS on July 4, and hand over his role to Molvik (pictured, right).

"Jon has done an outstanding job as CEO for Cermaq under the ownership of Mitsubishi Corporation, and we therefore would have liked to see him continue in this position", Yu Sato, chairman of Cermaq Group AS, said.

"The almost five years as CEO for Cermaq have been an exciting and rewarding experience, but I have found that now is the right time for me to move on to new challenges in my working life", Hindar commented.

His successor, Molvik, has worked in different leaderships positions in Cermaq Group since 2005, and more recently as COO for Cermaq Norway. When Molvik takes on his new position, Snorre Jonassen will become Acting COO for Cermaq Norway until a permanent solution has been found. "The Board is pleased that Geir Molvik has accepted to take the helm of Cermaq Group. Geir has in-depth knowledge and experience about Cermaq and the salmon farming industry, and the Board is confident that he will lead the company in an excellent manner going forward", Sato added.