Grieg Seafood has announced that Andreas Kvame will step down as CEO of the Norway-based business after serving a successful tenure of ten years.
In a statement, Kvame confirmed his decision after discussions with the publicly-listed group’s board. Consequently, Nina Willumsen Grieg will assume the role of interim CEO while the search for a permanent replacement commences.
Currently, Grieg is the regional director overseeing the company’s operations in Norway, specifically Grieg Seafood Rogaland.
Kvame will remain with the company throughout the transition period until a new CEO is appointed.
Paal Espen Johnsen, Grieg Seafood’s new board chair, reflected on Kvame’s departure, stating, “During his time as CEO, he has set the agenda for and executed the successful post-smolt strategy.”
Johnsen emphasized, “He has played an instrumental role in developing Grieg Seafood into an international fish-farming company with integrated operations. The strategic direction for the company remains firm.”
In a related change, Per Grieg Jr. has stepped down as board chair and has been succeeded by Johnsen, who served as vice chair, until the upcoming general meeting.
Meanwhile, Grieg Jr. will take on a regular board seat in accordance with the company’s commitment to “good corporate governance” following Kvame’s departure.
Kvame expressed his gratitude, stating, “It has been a true privilege to lead Grieg Seafood for more than ten years, and I want to thank all of my colleagues for their efforts.”
He highlighted that a key focus during his tenure was the enhancement of post-smolt production, a strategy he believes is crucial to the future of the salmon farming industry.
Kvame also referred to the “transformation programme” launched by Grieg Seafood, which, according to him, has “stabilised” the business financially.
The statement revealed that this programme, initiated in February, aims to “transform Grieg Seafood into a focused Norwegian seafood producer, concentrating on core operations in Rogaland and Finnmark.” Furthermore, the company is positioning itself for a return to profitability and long-term sustainable growth in its home market.