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Cermaq Group Organisational Changes

by the Fish Site Editor
10 August 2007, at 1:00am

OSLO - The Board of Directors of Cermaq ASA has approved changes in the management structure of the Group. It has also appointed two new members to the Cermaq Central Management Team.

The structure of the main Cermaq group has not changed since 2002, yet in the past five years the groups has more than doubled its farming production and expaned interests into Norwegian fish farming. It also became a listed company in 2006, placing increased demand on central corporate functions.

To respond to the new challenges, Cermaq has decided to upgrade its management structure. It has also extended its management team with addition of two new members. A number of exisiting staff will also take new roles.

Tarald Sivertsen has been appointed as COO Mainstream Europe. Chief Legal Counsel Synne Homble will join the Group management reflecting a strengthening of the central staff functions.

Fernando Villaroel will replace Javier Herrera as Managing Director of Mainstream Canada. Javier Herrera will return to Chile and take position as production manager in Mainstream Chile.

Cermaq has also decided to divide its farming activities into two areas, Mainstream Europe and Mainstream Americas. This is a consequence of the rapidly increasing activities on farming, and the need to keep continuous operational focus. This was the basis of the groups project 'focus on core' launched nine months ago.

the Fish Site Editor