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Marine Harvest CEO Steps Down

NORWAY - The Board of Directors of Marine Harvest ASA and se Aulie Michelet have reached agreement that Ms Michelet will step down as CEO effective March 23 2010. A process to identify her successor has been initiated.

Thomas Farstad, Director of Group Operations Canada, Scotland and Others, will be acting CEO until a permanent CEO is in place. Mr Farstad has been a member of the General Management Team of Marine Harvest since the Group's inception in 2007. Prior to this Mr Farstad held various positions in the group management of Fjord Seafood.

Ms Michelet was instated as CEO of Marine Harvest in March 2008. During her term as CEO, Ms Michelet has with her strong inspirational energy made a solid contribution to the development of the Group, and particularly to the unification of the three former companies which created Marine Harvest. Her effort and effectiveness in handling the challenging situation in Chile has been of special importance.

Chairman of the Board, Ole-Eirik Lerøy, says in a statement: "I would like to thank Åse Aulie Michelet for her important contribution to Marine Harvest over these two years. She leaves a Company which is highly profitable and in a significantly stronger financial position than it was when she took over two years ago. Marine Harvest is the market leader in a growth industry and has a solid basis for strong long-term profitability, The Board of Marine Harvest wishes Åse Aulie Michelet all the best in her new endeavours."

the Fish Site Editor

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