NIREUS, a company that boasts the the highest position in the fish-farming sector in terms of volume – production, sales, operational and net profit, have undertook a set of new objectives, including:
- participation and more intensive supervision of the development and implementation of the strategy and the investment plan of MARINE FARMS
- conducting a strategic review of the businesses of the company
- restructuring and expansion of the Board of Directors
The new objectives gained consent among the major shareholders who submitted a proposal to Annual General Assembly on the 28th of May 2009.
In the above General Assembly, NIREUS’ proposal was adopted with an overwhelming majority of shareholders’ votes. Therefore, NIREUS is represented on the new Board of Directors of MARINE FARMS ASA, that is composed of seven members, by two regular members and one alternate member.
More specifically, NIREUS is represented by Mr Dimitris Loumpounis , who is an Executive Member of NIREUS' Board and Ms. Tone Bjornov, who is a Norwegian citizen with significant management experience on the financial sector. Additionally, Mr. Vasilis Theofanopoulos, NIREUS' Director of Strategy, M&A and Corporate Development, was elected as an alternate member for Mr. Dimitris Loumpounis.
Finally, Dr. Panayotis Alexakis, Executive Vice Chairman of the Board of Directors of NIREUS was also elected on the newly instituted three-member Nomination Committee of MARINE FARMS, a corporate body prescribed in the Norwegian Code of Practice for Corporate Governance with a main task of submitting proposals to the General Assembly for the election of the Board members.
NIREUS says that the election of the new Board in MARINE FARMS will be a catalyst for the further improvement of its business performance and its value to to the benefit of its clients, employees and stakeholders.