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Offshore salmon farming pioneer names new CEO

The Fish Site
by The Fish Site
5 January 2022, at 9:42am

Offshore salmon farming pioneer SalMar Aker Ocean has hired Roy Reite as CEO.

The company, was established by SalMar and Aker in mid-November 2021, and the owners plan to produce 150,000 tonnes of salmon annually in a sustainable manner in offshore fish farms by the end of 2030. The company has already completed two successful production cycles with the production facility Ocean Farm 1 in an exposed area outside Trøndelag. The experiences from this are now being built into a new and larger version, Ocean Farm 2, which is under development. The company has also applied to the authorities for permission to place the world's first clean offshore fish farm, called Smart Fish Farm, approximately 50 nautical miles west of Frøya, off Central Norway.

Salmar's Ocean Farm 1 has show promising results
Salmar's Ocean Farm 1 has show promising results

© SalMar Aker Ocean

“Roy Reite has valuable international experience from industrial construction and Norwegian finance, and he has in-depth knowledge of coastal culture. It provides insights that are important and necessary to realise SalMar Aker Ocean's ambitions. Reite has for many years worked with large construction projects in the maritime sector and offshore, he has for the past three years led the seafood company Fjordlaks,” said Atle Eide, chairman of SalMar Aker Ocean in a press release.

For 20 years, Reite was a key leader in Aker Yards and CEO of what is now the shipyard group Vard. He has considerable experience of leading both listed and unlisted companies, and he has contributed to building a business with more than 10,000 employees and NOK 12 billion in annual turnover. In 2019, he was hired as general manager of Fjordlaks.

“In SalMar Aker Ocean, I see a company with significant growth potential, and that motivates me strongly. The company has determined, knowledgeable and capital-strong owners in combination with skilled employees and concrete plans to create a new, Norwegian industrial adventure with international ambitions, and the foundation for it all is the belief in - and the need for - sustainable production of healthy seafood,” said Reite.