Industry update News Management
Salmon Evolution names new chair

Just days following an announcement that it had raised some $24 million for its land-based fish farm, Salmon Evolution has named a new chair for the company.

During its annual general meeting on March 27th, Tore A. Tønseth, investment vice-president of Ronja Capital, was elected as new chair of Salmon Evolution. Ronja Capital is the largest shareholder of Norway-based Salmon Evolution.

Three days earlier shareholders and new industrial owners of the company injected some NOK 258 million into Salmon Evolutions’s major land-based fish farm project. The company produces 36,000 tons of salmon per year.

“I’m enthusiastic at taking over as chair and to acquiring the opportunity to get involved in the further development of a very good concept in collaboration with the rest of the board and the management of Salmon Evolution,” Tønseth was quoted as saying in a company press release. “Kicking off the construction project and further financing of this stage represent one of the big milestones in the time ahead.”

In addition to Tønseth, Peder Stette, Frode Kjølås and Glen Bradley were re-elected as directors while former chair Kristofer Reiten was also elected to serve as a director.

Håkon Andrè Berg, the company’s chief financial officer, has been named acting chief excutive officer after Odd Tore Finnøy – who has led the company up to the start of construction – opted to after consultations with the board.

In his capacity as the former chair, Reiten thanked Finnøy for the solid job he has done as CEO.