Interim Ceo Made Permanent At Grieg Seafood 

Credit: Osprojects/Shutterstock.com

Norwegian salmon farming institution Grieg Seafood has appointed interim main executive Nina Willumsen Grieg arsenic its imperishable CEO.  

Grieg had been working arsenic interim CEO since March pursuing Andreas Kvame’s departure aft a ten-year tenure.  

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Previously, she was nan location head for Grieg Seafood’s operations successful Norway, known arsenic Grieg Seafood Rogaland. 

The caller was reported coming (26 August) alongside nan merchandise of Grieg Seafood’s second-quarter results.

The institution reported its income gross for nan 4th roseate by 180% successful nan 4th to Nkr1.01bn.

Harvest measurement besides saw a important emergence of 219.3%, expanding from 2,771t GWT to 8,850t GWT. 

Second-quarter EBIT accrued from NKr28m to NKr33m. However, nan company’s profit earlier tax, while improved, remained successful nan red, pinch nan group reporting a pre-tax nonaccomplishment of NKr65m compared to 1 of NKr104m successful nan 2nd 4th of 2024.

First-half income gross accrued by 20.7% to Nkr1.94bn successful 2025 and harvest measurement roseate by 33.4%, from 12,196t GWT successful 2024 to 16,269t GWT successful 2025.  

Half-year EBIT was NKr9m, down from NKr169m a twelvemonth earlier. The underlying “operational EBIT” was stood astatine NKr291m, versus NKr368m successful nan first half of 2024.

Grieg Seafood posted a pre-tax nonaccomplishment of Nkr446m successful nan first half of this twelvemonth versus a pre-tax profit of NKr53m successful nan corresponding play of nan twelvemonth previous.

Commenting connected nan results, Willumsen Grieg said: “Grieg Seafood entered nan 2nd 4th of 2025 pinch a continued attraction connected executing our transformational journey, strengthening our equilibrium sheet, and positioning nan institution for long-term, sustainable profitability.” 

Last month, Grieg Seafood agreed to sell 3 salmon processing accommodation to Cermaq for Nkr10.2bn. 

The transaction included farming operations successful Finnmark, British Columbia, and Newfoundland, arsenic good arsenic associated income operations successful Canada, and a 50% liking successful Nordnorsk Smolt. 

The divestment is expected to “substantially” fortify Grieg Seafood’s financial position and is anticipated to complete successful Q4 2025, taxable to regulatory approvals. 

Willumsen Grieg said today: “Following nan transaction, Rogaland will stay nan cornerstone of our operations. The region continues to present industry-leading results, pinch unchangeable growth, precocious endurance rates, and disciplined costs control.”