December 9, 2022

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Gustav Wetzwe resigns as CEO of Salmar

Gustav Wetzwe resigns as CEO of Salmar

Gustav Wetzwe (68) is the man who started with a license to grow salmon from a bankrupt estate, and has now founded one of the largest salmon companies in the world. Salmar, most of which is still owned by the Witzøe family, is currently valued at NOK 76.5 billion on the Oslo Stock Exchange.

It hasn’t been more than two and a half years Gustav Witzøe took over as CEO of Salmar and announced billions in investments along the Norwegian coast.

Now he gives up.

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In a statement on Tuesday, Salmar announced that Weitzwe would be resigning as CEO. Linda Littlecalsoy Asy (55), who is Executive Vice President and responsible for Aker Solutions’ Electricity, Maintenance and Modifications business area, is moving in.

She is a board member of Salmar since June 2020.

“I am humble and have great respect for the wonderful work of Gustav Weitzwe and his 1,800 skilled staff, and I look forward to leading the Salmar team even more,” says Asi in a letter.

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Gustav Witzøe says the following:

– I am very proud of what Salmar has become. We are a unique team of skilled employees across the company. We have important partners between owners, in the private business sector, in academia and among the authorities who share our ambitions in the Norwegian aquaculture industry. I look forward to the idea of ​​everything we’re still creating and that Linda has taken on the task as team leader.

Should work with NTS

Wittzwe “said he would be willing” to run for board membership in Salmar.

According to Chairman Leif-Inge Nordhammer, Salmar will continue to use Witzøes’ expertise and experience. Among other things, Witzøe will contribute to the process around NTS aquaculture, according to Nordhammer.

NTS has been in operation for several weeks, as a group of Mowi families controlled by Rørvik and John Fredriksen wanted to buy the company. In the end, it was Salmar from Witzøe who pulled the longest straw. Salmar now controls 50 percent of the shares in NTS.(Terms)Copyright Dagens Næringsliv AS and/or our suppliers. We would like you to share our cases using a link that leads directly to our pages. All or part of the Content may not be copied or otherwise used with written permission or as permitted by law. For additional terms look here.