Cermaq ASA : Mr. Kjell Bjordal steps down as COO for Cermaq's feed division from 15 February 2013, Dr. Einar Wathne to be appointed as acting COO Mr. Kjell Bjordal will step down 15 February 2013 as Chief Operating Officer (COO) in Cermaq's feed division EWOS. Deputy COO, Dr. Einar Wathne, will be appointed as acting COO from the same date. A recruitment process for a new COO will now be initiated. - We have known for some time that Kjell Bjordal intended to step down when he turns 60 years in 2013, and I fully understand his wish to make this change in February when the 2012 results are finalised, says CEO Jon Hindar. - The revenue has increased more than tenfold and the operating result has developed even stronger during the more than 13 years that Kjell Bjordal had led what is now Cermaq's feed division. EWOS has become the global leader in the salmon feed marked. This is an achievement that deserves the highest respect, and I will thank Kjell for his significant contribution to Cermaq, underlines Hindar. - It has been a privilege to lead EWOS forward to its current position. The organisation is well equipped to take on the next step towards a new set of milestones. It is therefore with a good feeling I'm handing over responsibilities when the 2012 results are presented in February, says COO Kjell Bjordal. Dr. Wathne has had various leadership positions in EWOS since 1993 and has played a key role in the successful development of EWOS. Further information - please contact: CEO Jon Hindar Phone: +47 23 68 50 11; mobile +4797 74 88 29 Corporate Affairs Director Lise Bergan Phone: +47 23 68 50 30; mobile +47 93 25 11 14 About Cermaq - Cermaq is an international group of companies with activities in fish farming, production of salmonid feed and research in aquaculture. Cermaq has operations in Norway, Chile, Canada, and Scotland, the main geographic regions for salmon and trout farming, and in Vietnam. Through its business unit EWOS, Cermaq is one of the worlds largest suppliers of feed and nutrition for farmed fish and the global market leader in salmon feed with a turnover of 9.3 billion(2011). The business unit Mainstream is one of the world's leading farming companies of salmon and trout. The group had sales of around NOK 11.6 billion in 2011. Cermaq is listed on the Oslo stock exchange with ticker code CEQ. www.cermaq.com ------------------------------------------------------------------------------ This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Cermaq ASA via Thomson Reuters ONE HUG#1666590
Cermaq ASA : Mr. Kjell Bjordal steps down as COO for Cermaq's feed division from 15 February 2013, Dr. Einar Wathne to be
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