Stein Ove Tveiten, outgoing CEO of Arctic Fish.
Photo: AKVA
Arctic Fish, a leading salmon farming company in Iceland's Westfjords, has announced that its CEO Stein Ove Tveiten has decided to step down after seven years with the company.
"Serving as CEO of Arctic Fish has been an incredible journey. Over the past seven years, I've had the privilege of working with a fantastic team and witnessing rapid and substantial growth for both the company and the industry as a whole. It has been an honor to serve in this role, and I believe Arctic Fish and Iceland are uniquely positioned for continued growth and sustainable development," Tveiten said in a press release.
"Stein Ove has dedicated a lot of efforts and time into Arctic Fish and is handing over a company with solid volume development and great future growth projections. We are highly appreciative of his contribution," said chairman of the board, Øyvind Oaland.
Arctic Fish's board of directors have indicated they will now begin the recruitment process for a new CEO. Tveiten will continue to serve as CEO until a successor is appointed to ensure a smooth transition, the company said.
Based in Iceland's remote Westfjords, Arctic Fish has a production capacity of 29,800 tonnes MAB (Maximum Allowed Biomass) and includes licenses covering 11 farming areas in 6 different fjords.
According to the company, its value chain "consists of a state-of-the-art RAS hatchery and smolt production facility, attractive sea sites with high bearing capacity and high-energy equipment, and a newly completed harvesting facility with sufficient capacity to secure the utilization of the licenses and growth objectives for the company."
