Since 2019, Sivertsen has had the role of financial consultant for Norcod.
Norcod has appointed Trym Are Sivertsen as interim CFO after Arne Kristian Hoset decided a couple of months ago to step down as CFO of the Norwegian farmed cod producer.
Since 2019, Sivertsen has had the role of financial consultant for Norcod and dealt with the company's financial management. At the same time, Norcod confirmed it has initiated a search for Hoset's permanent successor.
Regarding this announcement, CEO Christian Riber said: "To realize Norcod's strategy and secure profitability, we are excited to appoint Trym Are Sivertsen as our interim CFO. Trym has strong connections to Norcod after several years of diligent service for the company."
On the other hand, with Hoset leading its finances, Norcod has achieved great results. Q4 2023 data, for example, reported a 61% increase in revenue during Q4 2023 and a 58% increase in earnings for the full year.
"I would like to thank Arne Kristian for his valuable contribution to Norcod's development. His expertise has played a crucial role in improving the financial position of the company. We wish Arne Kristian all the best in his future endeavors," added Riber.
In 2024, the company has obtained a permanent permit to expand the harvesting capacity of its subsidiary Kråkøy and signed a new contract with a leading Chinese distribution company.
