CEO of World’s #2 Salmon Farming Company Resigns in Norway


Official Statement from – June 14, 2011

CEO of Cermaq ASA

The CEO of Cermaq ASA, Mr. Geir Isaksen, has today
accepted the position as CEO of NSB Group, Norway’s largest transport
group. Accordingly Mr. Isaksen will leave his position as CEO of Cermaq

The Board of Cermaq will immediately initiate the recruitment of a
new CEO. Mr. Geir Isaksen will continue as CEO of Cermaq until 30
September 2011.

Mr. Geir Isaksen has been CEO of Cermaq ASA (previously named
Statkorn Holding AS) since 1996. Chair of the Board, Mr. Bård Mikkelsen

– The Board regrets the resignation of Mr. Gir Isaksen, but
understands his decision and expresses its gratitude to Mr. Geir Isaksen
for his determined and dedicated efforts as CEO over a period of 15
years.  Mr. Isaksen has been responsible for the restructuring of the
company’s operations from grain trading to aquaculture, and the
strategic development of Cermaq into a leading global company within
farming of salmon and trout and production of fish feed. Under his
leadership, Cermaq has grown to a throughout solid company, with a
strong financial position, good performance and operations in all
regions, and a competent organization.

CEO Geir Isaksen states:

It has been a privilege to take part in building Cermaq to a
leading global player in the aquaculture industry. I choose to leave
Cermaq at a point in time when the operations and the organization are
sound at all levels, and the results are good. It is now time to pass on
the responsibility to other good forces that can further build the
company based on this fundament. Thus, I am excited to take on new
challenges in the NSB Group.

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About Damien Gillis

Damien Gillis is a Vancouver-based documentary filmmaker with a focus on environmental and social justice issues - especially relating to water, energy, and saving Canada's wild salmon - working with many environmental organizations in BC and around the world. He is the co-founder, along with Rafe Mair, of The Common Sense Canadian, and a board member of both the BC Environmental Network and the Haig-Brown Institute.