Arctic FIsh expects to harvest more than 15,000 gwt of salmon in the Westfjord region of Iceland this year.

Arctic Fish finance chief steps down


Neil Shiran Thorisson has resigned from his position as chief financial officer of Icelandic salmon farmer Arctic Fish, the company said in a market announcement today. He will remain available for the board and management of Arctic Fish for his resignation period of six months.

Arctic Fish said it would begin looking for a replacement.

“Neil, joined Arctic Fish in 2015 and has played an important part of developing this company to where we are today,” said Arctic Fish chief executive Stein Ove Tveiten. “I would like to thank Neil for his commitment and good cooperation and wish him well for the future.”

Thorisson said: “I am proud of my time with Arctic Fish and the growth it has experienced while I have been a member of the team. It has been a challenging but pleasurable journey and I will miss the working environment and the people I have worked with closely over the past years.”

Doubling harvest

Oslo-listed Arctic Fish, which is majority-owned by the world’s biggest salmon farmer, Mowi, expects to almost double its harvest this year, from 8,561 gutted weight tonnes in 2022 to 15,300 gwt.

Arctic Fish operates in the Westfjords region and has farming licences for 27,100 tonnes maximum allowed biomass, of which 5,300 tonnes relate to unutilised licences for rainbow trout that are in the process of being converted to salmon licences.

The group also has applications for an additional 4,800 tonnes of MAB for salmon.

A 51.28% stake in the company was sold for €181m to Mowi last year after European competition watchdogs ruled that the shares – previously held by Norway Royal Salmon (NRS) - had to change hands if a merger between fish farmers SalMar and NRS owner NTS went ahead.