Måsøval CEO resigns as owner considers sale

The news was stated in two stock exchange announcements yesterday afternoon.

Heimstø AS, which controls around 70% of the shares in Måsøval, has decided to initiate a strategic assessment of its ownership. The company emphasises that no decision has been made regarding a transaction, but that various alternatives will now be considered.

DNB Carnegie is engaged as financial advisor in the process.

If the assessment should result in a sale, Heimstø states that it is planned that other shareholders will also be given the opportunity to sell their shares on equal terms.

Resigning from position

At the same time, Måsøval announces that chief executive Helge Kvalvik has resigned from his position. He will continue in the role until June 30, 2026 to ensure an orderly transition.

"The board greatly appreciates Helge Kvalvik's efforts and valuable contributions to the development of Måsøval during his time as CEO," says chairman Lars Måsøval in the statement.

Kvalvik himself states that he wants new challenges after three years in the company.

Chairman Lars Måsøval has also announced that he may step in as CEO during a transitional period, if the board finds it appropriate.

Heimstø states that the market will be updated if the strategic assessment leads to new clarifications.

According to its report for the fourth quarter of 2025, Måsøval produced a record high harvest volume of 28,467 gutted weight tonnes last year, up from 25,015 gwt in 2024. However, operating profit fell from NOK 341.7 million (£26.4m) in 2024 to NOK 48.7m (£3.8m).

During Q4, the company increased capacity in treatment and harvesting facilities, strengthened preparedness and ensured operational control in a quarter marked by unusually high sea temperatures and elevated lice pressure.

It reported 16% higher net growth in sea during Q4, driven by lower mortality and improved fish welfare. Its superior share increased to 89% (Q4 2024: 87%) in the quarter.