Salmon Evolution's new CFO Håkon Andrè Berg, left, with chief executive Odd Tore Finnøy. Photo: Salmon Evolution.

On-land salmon farmer recruits finance chief

Salmon Evolution, which plans to build Europe’s largest on-land salmon farm in an island in northern Norway, has appointed an experienced chief financial officer, completing its executive recruitment.

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Håkon Andrè Berg was a partner in and one of the founders of Broodstock Capital and has boardroom experience from a number of companies within ocean-based industries in western Norway, the company said in a press release.

“We’re very pleased that Berg has agreed to join us in our further progress,” said Salmon Evoltion’s chief executive Odd Tore Finnøy. “He is an experienced executive with strong economic and financial experience and understanding.”

Need for capital

Finnøy said the new CFO will play a key role in meeting the company’s future needs for capitalisation and building relations with long-term financial partners and investors. Much still had to fall into place in constructing Norway’s first-ever full-scale grow-out fish farm of this size in terms of biological and technological aspects, a circular economy and commercialisation.

“So, it’s reassuring to report that we have recruited Berg,” Finnøy said. “He has substantial industrial and financial experience and expertise after many years of working in various industrial companies, and solid management experience with strategy and business development.”

Salmon Evolution’s proposed NOK3 billion facility on an island in the Møre og Romsdal region will have a maximum standing biomass of 13,300 tonnes and an annual salmon output of 28,800 tonnes.

The site is partly a quarry and undeveloped land zoned for commercial development.