Charles Høstlund today returned as chief executive of NRS almost seven months after standing down.

Høstlund back in charge at Norway Royal Salmon

The former chief executive of Norway Royal Salmon, Charles Høstlund, has been reappointed to the role on an interim basis, NRS said in a market announcement today.

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Høstlund led NRS from 2014 until September 2021, when he stepped down after salmon farming and shipping company NTS ASA acquired a majority stake in the company and announced plans to merge it with NTS subsidiary SalmoNor.

Klaus Hatlebrekke, who was appointed interim CEO last September, has returned to his former role of chief operating officer of business development.

Exciting to be back

Høstlund said: “I have accepted to lead NRS in an interim period, and it is exciting to be back with the company. I am looking forward to seeing many familiar faces the coming weeks.”  

The executive’s return follows a successful attempt by one of the world’s biggest salmon farmers, SalMar, to gain a majority stake in NTS. This in turn has led to the plans for a merger between NRS and SalmoNor to be put on ice.

Natural change

Hatlebrekke said: “It is natural to make a change now in this phase for the company. Charles and I have worked together for many years, and I look forward to continuing the collaboration.”

NRS owns 36,085 tonnes of allowed biomass for salmon farming located in Troms and Finnmark, Norway, and 21,800 tonnes for salmon farming and 5,300 tonnes for trout farming in Iceland through the company Arctic Fish.