Norwegian salmon farming company Grieg Seafood has appointed interim chief executive Nina Willumsen Grieg as its permanent CEO.
Grieg had been working as interim CEO since March following Andreas Kvame’s departure after a ten-year tenure.
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Previously, she was the regional director for Grieg Seafood’s operations in Norway, known as Grieg Seafood Rogaland.
The new was reported today (26 August) alongside the release of Grieg Seafood’s second-quarter results.
The company reported its sales revenue for the quarter rose by 180% in the quarter to Nkr1.01bn.
Harvest volume also saw a substantial rise of 219.3%, increasing from 2,771t GWT to 8,850t GWT.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataSecond-quarter EBIT increased from NKr28m to NKr33m. However, the company’s profit before tax, while improved, remained in the red, with the group reporting a pre-tax loss of NKr65m compared to one of NKr104m in the second quarter of 2024.
First-half sales revenue increased by 20.7% to Nkr1.94bn in 2025 and harvest volume rose by 33.4%, from 12,196t GWT in 2024 to 16,269t GWT in 2025.
Half-year EBIT was NKr9m, down from NKr169m a year earlier. The underlying “operational EBIT” was stood at NKr291m, versus NKr368m in the first half of 2024.
Grieg Seafood posted a pre-tax loss of Nkr446m in the first half of this year versus a pre-tax profit of NKr53m in the corresponding period of the year previous.
Commenting on the results, Willumsen Grieg said: “Grieg Seafood entered the second quarter of 2025 with a continued focus on executing our transformational journey, strengthening our balance sheet, and positioning the company for long-term, sustainable profitability.”
Last month, Grieg Seafood agreed to sell three salmon processing facilities to Cermaq for Nkr10.2bn.
The transaction included farming operations in Finnmark, British Columbia, and Newfoundland, as well as associated sales operations in Canada, and a 50% stake in Nordnorsk Smolt.
The divestment is expected to “substantially” strengthen Grieg Seafood’s financial position and is anticipated to complete in Q4 2025, subject to regulatory approvals.
Willumsen Grieg said today: “Following the transaction, Rogaland will remain the cornerstone of our operations. The region continues to deliver industry-leading results, with stable growth, high survival rates, and disciplined cost control.”
