Local management and a lean head office
Our organization is built on a common strategy and company culture, and reinforced by local management and a lean head office. Cermaq has farming operations in Canada, Chile and Norway, and also a sales office in Miami, US.
Cermaq Chile has operations in regions X, XI and XII, and is managed from Puerto Montt in Region X.
Cermaq Canada operates on both the east and west side of Vancouver Island, British Columbia, and is managed from the head office in Campbell River.
Cermaq Norway has operations in Finnmark and Nordland, and has administration in Steigen, Nordland.
The parent company, Cermaq Group AS, is located in Oslo, Norway.
Cermaq is a fully owned subsidiary of Mitsubishi Corporation.
Corporate Management Team
Chief Executive Officer
Geir Molvik took up the position as CEO of Cermaq in July 2016. He joined the Cermaq group as Managing Director for EWOS Norway in 2006.
Ole Martin Grimsrud
Chief Financial Officer
Ole Martin Grimsrud joined Cermaq as CFO in September 2020. Mr. Grimsrud has broad international industry experience.
Managing Director Chile
Steven Rafferty was appointed MD in Chile in 2019. He has also previously worked in Chile and was part of the Cermaq team from 2008-2010.
Managing Director Canada
David Kiemele joined Cermaq in 2016 and was appointed Managing Director in 2017.
Knut Folmer Ellekjær
Managing Director Norway
Knut Ellekjær joined Cermaq in 2017. Mr. Ellekjær has broad management experience from the food industry.
Axel Ranang Gustavsen
Chief Legal Officer
Axel Gustavsen joined Cermaq in 2016.
Chief Transformation Officer
Erlend Reiten joined Cermaq in 2016 and was appointed Chief Transformation Officer in 2020.
Board of Directors
Chair of the Board
Yasuhiro Kawakami was apointed Chair of the Board in 2018 and is located in Oslo.
Helge Midttun is an external Director and has been at the Board of Cermaq since 2009.
Takatsugu Ukai has been at the Board of Cermaq since 2019 and is working at the head office of Mitsubishi Corporation.
Employee elected director
Torgeir Nilsen has been at the Board of Cermaq since 2015. He works in Cermaq Norway located in Hammerfest, Finnmark.
Yasumasa Kashiwagi has been at the Board of Cermaq since 2015 and is working at the head office of Mitsubishi Corporation.
Employee elected director
Lisebeth Pedersen has been at the Board of Cermaq since 2017. She works in Cermaq Norway and is located in Steigen, Nordland.
Yoshinori Katayama has been at the Board of Cermaq since 2020, and is heading Mitsubishi Corporation's office in London.
Employee elected director
Borkur Arnason has been at the board of Cermaq since 2017. He is working in Cermaq Norway, located in Hammerfest, Finnmark.
The main events in the history of the company are listed below.
Established in 1995, the history of Cermaq is a tale of transformation; from a grain trading company, to a global leader of salmon farming.
iFarm project launched
Cermaq embarks on the ambitious goal towards individualized farming. iFarm was awarded four development licenses.
Establishing UN Action Platform for Ocean
Cermaq is the first first business partner and a founding patron to the UN Action Platform for Sustainable Ocean Business.
New processing plant
The new processing plant setting a new standard for the salmon industry is inaugurated at Storskjæret, Steigen, Norway.
One company in Chile
The two MC group companies Cermaq Chile and Salmones Humboldt merges.
The new hatchery at Forsan, Steigen, Norway is inaugurated in October, enabling Cermaq to be self-sufficient with smolt.
Change of CEO
CEO Jon Hindar leaves Cermaq, and Geir Molvik is appointed new CEO.
Mitsubishi Corporation acquires Cermaq
Mitsubishi Corporation acquires 100% of the shares in Cermaq ASA, and the company is delisted from Oslo Stock Exchange. Cermaq ASA changes name to Cermaq Group AS.
EWOS is being sold
Cermaq sells its feed division EWOS to the private equity funds Altor and Bain Capital. The farming division, Mainstream, changes name to Cermaq.
Acuisition of Cultivos Marinos Chiloé
Cermaq acquires the Chilean farming company Cultivos Marinos Chiloé.
New production area in Nordland, Norway
Mainstream Norway establishes a new production area in Ofotfjorden.
New production area in Region XII, Chile
Mainstream Chile starts production in Magallanes (region XII).
Cermaq sells its shares in the non-core business Hordafôr.
Taking part in the global agenda
Cermaq joins UN Global Compact and Transparency International Norway.
Change of CEO
CEO Geir Isaksen leaves Cermaq after 15 years, and Jon Hindar is appointed new CEO.
Entering Vietnam feed market
EWOS enters the fish feed market in Vietnam, in a joint venture with Anova.
Exiting farming operations in Scotland
Cermaq sells out of fish farming activities in Scotland.
New feed plant in Florø, Norway
EWOS Norway inaugurates a new production line in the Florø plant. The plant becomes Norway’s largest feed factory with an annual capacity of 250 000 tonnes. The plant is the world’s most modern and environmental friendly within fish feed plant.
Opening research facility in Chile
Cermaq’s R&D division, EWOS Innovation, opens a research centre in Colaco, Chile.
Expanding operations in Finnmark, Norway
Cermaq acquires Arctic Seafood with operations in Nordland and Troms, Norway, and divests the Arctic licenses in Troms to Salmar.
Entering farming operations in Finnmark, Norway
Cermaq enters operations in Finnmark by acquiring Langfjordlaks AS, Polarlaks AS and Hammerfest Lakseslakteri AS.
Significant farming operations in Norway
Cermaq acquires the remaining shares of Follalaks and becomes a significant player in Norwegian salmon farming.
Acquiring Heritage , BC, Canada
Cermaq takes over the fish farming company Heritage, and thereby more than doubles its production in Canada.
Listed on the Oslo Stock Exchange
Cermaq ASA was listed at the Oslo Stock Exchange 24th of October.
Expanding farming operations in Chile
Cermaq acquires the remaining shares and gains 100 % ownership in the Chilean farming company Salmones Andes. The operations are integrated with Mainstream Chile. Cermaq is becoming one of the largest producers in Chile.
Entering farming operations in Norway
Cermaq aquires 34 % of the shares in Follalaks AS.
Selling non-core business in Vaksdal and Skaun, Norway
Cermaq sells Vaksdal Industrier AS and the power plant at Buvika in Skaun municipality.
Naming all farming operations Mainstream
Cermaq decides to assemble its farming operations under the unified name Mainstream. Farming operations in Canada and Scotland change names to Mainstream Canada and Mainstream Scotland.
Selling majority shares in Unikorn AS
Cermaq sells its shareholding of 66 percent of the shares in Unikorn AS and becomes a minority shareholder in Unikorn AS.
Divesting Aquascot Ltd.
Cermaq sells its shareholding of 49 % of the shares in Fiskå Mølle AS to Brødrene Nordbø AS, and Cermaq decides to sell the processing company Aquascot Ltd.
Entering Salmones Andes
Cermaq acquires 30 % of the shares in the Chilean farming company Salmones Andes.
Closing feed plants in Norway
EWOS decides to close the feed plant at Vestnes effective from April 2002 and the feed plant in Stavanger effective from March 2003.
Selling feed plants in Norway
Cermaq, Skiens Aktiemølle ASA and Fritzøe Møller AS enters an agreement selling all their shares in the company Norgesmøllene DA to Felleskjøpet Øst Vest, effective from January 2003.
Cermaq enters into an agreement with Felleskjøpene to re-acquire 50 % of the shares in Statkorn AS (at the time Unikorn AS). Thereafter Cermaq sells 34 % of the shares in Unikorn AS to Bygdemøllenes Investeringsselskap AS.
Selling the farm Staur Gård
Cermaq sells Staur Gård and Cermaq’s shareholding in Norsk Kornforedling AS to the Norwegian State represented by the Ministry of Agriculture. Cermaq divests its silos in Hamar, Skarnes, Melsomvik and at Sjursøya to Statkorn AS.
The company changes its name from Statkorn Holding ASA to Cermaq ASA.
Entering farming operations
Statkorn Holding AS enters farming operations through acquisition of the fish farming companies Pacific National Group Ltd and Prime Pacific Seafarms Ltd in Canada, Mainstream Salmones Y Alimentos S.A. in Chile and Mainland Salmon Ltd, Shetland Norse Ltd and Aquascot Group Ltd in Scotland.
Large share issue
Statkorn Holding AS executes a share issue of NOK 1 500 million.
NorAqua and EWOS merge
Statkorn Holding AS takes over from Felleskjøpene the remaining 43 % of the shares in NorAqua. NorAqua AS and EWOS AS merge, and the new company keeps the name EWOS.
Statkorn Holding AS takes over of the fish feed companies EWOS AS, EWOS Ltd (UK), EWOS Chile S.A. and EWOS Canada Ltd from Danisco.
Opening for private owners
The Norwegian state sells 20 % of the shares in the Statkorn Holding AS.
Selling grain operations
Statkorn Holding AS sells its feed grain operations in Stormøllen and 50 % of the shares in Statkorn AS.
Growing in fish feed
Stakorn Holding AS acquires 19 % of the shares in NorAqua, and with this becomes majority owner in the company (57 %).
From AS to ASA
Statkorn AS changes to Statkorn Holding ASA.
Restructuring Food Flour
Norgesmøllene DA discontinues food flour production in Stavanger and purchases 50 % of the shares in Food Manufacturing Services.
Entering fish feed
The fish feed company NorAqua AS is established with Statkorn Holding AS as a minority owner (41%). Stormøllen’s aquaculture division is merges into NorAqua AS.
Growing in livestock feed
Cermaq purchase 49% of shares in livestock feed company Fiskå Mølle AS.
Restructuring flour operations
The flour division in Stormøllen AS is separated out and merged with flour operations in creating Norgesmøllene DA where Stakorn Holding Cermaq owns 60%.
Statkorn AS was founded
The grain trading company Statkorn AS was founded in July when a new marketing organisation for grain was introduced in Norway. Statkorn AS was transferred to Stakorn Holding AS.
The company Statkorn Holding AS (later Cermaq) was founded as a state owned company 12.12.1994 taking over shares in Stormøllen as of January 1995.