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Cermaq expands its management team and appoints new CFO

Mr. Ole Martin Grimsrud (photo left) is appointed new CFO, and Mr. Erlend Reiten (photo right) will take up a new position as Chief Transformation Officer (CTO). The changes apply from 1 September.

Ole Martin Grimsrud (43) is appointed as new Chief Financial Officer (CFO) and takes up the position from 1 September. He comes from the position as CFO in Aker Solutions where he has had various leader positions since 2012. Ole Martin Grimsrud holds a Master's degree in Industrial Economics from Norwegian University of Science and Technology (NTNU) and has also experience from Elkem and Norske Skog.

- Aquaculture is an attractive and growing industry being essential to our future. I look forward to joining a world leading company as Cermaq and contribute to Cermaq's development and successes, says Ole Martin Grimsrud.

- Ole Martin Grimsrud brings valuable competence to Cermaq, and I am very happy to have him on board. I am confident that we will have a very strong and dedicated team to achieve our ambitions, says Geir Molvik

Erlend Reiten, will from 1 September take up a new position in the executive team, as Chief Transformation Officer (CTO). Erlend is acting CFO in Cermaq today and comes from the role as Head of Strategy. Prior to joining Cermaq in 2016 he spent five years at The Boston Consulting Group. Erlend holds a Master's degree in Economics from The University of Oxford

- We want to be at the forefront when it comes to operational standards and application of new technology. The CTO will hold responsibility for establishing and developing best practice sharing and the ability to continuously improve across the company. Erlend have during his time in Cermaq worked closely with the executive team and I'm confident that his experience and motivation will be a key driver towards reaching our strategic ambitions, says Geir Molvik

Contacts:

Corporate Affairs Director Lise Bergan, phone (47) 93251114

Ole Martin Grimsrud, phone (47) 95 88 13 61

Erlend Reiten , phone (47) 916 00 710

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