Atlantic Sapphire boss resigns | DN

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Co-founder of the land-based agricultural firm Atlantic Sapphire, Johan E. Andreassen, has knowledgeable the corporate’s board that he desires to resign from his place as CEO.

– The corporate is shifting from a protracted entrepreneurial section to a extra mature industrial section, and now it feels good to let another person take over the principle place who can lead this transition, Andreassen mentioned in a inventory market announcement printed on Monday evening.

It’s acknowledged there that Andreassen will probably be short-term CEO till there’s a new CEO.

Because the high itemizing in February 2021, when the share value was NOK 150, the value of the land salmon firm Atlantic Sapphire has fallen by greater than 99 %.

The worth fell 6.25 % on Friday and traded at NOK 1.23.

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– The time has come to start the method of dedicating extra time to different private priorities that I’ve sacrificed lately, together with different firms I’m concerned with, says Andreassen.

The corporate was based in 2010 by triplets Johan Andreassen and Bjørn-Vegard Løvik along with Dane Thue Holm. They introduced in risk-averse buyers and went public.

Billions have been raised and there have been plenty of ups and downs, each when it comes to manufacturing and share value. After a number of detrimental incidents reminiscent of mass deaths, alleged high quality issues with the fish, value overruns and the burning down of the power in Denmark. (Circumstances)Copyright Dagens Næringsliv AS and/or our suppliers. We want you to share our instances through hyperlinks that lead on to our pages. Copying or different use of all or a part of the contents could solely be made with written permission or as permitted by regulation. For additional situations see right here.

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Atlantic Sapphire boss resigns | DN

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