SalMar - Atle Eide nominated to position as new board chair

The nomination committee of SalMar ASA has nominated Atle Eide to the position as new chair of the board. Atle Eide has previously served as CEO of Marine Harvest, and has held a number of top executive and board positions in aquaculture and other globally-oriented Norwegian industries. Eide is a senior partner in the private equity investment company HitecVision. SalMar ASA's board comprises seven directors, two of whom are elected by employees. In addition to Atle Eide, Therese Log Bergjord, Margrethe Hauge, and Helge Moen are nominated as new board directors. The board of directors also includes Kjell A. Storeide (reelected for two additional years in 2016). The incumbent chairman, Bjørn Flatgård, who has served on SalMar's board for 15 years, announced in March that he was not seeking reelection (see stock exchange release 2 March 2017). The board directors Bente Rathe and Tove Nedreberg have also announced that they are stepping down from their positions on SalMar's board. Nedreberg was reelected for additional two years in 2016, but has communicated her desire to resign as board director due to other work-related obligations. SalMar's main shareholder, Gustav Witzøe, has also announced his intent to step down as board member. As director of processing and sales, Witzøe is a member of SalMar's management group. Witzøe served as the company's acting CEO over the past winter. "We are extremely pleased that Atle Eide has accepted the nomination to become chair of SalMar's board of directors. He brings on board considerable industry experience - and competence - and is also well acquainted with the company. Along with the other board director candidates, he will provide SalMar with a highly competent board, with broad industry development experience from the aquaculture business, as well as from other sectors", said Helge Moen, chair of the nomination committee. Helge Moen, who is the CEO of Kverva, SalMar's main shareholder, will step down from his current position as chair of the nomination committee. The election of new board chair and directors takes place at SalMar's annual general meeting 6 June 2017.  For further information: Helge Moen, chair, nomination committee of SalMar ASA + 47 957 76 826 Web: www.salmar.no This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.