OSLO (Thomson Financial) - The world's biggest fish farmer, Marine Harvest
ASA, said it has appointed Ase Aulie Michelet as CEO, filling a four-month
vacuum after the previous chief resigned for family reasons.
Investors welcomed the resolution of the succession at Marine Harvest -
whose shares rose more than 7 pct, outperforming a stronger Oslo Bors whose
benchmark OSEBX index was up around 1 pct in late afternoon trade.
Marine Harvest's shares took a big hit when the company posted third-quarter
profits below expectations, in results blighted by lower prices in all markets
and problems with disease, especially in Chile.
Marine Harvest said in a statement that Michelet has broad international
management experience. She is currently executive vice president GE Healthcare,
Manufacturing and Supply chain and president of GE Healthcare AS (Norway),
positions held since 2004.
She is a board member of Norwegian food to industrial conglomerate Orkla and
has held several board memberships in different companies, including fertiliser
group Yara International.
Marine Harvest on Aug 31 announced that CE0 Atle Eide, who built the company
into the world's biggest fish farmer by buying up rivals, would resign Sept 1.
Marine Harvest said that in the search for a new CEO, the board would put
high emphasis on the fact that the company now was entering a new phase.
The company became the world's top fish farmer when Pan Fish acquired Marine
Harvest from Dutch food company Nutreco last year for 1.3 bln euros and adopted
the name.
patrick.mcloughlin@thomson.com
pm/kf1
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