Mowi ASA

Board/Management Information • Nov 12, 2019

Mowi ASA: Ivan Vindheim appointed CEO of Mowi ASA

Mowi ASA: Ivan Vindheim appointed CEO of Mowi ASA

Ivan Vindheim (48) has been appointed the new CEO of Mowi ASA. Vindheim succeeds

Alf-Helge Aarskog (52) who has decided to step down after almost 10 years as

CEO.

The appointment is effective as of today 12 November 2019.

"I am delighted that Ivan has taken on this challenge. We have had a thorough

recruitment process where the Board has been looking for the best candidate to

lead Mowi going forward. Ivan has a strong commercial track-record and has the

best qualifications for delivering on our corporate strategy. He also represents

continuity," Chairman of the Board Ole-Eirik Lerøy says.

Vindheim has been Mowi's CFO since 2012. He has extensive experience from the

seafood industry and has held various executive positions including being the

CFO of Lerøy Seafood. Vindheim holds an MSc in Business and an MBA from the

Norwegian School of Economics, and he is also a State Authorized Public

Accountant and Certified European Financial Analyst.

"I am honored to be given the opportunity to lead Mowi together with more than

14,500 highly competent colleagues. It is with humbleness I take on this task.

Mowi is the leading global aquaculture company and we have many opportunities

ahead of us. The Board's strategy for Mowi of being a leading integrated seafood

provider remains unchanged, and together with the rest of the organization I

look forward to continuing to make Mowi a stronger company and execute on our

strategy. Alf-Helge has been a great leader and colleague over the years and I

would also like to take the opportunity to thank him for making such a valuable

contribution," says Ivan Vindheim.

Alf-Helge Aarskog has been CEO of Mowi since 19 July 2010 and has been

instrumental in positioning Mowi as the world's leading seafood company. Some of

the key achievements during his leadership have been the creation of Mowi's own

fish feed operations, significant growth in value-added processing, substantial

farming volume growth and most recently the launch of the company's branding

strategy. During this period, Mowi has delivered stellar shareholder returns.

"I am very pleased that Ivan takes over the helm and I would like to

congratulate the Board on making an excellent hire. The recruitment of an

internal candidate also ensures continuity and should reassure everyone

associated with the company that the business is in the most capable hands. I

would like to thank all of my colleagues over the years for your passion and

inspiration, and I wish you the best of luck in continuing to "Lead the Blue

Revolution"," says Aarskog.

"Alf-Helge has transformed Mowi to a leading product-driven seafood company,

with industry leading positions in Genetics, Feed, Farming, Sales and Consumer

Products. The strategic choices made over the years have turned Mowi into a

strong company with a focus on developing the salmon category. Aarskog is a true

salmon farmer, and he has spread enthusiasm and passion for salmon throughout

our global organisation," Lerøy says.

Kristian Ellingsen, Group Accounting Director, has been appointed new CFO of

Mowi. Ellingsen (39) has been in his current role at Mowi for 4 years. Prior to

joining Mowi he was a Director in PwC, where he worked for almost 10 years.

Ellingsen holds a Master's degree from the Norwegian School of Economics and a

Bachelor's degree in informatics from the University of Bergen. He is also a

State Authorized Public Accountant.

"I am very pleased with Kristian taking over as the CFO of Mowi. Kristian is

very talented and has deep knowledge of the company and the organization. This

secures momentum from day one as well as continuity," says Vindheim.

For further information, please contact:

Ivan Vindheim, CEO, +47 958 71 310

Press contact:

Ola Helge Hjetland, Group Communication Director, +47 970 67 932

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.