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CFO resigns
[October 05, 2014]

CFO resigns


(Oslo Bors Newsfeed Via Acquire Media NewsEdge) Bakkafrost's CFO, Teitur Samuelsen, has notified the company that he resigns from his position. Mr.

Samuelsen has decided to pursue a new job opportunity.

Mr. Samuelsen has been with Bakkafrost since late 2009, prior to the listing of Bakkafrost on the Oslo Stock Exchange in March 2010.

Bakkafrost has with regret accepted Samuelsen's decision and will promptly start the process of recruiting his replacement. Bakkafrost has agreed with Mr. Samuelsen that he will provide assistance to the company until a new CFO is hired, to ensure a smoothly transition.



Contacts: Regin Jacobsen, CEO of P/F Bakkafrost: +298 23 50 01(mobile) Teitur Samuelsen, CFO of P/F Bakkafrost: +298 23 51 11 (mobile) This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act) About Bakkafrost: Bakkafrost is the largest salmon farmer in the Faroe Islands. The Group is fully integrated from feed production to smolt, farming, VAP and sales.

The Group has production of fish meal, fish oil and salmon feed in Fuglafjørður. The Group operates licenses on 14 farming fjords. The Group has primary processing in Klaksvík, Kollafjørð and Strendur and secondary processing (VAP) in Glyvrar and Fuglafjørður. The headquarters are located in Glyvrar, and the company has a total of 640 employees.


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