Arctic Seafarm appoints two new executives
NORWAY – Norwegian land-based aquaculture company Arctic Seafarm is bringing two new executives into its leadership team.
Kristin Hildrum is stepping in as Chief Financial Officer (CFO), while Rainer Kråkstad is taking on the role of Chief Business Development Officer (CBDO).
Arctic Seafarm, which is developing a hybrid flow-through aquaculture facility in Nesna, Nordland County, stated that both appointees have backgrounds in Norway’s renewable energy sector.
Hildrum previously held leadership positions in finance and strategy. Before joining Arctic Seafarm, she was the director at Mo Industripark AS, northern Norway’s largest industrial hub.
Earlier in her career, she served as the general manager of MIP Miljøkraft AS, a company focused on hydroelectric power.
Kråkstad, the incoming CBDO, has experience in business development within Norway’s energy industry.
His past roles include working at staffing firm Otiga Group AS and serving as CFO at Vinde Tilkomstteknikk AS, a company specializing in offshore wind technology.
In other news, the company has been investing in a lot.
Arctic Seafarm, in collaboration with Kvarøy Fiskeoppdrett and its majority owner, EMK Capital, announced plans last year to develop a land-based aquaculture facility in Helgeland, Nordland County, Norway.
Financing has been secured for the initial phase of the project, which will be located in Langsetvågen, Nesna municipality, an area with direct access to the sea and established infrastructure.
The facility has been granted a concession for 15,000 tons of Maximum Allowed Biomass (MAB), with the potential to produce up to 25,000 tons of salmon.
In its first phase, the facility aims to produce 10,000 tons of salmon, equivalent to 8,000 tons Head-On Gutted (HOG), and provide employment for approximately 40 people.
Once fully developed, it is expected to create around 100 jobs in the municipality.
Arctic Seafarm’s CEO, Magnus Kibsgaard, stated that the company was established with the objective of farming salmon in a more sustainable manner than conventional aquaculture, with a focus on fish welfare and reducing environmental impact.
He highlighted the strategic partnership with Kvarøy Fiskeoppdrett, which he described as the world’s most certified fish farmer, and noted that together they plan to supply the global market with 8,000 tons of salmon annually.
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