0N0K Scottish Salmon Company Plc

 
TIDMSSC 
 
 
 
   The Scottish Salmon Company (the "Company") today announced that, 
following the impending merger with Bakkafrost, it has been jointly 
agreed that Craig Anderson will leave his position as Chief Executive 
Officer.  Odd Eliasen, existing Managing Director of Havsbrún, part 
of the Bakkafrost Group, will assume the role as CEO of the Company with 
immediate effect.  Mr Eliasen has broad experience in the fish farming 
industry and has been active in restructuring fish farming in the Faroes 
and has held various Board positions in the industry. 
 
   Under the leadership of Craig, the Company has year on year developed 
positively and created value for its shareholders, culminating in the 
acquisition by Bakkafrost.  Following successful integration into 
Bakkafrost, SSC will be better placed to pursue further growth 
opportunities by leveraging its leading position in the Scottish Salmon 
sector and its established premium brands.  The Board would like to 
thank Craig for his valued contribution to the business over the last 
six years and wish him all the best with his new endeavours. 
 
   Craig Anderson, CEO, commented "Following the completion of the 
acquisition of SSC, Bakkafrost will take leadership of the Company to 
deliver the growth vision of the enlarged group.  I am proud of the 
entire SSC team and the success that we collectively achieved. It has 
been a pleasure being the driving force in ensuring that throughout the 
world, the value of Scottish Provenance continues to be recognised". 
 
   Odd Eliasen, incoming CEO commented "Craig's reputation within SSC and 
the industry is one of a strong leader with a firm commitment to the 
Company's stakeholders.  I look forward to building on his legacy and 
maintaining the growth momentum of the Company.  My near term objective 
will be to ensure a smooth integration of the business so the combined 
company can deliver the strategic synergies that underpinned the 
rationale for the acquisition." 
 
   For more information, please contact: 
 
   Su Cox, Investor Relations, 
https://www.globenewswire.com/Tracker?data=fpaXwG2N0QnC4PELLgudoYKc_1ZNh4BVZUSCxT05Acl6YoJzotvKpVaEN5Al0XRgCyoZVUB6L-KUxXKw0LYGrmw3colzG1aPxzsOMw1xZ6Y= 
su.cox@scottishsalmon.je 
 
   Buchanan, Media Relations, 
https://www.globenewswire.com/Tracker?data=kvZv5R_0_0R9mcq-8w_VAHYT7AT35sGMEqR0Ea-cdgtvJCl_6bS4jD41dhi9BDqQGQVWYOOPNcKPa7y_jXV_sTMwtcqLoIl7Mue6Qk6LNe4= 
ssc@buchanan.uk.com 
 
   The Scottish Salmon Company 
 
   The Scottish Salmon Company is the leading producer of quality Scottish 
Salmon with all operations in Scotland. The Company is engaged in all 
stages of the value chain from smolt production through freshwater and 
marine farming to harvesting and processing, as well as sales and 
marketing activity. It is dedicated to producing the highest quality 
Scottish salmon. 
 
   All of The Scottish Salmon Company's farms and processing facilities are 
audited and approved by the internationally acclaimed BAP accreditation 
scheme, which includes excellence in fish husbandry and animal welfare. 
 
   Over 650 people are employed by the Company, approximately 250 of whom 
are in the Hebrides, with its head office in Edinburgh. 
 
   For more information, visit: 
https://www.globenewswire.com/Tracker?data=1mfL-ol3nOu7YazBSHRaka_iE-mFL_7GBzW6H_li30jJ9jKZkplTqh7V6_204ayu5cJ7qKnIkejeIXMtqWZDXm2xI_dX2NhOXvv1W8t0-K8= 
www.scottishsalmon.com 
 
   This information is subject to the disclosure requirements pursuant to 
section 5 -12 of the Norwegian Securities Trading Act. 
 
 
 
 

(END) Dow Jones Newswires

December 16, 2019 05:30 ET (10:30 GMT)

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