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Bakkafrost CFO resigns

Exec joined the Faroese salmon farmer in 2014.

Company Profile: Bakkafrost

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Bakkafrost CFO Gunnar Nielsen has resigned from the Faroese salmon farmer, processor and feed manufacturer after nearly five years in the role, the company announced Sunday.

Nielsen will continue to work with the company until the transition to a new CFO is complete.

Bakkafrost last week raised its harvest guidance for 2018 by 1,500 metric tons to 54,500 metric tons.

VIDEO: Bakkafrost profit jumps sixfold in 7 years

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Harvest volumes for the fourth quarter were 12,300 metric tons with Farming North producing 4,000 metric tons and Farming West 8,300 metric tons.

Feed sales for the fourth quarter of 2018 were 24,700 metric tons, with Bakkafrost's feed division Havsbrún sourcing 46,500 metric tons of raw material.

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