Steere told the Nelson Mail it's time for a "new pair of hands" at the company's helm, and that he will depart once a replacement is named.

Board Chairman Tom Sturgess said the board hopes a new CEO will be on board in a few months, the report said.

The company has revenue of about NZD $100 million ($67 million/€47 million), and is the world's largest farmer of king salmon.