Tor Olav Troim, Fredriksen’s right-hand man on several investments, including salmon, gave notice that he did not intend to be on the board, according to Norwegian newspaper TDN Finans.
Fredriksen will maintain a presence on the board, via his daughter, Cecilie, who will serve for two years.
The board will be expanded from six to seven members, and will include Norwegian heiress Celina Midelfart and Thorleif Enger, also serving two-year terms.
The election committee proposed that Chairman Svein Aaser and board members Leif Frode Onarheim, Solveig Strand and Kathrine Mo be re-elected.