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Former SalMar CEO Leif Inge Nordhammer is competing for a seat on the company's board.
In addition to Nordhammer, the company's nomination committee has recommended Enova SF Strategy Director Tonje Foss and Aker Solutions executive Linda Aase for two-year terms.
The elections will take place at SalMar's annual shareholder meeting on June 3. The board seats up for election were formerly held by Norwegian businessman Kjell Storeide and Kverva Partner Helge Moen.
Nordhammer, who is one of Norway's 400 richest people, was SalMar’s CEO from 1996 to 2011, and then again from January 2014 for two years.
The seafood veteran holds around 2.3 million shares in the salmon farming company directly and indirectly through his investment company Lin and ownership interests in investment firm Kverva.
The son of SalMar's current CEO Gustav Witzoe, was recently featured as one of Forbes' 10 youngest billionaires, thanks to seafood. The 27-year-old Gustav Magnar Witzoe has a fortune of $2.3 billion (€2.1 billion), and owns around half of SalMar.
Higher harvests and solid prices came together for SalMar's business in the first quarter to give the salmon producer strong results.
Earnings before interest, tax, depreciation and amortization (EBITDA) rose 29 percent to NOK 1.3 billion (€113.8 million/$125 million) on a 22 percent rise in operating income to NOK 3.6 billion (€329.9 million/$362.6 million).
SalMar plans to invest a total of NOK 1.4 billion (€125 million/$136 million) into hatcheries, sea farms and offshore operations this year as part of its continuing drive to increase production capacity.
A slew of new projects are in the pipeline for the group, including increasing capacity in its smolt facility in Senja, Northern Norway at a projected cost of NOK 850 million (€75 million/$82 million).
