Kim Roed Jensen, the CEO of Danish exporter Kangamiut Seafood, is stepping down after 30 years leading the company.
He will be replaced by Rasmus Gronborg Bak, who will assume the CEO role Aug. 1.
Gronborg Bak has been part of the larger Kangamiut Group for the past few years, serving on the board of directors of Kangamiut Green Land since 2021, and Kangamiut Group since 2023.
He is currently CEO of DSHwood, a wood trading company.
Following his departure, Roed Jensen will take on a role as senior advisor to the Kangamiut Group and continue to serve on the board of directors for a handful of Kangamiut Group's subsidiaries.
"We would like to sincerely thank Kim for his impressive contribution to the development and growth of Kangamiut Seafood and the Kangamiut Group, and look forward to continuing the collaboration in this new constellation," said the group in a statement.
Kangamiut Holding, the parent company of Kangamiut Seafood, saw its operating profit rocket 88 percent in 2022, helped by higher market prices.
The group's operating profit was more than DKK 183 million (€24.6 million/$26.8 million), while revenue increased 37 percent during the year to almost DKK 4.9 billion (€658 million/$718.5 million).
Kangamiut Holding owns over 20 subsidiaries, the bulk of which are involved in sourcing and selling frozen seafood worldwide.
The consolidated group is composed mainly of trading companies based in northern Europe, including Kangamiut Seafood, Alimex Seafood, SN Seafood, North Atlantic Seafood, Danmarin, Alimex International Limited, Northcoast Seafoods Denmark, DanSea Nordic, Kangamiut Green Land, and Fish and Feed Ltd.
Its largest subsidiary, Kangamiut Seafood, also saw earnings rocket in 2022.
Operating profit more than doubled to DKK 98 million (€13.2 million/$14.4 million), while revenue surged 83 percent to DKK 2.2 billion (€295.4 million/$322.6 million).
