Iceland land-based salmon operation Landeldi named Eggert Thor Kristofersson as the company's CEO. He takes over the role from Halldor Olafur Halldorsson.
Kristofersson's previous roles have included serving as the managing director of Glitnir bank's asset management in Iceland and Finland. He also previously served as the CEO for Festi, an Iceland company that sells fuel and goods to service stations.
Landeldi was founded in 2017 and operates in southwest Iceland. The group is targeting a project capable of producing up to 33,500 tons annually by 2028.
The company expects its first harvest to take place mid-2023. It is aiming for a harvest of 1,500 metric tons by the end of that year, and between 4,000-5,000 metric tons in 2024.
Project approvals from relevant municipality and other authorities have been received, and no further approvals are required, the company told IntraFish in April. Landeldi has already purchased both land and hatchery facilities.
"Now Landeldi has secured all the fundamentals for building a large-scale salmon farm" said Halldorsson in a statement about the new CEO appointment.