Kverva, the Norwegian funding agency run by SalMar’s homeowners the Witzoe household, has appointed Olav Dyrnes, the previous CEO of Havfisk to function the corporate’s new funding director.
On this position, Dyrnes will likely be primarily answerable for overseeing investments made by Insula, the acquisitive department of the Kverva fund, in addition to different ongoing investments inside Kverva itself.
“With Kverva, it’s a excessive competence funding firm and so they had been in search of folks with senior expertise from the trade,” Dyrnes informed Undercurrent Information. “From their viewpoint I signify that with my place as the previous CEO of Havfisk, and extra normally phrases in terms of the trade expertise additionally with my newest place because the CEO of Ekornes.”
Dyrnes served as CEO of the Norwegian fishing agency Havfisk from April 2011 till October 2014, when he left to take the position of CEO on the Scandinavian furnishings firm Ekornes, the place he has remained ever since.
This newest transfer will see Dyrnes return to the trade he left behind in 2014.
“It’s returning again to the seafood enterprise having been within the furnishings enterprise for six years, but in addition assuming a special position. I now go to the homeowners aspect and never the day-to-day managing or CEO in that class, so for me it’s an awesome alternative to work with some actually nice folks at Kverva, after which supporting them and the Witzoe household to assist assist their place within the seafood enterprise,” he informed Undercurrent.
Dyrnes will likely be formally beginning his new place on June 2, he confirmed.
In the meantime, at Insula, Dyrnes will likely be overseeing one of the vital acquisitive holding firms in world seafood, the fund having accomplished 13 separate acquisitions or investments within the sector because the begin of 2015.
Final yr, Insula acquired the Danish herring and shelf-stable tuna model Glyngore by way of its subsidiary Amanda Seafoods, in addition to the canned pelagic producer Bornholms.
This got here after the corporate snapped up two recent fish processing firms, Knud Sondergaard Fiskeeksport and Famm Seafood, within the latter a part of 2018. These have been renamed Insula Hvide Sande and Insula Hanstholm, respectively, after the Danish ports through which they’re based mostly.
“2020 I feel is an opportunity to consolidate the businesses, work out learn how to use the completely different manufacturers,” Amanda advertising and marketing chief Brian Gert mentioned, of Insula’s plans this yr when he spoke to Undercurrent on the Fish Worldwide present in Bremen this February. “Should you look within the completely different sections of outlets now, we wish our completely different manufacturers to be seen throughout every half, and never competing with one another.”