The exec has led the firm since its infancy, overseeing a significant period of expansion.
Guðmundur Gíslason, the CEO of Icelandic salmon farmer Ice Fish Farm (Ice Fish), has announced his resignation.
Gíslason expressed his gratitude for the time spent leading the firm, saying, “Being CEO for Ice Fish has been an incredible journey together with great colleagues in high growth rate and the establishment of a new and sustainable industry in Iceland over the past 12 years,” he wrote.
“I very much look forward to continuing to work for and support the Company going forward by continuing to develop markets for Ice Fish Farm.”
Chairman of Ice Fish, Asle Rønning, lauded Gíslason’s transformative role in the company, noting, “Gudmundur has been a true entrepreneur and leader of Ice Fish since 2012. Under his watch, the company transitioned from a mere concept to a central figure in Iceland’s burgeoning sustainable fish industry. We’re indebted for his contributions and eagerly anticipate our continued collaboration.”
The search for a successor is underway, and the board expects the recruitment process might extend for several months. Gíslason will remain in his role as CEO until a replacement is found.
Ice Fish is owned by Norwegian producer Masoval Eiendom and is the largest salmon farmer in Iceland in terms of license capacity, and is the only salmon farmer on the east coast, representing several hundreds of miles of coastline.
Masoval Eiendom is fully controlled by members of the Masoval family, pioneers in salmon farming since the 1970s. It operates salmon farms in central Norway.