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Grieg Seafood ASA (GSFO.OL)

GSFO.OL on Oslo Stock Exchange

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Summary

Name Age Since Current Position

Per Grieg

59 2014 Executive Chairman of the Board

Andreas Kvame

52 2015 Chief Executive Officer

Asbjorn Reinkind

57 Vice Chairman of the Board

Atle Sandtorv

49 2015 Chief Financial Officer

Stewart Hawthorn

2010 Regional Director of Grieg Seafood BC Ltd.

Alexander Knudsen

42 Regional Director of Grieg Seafood Rogaland AS

Sigurd Pettersen

2013 Regional Director of Grieg Seafood Hjaltland UK Ltd.

Roy-Tore Rikardsen

49 2014 Managing Director for Grieg Seafood Finnmark AS

Knut Utheim

50 2014 Chief Operating Officer Farming

Trude Ostvedt

54 2007 Chief Accountant Officer

Tor Homme

52 2010 Director of Feed and Nutrition

Frode Mathisen

46 2010 Director of Biological Performance and Planning

Karin Bing Orgland

58 2013 Director

Ola Braanaas

2014 Director

Wenche Kjolas

54 2009 Director

Biographies

Name Description

Per Grieg

Mr. Per Grieg, Jr. has served as Executive Chairman of the Board of Directors at Grieg Seafood ASA since October 17, 2014. He has been Chairman of the Company's Board since May 20, 2009. Per Grieg Jr. has been actively involved in leading positions in Grieg Seafood ASA since the foundation in 1992, and has played a role in building the Grieg Seafood Group. He held the position as Chief Executive Officer until August 2008. He holds a MSc degree at The Norwegian University of Science and Technology (NTNU), Department of Marine Technology and a MBA from INSEAD, France. Grieg holds experience as researcher at Marintek in Trondheim, as ship broker at EA Gibson and Joachim Grieg & Co, where he also was Managing Director in the 90s and now holds the position as Chairman of the board. He has been involved in establishing a numerous companies within several sectors, and has been or is board member in companies like Fjord Seafood ASA, Marine Farms ASA, Erfjord Stamfisk AS and AON Grieg – together with several companies within The Grieg Group. Grieg also owns and manages his own investment company.

Andreas Kvame

Mr. Andreas Kvame has been appointed Chief Executive Officer at Grieg Seafood ASA, effective as of June 1, 2015. He comes from the position of CEO for Scanbio held for 2 years. He has a 17 year long professional background from Marine Harvest Group where he participated in the top management team for many years, with responsibilities for sales, logistics, processing and integration. He has worked with change management and improvements in an international capacity in the aquaculture industry spanning many companies, including the integration of Stolt Seafarms, Panfish, Fjord Seafood and MHG. He has educational background from agriculture and aquaculture management.

Asbjorn Reinkind

Mr. Asbjorn Reinkind serves as Vice Chairman of the Board of Directors of Grieg Seafood ASA. Mr. Asbjorn Reinkind has a degree as ”sivilokonom” from the Norwegian School of Economics and Business Administration (NHH) in Bergen and has further education from IMD and Insead (AMP). He has experience from the FMCG industry and branded foods with eg. 18 years employment in Rieber & Son ASA, as Managing Director of Denja, Managing Director of Toro and 6 years as CEO of Rieber & Son ASA. Reinkind has also broad experience from the aquaculture and fish farming industry, eg. as Group Managing Director of Hydro Seafood Group (1997 - 2000), former chairman of Pieters Group, Seafarm Invest and Sjotroll Havbruk. Reinkind has also been a non-executive Board member of companies in the marine sector, eg. Fiskeriforskning, Domstein ASA and Pronova Biocare. Reinkind is today chairman of SpisGrilstad AS, Board member of Chata Polska/MAROL (Polish food grocery chain and wholesaler), Board member of Biomar Group (Denmark, global fish-feed producer) and senior advisor in two private equity companies.

Atle Sandtorv

Mr. Atle Harald Sandtorv has been Chief Financial Officer at Grieg Seafood ASA since December 1, 2009. He no longer serves as Acting Chief Executive Officer of the Company, effective as of June 1, 2015. He has held this position since October 17, 2014. Sandtorv comes from the position as CFO in the subsea company Bennex. Prior to this, Sandtorv was CFO in the OSE listed transport company Tide ASA. During his 13 years in the management of Tide ASA, he was a central person in times of strong growth and structural changes, mergers and acquisitions that formed what today is one of Norway's leading transport companies. Sandtorv has got a MSc in Business Administration from the Norwegian School of Economics and Business Administration (NHH).

Stewart Hawthorn

Mr. Stewart Hawthorn has been Regional Director Grieg Seafood BC Ltd. within Grieg Seafood ASA since 2010. Stewart Hawthorn has been working in the aquaculture business for over 25 years, with experience in Scotland, Eastern Canada, Papua New Guinea (as a volunteer helping promote village based carp culture), New Zealand and now British Columbia on Canada’s west coast.

Alexander Knudsen

Mr. Alexander Knudsen serves as Regional Director of Grieg Seafood Rogaland AS at Grieg Seafood ASA. Mr. Knudsen has been working in Grieg Seafood since 1997. He previously worked in Ovrebo Fisk AS which was bought by Grieg Seafood in 1997. He had a degree in economy and administration from Molde Universtiy College.

Sigurd Pettersen

Mr. Sigurd Pettersen has been Regional Director Grieg Seafood Hjaltland UK Ltd. within Grieg Seafood ASA since September 2013. He has worked in the salmon industry since 1983. During those years, he has held various positions with a number of companies, i.a. Stolt Seafarm, Hydro Seafood, Golden Seaproduce, Skretting and Marine Harvest/Nutreco, with a wide range of responsibilities. He majored from the University of Bergen with a degree (Cand. Real) in marine biology.

Roy-Tore Rikardsen

Mr. Roy-Tore Rikardsen has been Managing Director for Grieg Seafood Finnmark AS within Grieg Seafood ASA since July 2014. He has 15 years' experience from the fish farming industry. The last 6 years he has worked as 'production manager seawater' at Leroy Aurora AS (25,000 tons). He has also worked in the aquaculture technology industry (Akva Group), and the feed and nutrition industry (Ewos). Roy-Tore holds an 'environment and marine technology engineering' degree from the University of Tromso.

Knut Utheim

Mr. Knut Utheim has been Chief Operating Officer Farming at Grieg Seafood ASA since April 2014. He has been working in the fish farming industry since 1990, i.a. in Stolt Sea farm (1990-2005) and Marine Harvest (2005-2014). During the last 10 years Knut held the position as regional director in Marine Harvest Norway, central-Norway. Knut is a Dh-candidate in aquaculture from the SFDH.

Trude Ostvedt

Ms. Trude Elisabeth Ostvedt has served as Chief Accountant Officer of Grieg Seafood ASA since 2007. Ms. Ostvedt is a certified public accountant from NHH, and has studied Change Management and Leadership at Malmo University, Sweden. She has experience in external audit respectively from PwC and Ernst & Young. Ostvedt was employed in Grieg Group Resources AS (GGR; a company in the Grieg Group) in the period 1993-2007. Ostvedt's areas of experiences were finance, accounting, human resources, marketing and communications. The last two years in GGR she held the position as administrative manager.

Tor Homme

Mr. Tor Eirik Homme has served as Director of Feed and Nutrition at Grieg Seafood ASA since September 2010. Mr. Homme comes from the position as Marketing and Development Manager in EWOS, Norway. He has 16 years experience in the fish feed industry, and has the thorough knowledge of the development phases of today's fish feed, the fish feed industry and the nutrition requirements for salmon. Homme has worked in areas such as sales, marketing, product development, project management, research and international coordination. He has got a Masters degree in Aquaculture from the University of Life Sciences at As.

Frode Mathisen

Mr. Frode Mathisen has served as Director of Biological Performance and Planning at Grieg Seafood ASA since July 2010. From 2008, Mathisen held the position as Group Freshwater Manager. Prior to this, he held various positions with Grieg Seafood, Marine Harvest and Stolt Seafarm. He holds a master degree in Aquaculture from the University in Bergen.

Karin Bing Orgland

Ms. Karin Bing Orgland has been Member of the Board of Directors of Grieg Seafood ASA since June 12, 2013. Karin Bing Orgland is a professional board member. She has experience from the financial sector and was, i.a., executive vice president of DNB until Q1 2013.

Ola Braanaas

Mr. Ola Braanaas has been Director of Grieg Seafood ASA since June 11, 2014. He is a fish farmer and agricultural college graduate, and has also studied, pedagogics, aquatic ecology, and fishery at the county colleges of Oppland and Nordland. Braanaas established the company Firda Settefisk in 1986, and is currently the sole owner and chairman of the board in the Firda Eienedom AS Group, which is a fully integrated fish farming company based at Byrknesoy in the county of Sogn og Fjordane. During the mid 90’s Braanaas was involved in establishing the company GO-Fish which was involved in fish farming at the Faroe Islands and in the counties of Troms, More og Romsdal and Sogn og Fjordane. Braanaas has held various board positions in Vestnorsk Havbrukslag, Norway Seafarms AS and Wergeland Holding AS.

Wenche Kjolas

Ms. Wenche Kjolas has served as Member of the Board of Directors at Grieg Seafood ASA since May 2009. Wenche Kjolas is a business studies graduate from the Norwegian School of Economics and Business Administration (NHH). She is Executive Director of Grieg Maturitas AS since 2009, and before then she was CFO of Grieg Logistics AS for 3 years. Kjolas' previous positions include Group director Finance of Kavli Holding AS, MD of O. Kavli AS, financial director of Kavli Holding AS, business manager of Hakon Group AS in Bergen and manager and management consultant of Touche Ross. Kjolas has been a member of the board of Cermaq ASA from 2003 to 2009, and a member of the board of Selvaag Bolig ASA from 2011 to 2013. She has also been a member of the general assembly of Sparebank-stiftelsen DnBNor. Kjolas is now a member of the board of DOF ASA, the chairman of the board of Flytoget AS, and has been a member of the board of Grieg Seafood ASA since May 2009.