A FORMER boss at Marine Harvest will be the new CEO of the Polish processing company Milarex. Thomas Farstad, who most recently has been head of Norway Seafoods, brings many years’ experience in the industry.
Reynir Indahl, managing partner in Summa Equity, which bought a 75 per cent stake in Milarex in the summer, said: ‘I think this (appointment) sends a clear signal about our ambitions for the company.’
When the private equity company took a controlling interest from the founder, Jerzy Malek, in July the parties agreed that Malek would eventually leave his post as CEO, although he remains on the board.
Milarex chairman Jon Hindar, who was CEO Cermaq until last year, said: ‘Thomas Farstad has an impressive background in the seafood industry as well as extensive senior management experience, which will be valuable to Milarex.’
Jerzy Malek added: ‘Thomas was our first choice for this position, and I look forward to handing over the Milarex’s leadership and helping the company become a major player in the seafood industry.’
Farstad, 46, has been involved with the seafood industry since 2003. He was appointed CEO of Norway Seafoods, now owned by the Lerøy Seafood Group, in October 2010. He has also been CEO of Aker Seafoods (now Havfisk), also part of Leroy Seafood Group.
Prior to joining Norway Seafoods he was acting chief executive of Marine Harvest ASA, and a member of its corporate management team.
Earlier, he had worked at McKinsey & Company. Farstad holds an MBA from Insead in France and an MSc from the Massachusetts Institute of Technology.
He said: ‘I am very excited to start an exciting journey with Milarex. The company already has a strong operating platform and I’m sure we will grow and develop Milarex.’
Picture: Thomas Farstad, the new boss at Milarex