Wednesday April 27, 2022

27 April 2022; Athens, Greece:

The Board of Avramar Seafood Group, the world’s leading Sea Bass and Sea Bream company, today announced that its current Chair, Thor Talseth, has been appointed as Group Chief Executive Officer, effective May 1, 2022. He will be replaced in the Chair’s role by Craig Tashjian, Managing Partner at AMERRA Capital, Avramar’s majority shareholder.

“We could not have hoped for a stronger and more experienced CEO than Thor, who has been integral to Avramar’s formation and development since its inception. With growth returning to the global economy, we have seen a strong resurgence for Avramar’s products. Thor’s appointment will further accelerate our performance and strategic development,” said Mr. Tashjian.

Commenting on the news, Danny Dweik, Head of Industrials at Mubadala Investment Company, the co-investor in Avramar, said: “With his deep understanding of the company and the entire aquaculture sector, Thor is the ideal choice to take the company forward.”

Mr. Talseth has more than 20 years’ experience in the international seafood and aquaculture industry as an investor, senior executive, and sector-focused banker. He was appointed Chair of Avramar’s Board in June 2016 and is Founding Partner of Neptune NRCP LLC. Prior to this, he was head of private equity at AMERRA Capital Management LLC.

I am honored and excited to have the opportunity to lead Avramar into the next chapter of its evolution and am grateful for the trust that the owners have placed in me. My new role will enable me to harness the momentum that has been generated and to accelerate our pace towards new opportunities for innovation, expansion, and growth,” said Mr.Talseth.

Avramar focuses on the development and production of the globally recognized Mediterranean species of Sea Bass and Sea Bream, while at the same time developing a range of equally delicious species such as Stone Bass and Pagrus. The company is applying new technologies and processes to improve both production efficiency and product quality while maintaining its commitment to world-class sustainability standards.