Former CEO earns hundreds of millions from Salmar shares

SalMar on Frøya in TrøndelagSalMar on Frøya in Trøndelag.Photo: Gorm Kallestad / Scanpix

Former CEO, Leif Inge Nordhammer, of Salmar has earned NOK 443 million this year on the shares he held when he stepped down in 2016.


“It has been a pleasant journey to be a shareholder in Salmar, which is shown in this story,” said the investor to Finansavisen newspaper.

According to the shareholder register, he owns more than 2.3 million shares in Salmar,both directly through the investment company, Lin, and indirectly through the owner’s office in Kverva.

Based on today’s price, the shareholding in Salmar is worth NOK 994 million.

Since the New Year,the Salmar share price has increased by 81%, which has again increased the value of Nordhammer by NOK 443 million.

According to the American news and marketing agency, Bloomberg, 9 out of 13 analysts believe that shareholders should sell out of Salmar. Nordhammer doesn’t care.

“I think analysts have had a negative view for a long time, and the vast majority have failed with their analysis of the industry and price developments. It’s been a while since I stopped listening to them,” he said.


© NTB scanpix / #Norway Today