Board Member Transitions to Key Operational Role in Construction

10 October 2025

Andfjord Salmon (OSE: ANDF) today announced that Gro Skaar Knutsen is stepping down from the company’s board of directors to assume an operational role within its large-scale construction activities at Kvalnes, Andøya. Her deep industry expertise and leadership experience will be instrumental in driving the company’s ambitious development plans forward.

Following her resignation as CEO of Peab Bjørn Bygg in 2024, Gro Skaar Knutsen has steadily increased her involvement with Andfjord Salmon through her work as an external consultant. In her new role, she will lead initiatives aimed at identifying and implementing efficiency measures, while creating synergies across the construction process. A key focus will be securing repeatability effects in the production of pools, ensuring continuity, cost optimization, and continuous improvement in future expansion phases.

Gro Skaar Knutsen brings extensive leadership and technical expertise to Andfjord Salmon. She previously served as CEO of Peab Bjørn Bygg, one of Northern Norway’s largest construction companies, and has held senior project consultant and engineering roles at Sweco. She also has more than a decade of experience as a trusted advisor to construction companies across Norway.

“We are delighted that Gro has chosen to take on a more hands-on role in our operations. Her proven track record in large-scale construction projects and strong leadership skills will significantly strengthen our ability to execute on our growth strategy at Kvalnes,” said Martin Rasmussen, CEO of Andfjord Salmon.