Endúr, a Norwegian company engaged in aquaculture, energy and maritime services, has announced a change in leadership at its wholly-owned subsidiary, Artec Aqua, with the appointment of Fredrik Emil Riise Langehaug as managing director.
Artec Aqua, a leading global supplier of technical infrastructure for land-based fish-farming facilities, is entering a new phase of growth, according to a stock exchange update from the company.
Langehaug steps into the managing director role after serving as Artec Aqua’s chief financial officer (CFO) for the past year. He previously worked at PwC for seven years and holds a master’s degree in finance from the Norwegian School of Economics (NHH). Langehaug succeeds Ingegjerd Eidsvik, who led the company for six years and has chosen to pursue opportunities outside Artec Aqua.
Endúr CEO Jeppe Raaholt acknowledged the challenges faced by Artec Aqua over the past 18 months, citing the Norwegian authorities’ halt on land-based fish-farming licenses and rising inflation and interest rates.
However, Raaholt expressed optimism about the company’s future, noting that regulations are now being clarified and Artec Aqua is launching several large projects.
“We are grateful for Ingegjerd’s contributions in establishing Artec Aqua as a global leader in its field, and we are pleased that Fredrik will provide continuity in leading the company into its next phase of growth,” Raaholt said.
In addition to Langehaug’s appointment, Anne Ma Skorpen Tomren, currently VP HSEQ at Artec Aqua, will assume the role of head of projects, reporting to Langehaug.
Artec Aqua has recently experienced significant growth in its order backlog. The company secured a contract from Sævareid Fiskeanlegg AS for a smolt production facility, with a potential maximum value of over NOK 600 million. Artec Aqua is also positioned to become a turnkey supplier for Geo Salmo’s land-based salmon farming project in Iceland, pending a final investment decision.
