Atlantic Sapphire makes management changes, COO Rajeswaran replaced

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Taking action after another setback.

On March 23, Atlantic Sapphire once again a experienced high mortality event at one of its two fish farms. This time it was in the company’s Bluehouse in Florida, where 500 tonnes of salmon were lost.

The company immediately concluded that the extraordinary mortality was due to “a design weakness from the company’s RAS supplier.”

At the time, RAS supplier Billund Aquaculture told SalmonBusiness that they did not understand or were informed of the criticism.

Dharma Rajeswaran. PHOTO: Private

Last night, it was announced that Atlantic Sapphire’s COO Dharma Rajeswaran, has received a new work title. He will now hold the role of “chief of staff” at the company. Rajeswaran is replaced by CEO Johan E. Andreassen’s long-term partner and Atlantic Sapphire co-founder Bjørn-Vegard Løvik.

Løvik started working together with Andreassen in 1995. The duo eventually entered into salmon farming and developed the company Villa Organic. The shares in Villa Organic were sold to Roger Hofseth in 2010 for EUR 9 million. Part of these funds then went into the company Alsco, which later established Atlantic Sapphire.

Dharma Rajeswaran has, for several periods, worked with Andreassen and Løvik. He will still do so, but then in a different role than the one as director of the company’s aquaculture business.