Nordic Aqua Partners appoints Mr. Andreas Thorud as managing director for China operations

Oslo, 13 October 2023 — Nordic Aqua Partners (OSE: NOAP), a pioneer and first mover in land-based salmon farming production in China, is pleased to announce the appointment of Mr. Andreas Thorud as the new managing director for its overall operational activities in China.

With a remarkable 17-year professional working career in China, Mr. Thorud brings high expertise and a deep understanding of the Chinese business landscape and the salmon market.

"We are thrilled to welcome Andreas Thorud to the Nordic Aqua Partners team. He possesses a profound knowledge of the salmon market, Chinese consumer behavior, working closely with Chinese Governmental Organisations and long-term industry trends. His extensive background in the Chinese seafood industry, coupled with his fluency in the language, Mr. Thorud will be an all-important resource in driving Nordic Aqua Partners' growth and success in this dynamic and strategically important market”, says CEO Ragnar Joenson.

Andreas Thorud has been an integral part of the Norwegian Seafood Council where he held the position of Head of the Seafood Council's overall operations in China.

Mr. Thorud has accumulated extensive experience within Chinese business life and culture, offering valuable insights into the Chinese seafood market and the local consumer market.

Prior to his role at the Seafood Council, Andreas Thorud spent a decade overseeing Aker BioMarine's operations in China and other key Asian markets, further solidifying his reputation as a seasoned professional in the industry.

Andreas Thorud's educational background includes studies at Nanyang Technological University in Singapore and [BI/NMH] in Oslo, showcasing his commitment to continuous learning and development.

Mr. Thorud will assume his role as managing director for Nordic Aqua Partners in China in the coming months. In this capacity, he will report directly to CEO Ragnar Joensen.

“In addition to collaborating closely with Andreas and the rest of the team on developing the salmon production site in Ningbo, China, I will focus particularly on advancing Nordic Aqua's ambitious growth plans, with a specific goal of reaching 20,000 tonnes and exploring opportunities to expand to 50,000 tonnes”, says Ragnar Joenson.