Managing Director of Marine Harvest Chile, Mr. Alvaro Jimenez, has decided to step down with effect from today, 10 January 2011.

To ensure a smooth handover to the new Managing Director, Mr. Jimenez will work as a special advisor for Marine Harvest Chile until 10 April 2011. Jimenez has been the Managing Director in Chile since April 2008.

'We are grateful for Alvaro Jimenez' strong contribution in the significant downscaling and turnaround of our Chilean operations over the last years, required when the ISA disease struck the entire Chilean salmon farming industry in 2007. He took over management at a critical point in time and has rapidly reduced Marine Harvest's exposure in Chile and positioned the organisation and the asset base for profitable growth when the conditions are right. On behalf of Marine Harvest I wish Alvaro the best of luck in his future endeavours,' says the CEO of Marine Harvest, Alf-Helge Aarskog