Frøy reorganises for growth

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Wellboat supplier and aquaculture support company Frøy is strengthening its onshore organisation and support functions, following the group’s sale to international investment group Goldman Sachs Asset Management.

SalMar sold Frøy to Goldman Sachs for £482m in June of this year.

Managing director Tonje Foss said Frøy is experiencing a growing number of assignments, with more vessels and people on their way into the company.

She added: “We are continuously building new vessels in both the service and the well boat segment, we have added many more people.”

“We need an organisational structure that enables us to grow further in the coming years, and which not least contributes to good ways of working together in such a large company with departments all along the Norwegian coast.”

Arnt Solem, COO Frøy Group

As part of its plan for growth, earlier this year Frøy appointed industry veteran Arnt Solem to the new post of Chief Operating Officer, with responsibility for business development and innovation.

He commented: “All operations, technical, purchasing and development of new vessels are now entered into the same department for closer collaboration across the board.

“Together with our skilled team we will continue to develop the best for our customers and the years ahead.”

Frøy said another area that is becoming increasingly important for both suppliers and customers is sustainability, with an increasingly fleet. The company has pledged to recruit more people, internally and externally, to meet the demand for “greener” vessels.

 

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