Icelandic Group Appoints New Managing Director of Gadus

REYKJAVÍK, Iceland--(BUSINESS WIRE)--Icelandic Group, the leading international seafood company of Iceland, announced today the appointment of Frank Tierenteyn as the new Managing Director of Gadus, a recently acquired fish processing company located in Belgium. Prior to joining Icelandic Group Mr. Tierenteyn served as a Director and General Manager at La Bretagne Logistics in Belgium. Frank Tierenteyn brings to Gadus extensive experience in both the local Belgian and international seafood sectors having been employed for many years at Pieters Group, a Belgian-based fish farming, processing and sales company now part of Marine Harvest Group. His career at Pieters Group began in 1984 where he carried out various executive and management functions reporting directly to the owner/Managing Director. In 1998 Mr. Tierenteyn led a leveraged management buyout of the company supported by IK Partners. Following the acquisition of Pieters Group by Fjord Seafood in 2000, he was appointed Executive Vice President of the Added Value division of Fjord Seafood. Between 2004 and 2011 Frank Tierenteyn served as CEO of Viangro Groupe SA, a meat processing company in Belgium.

“I am extremely excited that Mr. Frank Tierenteyn is joining Icelandic Group as the new Managing Director of Gadus. Frank has impressive experience in the seafood sector which bodes well for the future prospects of Gadus, and further strengthens the already solid management team at Icelandic Group”

“I am extremely excited that Mr. Frank Tierenteyn is joining Icelandic Group as the new Managing Director of Gadus. Frank has impressive experience in the seafood sector which bodes well for the future prospects of Gadus, and further strengthens the already solid management team at Icelandic Group,” said Magnús Bjarnason, CEO of Icelandic Group.

About Gadus

Gadus specialises in the production and sale of fresh and chilled fish products, in particular salmon and cod with approximately one third of the company's raw material sourced from Iceland. As the second largest fresh fish processing company in Belgium, Gadus counts some of the biggest food retailers in the country as clients.

About Icelandic Group

Icelandic Group is an international corporation with a history of 70 years in global fisheries. The company produces and sells fresh, chilled and frozen marine products around the world. Icelandic Group operates in the retail market as well as the catering and restaurant market. In recent years product development has been extended into more value-adding seafood meals for the retail market.