Samherji’s Fishrot boss back on job

The Icelandic fishing company says Baldvinsson is the man to have around in a crisis.

01 April 2020 | Fishing



The Icelandic company implicated in the Namibian Fishrot scandal, Samherji, last week announced that its disgraced former CEO, Thorsteinn Már Baldvinsson, would return to the company as co-CEO.

Baldvinsson was asked to step aside late last year because of his alleged complicity in the Fishrot saga and pending an internal investigation into Samherji subsidiaries’ alleged wrongdoing in Namibia.

Crisis management

Samherji said Baldvinsson’s return to the company is to lead the group’s crisis response amid the coronavirus pandemic.

He is to remain in this position until the board decides otherwise.

Samherji last week said the investigation, which was commissioned by its board of directors and supported by the international law firm Wikborg Rein in Norway, is “well under way”.

“The investigation will continue unaffected and without interruption from changes in the Group’s management. Wikborg Rein’s reporting lines will remain to the board of directors,” Samherji said in its statement.


It said it expected some delays in the investigation due to extraordinary circumstances forced upon the world by the pandemic.

The company’s acting CEO, Björgólfur Jóhannsson, in a circular to Samherji employees in December last year, said a “large part” of the allegations of bribery for fishing quotas in Namibia was “unfounded”.

Jóhannsson also claimed that whistleblower Jóhannes Stefánnsson’s trove of leaked documents, which exposed the Fishrot scandal, were “cherry-picked” and reason enough to doubt Stefánnsson’s allegations.

Samherji said Baldvinsson has strong leadership and detailed knowledge of the company’s operational aspects critical to handle any crisis that may arise due to the coronavirus outbreak.

It said Baldvinsson had previously guided Samherji through the Icelandic banking meltdown and global financial crisis “with outstanding results”.

Similar News


Fishermen given ultimatum to return to work

1 month - 17 August 2021 | Fishing

JEMIMA BEUKES WINDHOEKThe fisheries ministry has warned re-integrated fishermen refusing to return to...

Illegal fishing nets destroyed at Sikunga fish protection project

1 month - 10 August 2021 | Fishing

NAMPAWINDHOEKMore than 70 kilometres of fishing nets were recently confiscated from illegal fishermen and destroyed by the Sikunga fish protection project guards.Fourteen people fishing illegally...

Fishing company donates to people with disabilities

2 months ago - 22 July 2021 | Fishing

ENZO AMUELEKalifi Fishing has donated N$100 000 to the National Federation of People with Disabilities in Namibia (NFPDN).As part of its corporate social investment programme,...

Fishcor ship stable for now, Jooste says

2 months ago - 08 July 2021 | Fishing

OGONE TLHAGE WINDHOEK The appointment of a CEO for the National Fishing Corporation (Fishcor)...

Samherji apologises for Fishrot corruption

2 months ago - 23 June 2021 | Fishing

STAFF REPORTERWINDHOEKIcelandic seafood giant Samherji yesterday tendered an apology for the company’s role in the multimillion-dollar fishing scandal, dubbed Fishrot, but it maintains that no...

Ausiku wants equitable fishing quota allocations

3 months ago - 08 June 2021 | Fishing

Kenya KamboweRUNDUKavango West governor Sirkka Ausiku has expressed disappointment with regards to the poor allocation of fishing rights to her region.Grappled by high levels of...

Fishermen demonstrate over ‘misunderstandings’

3 months ago - 07 June 2021 | Fishing

LEANDREA LOUW WALVIS BAYCavema Fishing refuted claims made against it as “misunderstandings” after almost...

Fishermen demonstrate over ‘misunderstandings’

3 months ago - 03 June 2021 | Fishing

LEANDREA LOUW Walvis Bay [email protected] Cavema Fishing refuted claims made against it as “misunderstandings” after almost 700 fishermen demonstrated and handed over...

Re-employed fishermen up in arms

3 months ago - 02 June 2021 | Fishing

LEANDREA LOUW WALVIS BAYFishermen who were recently re-employed at Cavema Fishing held a demonstration...

Govt sings auction praises

3 months ago - 01 June 2021 | Fishing

JEMIMA BEUKES WINDHOEKThe country’s second fishing quota auction in less than a year managed to dispose 15 948 metric tonnes of...

Latest News

Favourable environment to invest in...

12 hours ago | Economics

PHILLEPUS UUSIKUNamibia is currently in a buyers’ market, making it a good time to invest in a property or a dream home. According to Frans...

‘She is an unruly drunkard’

12 hours ago | Justice

TUYEIMO HAIDULA ONDANGWA The woman accused of beating her daughter Wilka Shikongo so...

Swapo blasts ECN, boycotts recount

12 hours ago | Politics

JEMIMA BEUKES WINDHOEKThe ruling party has taken serious issue with the Electoral Commission of Namibia’s (ECN) decision to recount ballot papers...

A young man feeding the...

12 hours ago | Agriculture

Rivaldo KavangaNdatulumukwa Haikali, known for his passion for agriculture and empowering young people in the agricultural sector, has made great strides in the Namibian agricultural...

China losing battle to sell...

12 hours ago | Economics

ANNIE THOMASMuch has ground to a halt during the coronavirus pandemic, but not the march of Sino-Congolese friendship. The Chinese embassy in Kinshasha is keen...

EDITORIAL: Swapo must respect electoral...

12 hours ago | Opinion

For years, the opposition in Namibia was blamed, sometimes correctly, of tainting the credibility of our elections.This is because even when there was no shred...

Your voice

12 hours ago | Opinion

This week we asked Unam hostel students to share their opinions on online dating and how can they protect themselves from catfishing.Patience MbungaOnline dating can...

Youth unemployment crisis

12 hours ago | Youth

Rivaldo KavangaShocking statistics were brought to light in parliament in the last two weeks as it was discovered that the highest qualification of 229 259...


12 hours ago | Youth

Young children have learned a lot about the importance of hygiene during the pandemic. A learner from Orwetoveni Primary School in Otjiwarongo is seen washing...

Load More