10.10.11
The omega 3 lipids corporation previously formed by Trygg Pharma and former EPAX AS will be named EPAX AS. Former EPAX AS will become Epax Norway AS, a fully owned subsidiary and the key operating company of the EPAX group. The new CEO is Terje Bakken, former senior vice president, head of supply and trade, Yara ASA, and member of Yara’s executive team since 2004. Mr. Bakken has been heading the new EPAX Group since July of this year. The EPAX AS business has its headquarters in Oslo, Norway.