Financial statements published by Royal Greenland indicate trends going in the right direction as these show a DKK48 million improvement over last year’s result and a DKK102 million compared to the year before that.
The figures were made available at an extraordinary general meeting in continuation of the AGM held in May this year, to allow the new government of Greenland to familiarise itself with areas of responsibility, including the ownership of self-governing limited liability companies such as Royal Greenland.
At the same meeting, Niels Thomsen was appointed the new chair of the Royal Greenland board, replacing Maliina B Abelsen, who steps down as chair of the board of directors after the extraordinary general meeting after having served in the post since 2022.
‘I am grateful for the trust the owner has shown in me by choosing me as chairman of Royal Greenland. When you are asked if you want to take on a responsibility of this importance, you cannot say no – especially when you look at the company’s role and importance for the entire Greenlandic society,’ Niels Thomsen said on his appointment.
He commented that Royal Greenland is a cornerstone of Greenland’s economy and a key player in the international fishing industry.
‘We have been through challenging years, but we are now starting to see progress. However, the work has only just begun. We must develop further, strengthen our commercial focus and ensure that we are at least as competitive as our largest international competitors,’ he said.
‘My goal is for Royal Greenland to be both a well-run and competitive company while also living up to the social responsibility that comes with being Greenland’s largest company. We must focus on investments in the commercial activities we have here in the country, with the aim of creating results that both strengthen our position globally and contribute to growth and opportunities in Greenland.’
Outgoing chairman Maliina B. Abelsen said that after three intense years, it was time to hand over the chairman’s role.
‘It has been an honor to lead the work through a demanding turnaround and clean-up of commitments abroad, the launch of the INUA 2027 strategy, strengthening management in Nuuk and initiating the construction of a new head office. It has required tough decisions, but the most important thing for me has always been that Royal Greenland contributes to the entire Greenlandic society,’ she said.
