AI Terminal

MODULE: AI_ANALYST
Interactive Q&A, Risk Assessment, Summarization
MODULE: DATA_EXTRACT
Excel Export, XBRL Parsing, Table Digitization
MODULE: PEER_COMP
Sector Benchmarking, Sentiment Analysis
SYSTEM ACCESS LOCKED
Authenticate / Register Log In

Desert Control AS

Board/Management Information Oct 15, 2024

3577_rns_2024-10-15_f3a9ca67-39ff-49a9-83c6-4e41a09b7fd5.html

Board/Management Information

Open in Viewer

Opens in native device viewer

DSRT: Desert Control Appoints Lars R. Eismark as Executive Chairman

DSRT: Desert Control Appoints Lars R. Eismark as Executive Chairman

Sandnes, Norway-15 October 2024: Desert Control AS ("Desert Control" or the

"Company") is pleased to announce the appointment of Lars R. Eismark as

Executive Chairman of its Board of Directors following Knut Nesse's planned

retirement. Mr. Eismark brings extensive experience in strategic consulting,

corporate development, and guiding technology-driven innovation, marking a new

chapter in Desert Control's journey as it advances its groundbreaking Liquid

Natural Clay (LNC) technology.

The appointment of Mr. Eismark follows a recruitment process initiated by the

board in March 2024. After formally joining as a board member following the

annual general meeting in June, he spent the past five months immersing himself

in the Company's operations, engaging with key stakeholders, visiting customers

and partners across the United States and the Middle East, and gaining a deep

understanding of Desert Control's pioneering work in soil health and water

conservation technologies.

Mr. Eismark has held senior leadership roles in a wide range of industries,

including strategy consulting as a Senior Partner at A.T. Kearney, Director

roles at Andersen Consulting and Radiometer, and advisory and board positions in

technology-driven and sustainability-focused organizations such as the World

Wildlife Fund (WWF), Uhrenholt A/S, Twoday A/S, and well-reputed international

PE firms. His expertise in guiding high-impact technology portfolios will be

valuable as Desert Control continues to drive innovation of its LNC technology

as a scalable soil-health platform. With a strong focus on the science behind

soil regeneration and its holistic impact on biodiversity, Desert Control is

positioned to lead the development of economically scalable soil and water

conservation solutions for agriculture, landscaping, reforestation, and nature

conservation initiatives.

"Lars Eismark is a highly respected leader with deep experience in areas

essential to Desert Control's mission," said James E. Thomas, board member and

largest shareholder of Desert Control. "His appointment underscores our

commitment to accelerating the development of our LNC technology, improving soil

health, conserving natural resources, and creating long-term value through

advanced R&D. I am confident his leadership will further strengthen the

Company's position to deliver innovative, economical solutions to address global

environmental challenges."

Knut Nesse, who has been the Chairman since 2018, leaves behind a legacy of

guiding Desert Control through critical phases of its early development. Under

his leadership, Desert Control transitioned from early-stage MVP technology to

field-tested prototypes, successfully listed on Euronext Growth in 2021, and

expanded its operations into the Middle East and North America. His

contributions laid a solid foundation for Desert Control's success in the

sustainable technology space.

"Knut leaves behind a company with strong technological foundations and a clear

path to unlock further scalability through its innovation efforts," commented

Mr. Eismark. "I am honored to step into the role of Executive Chairman at this

exciting juncture for Desert Control. I look forward to working closely with the

board and management team to continue advancing our mission of Making Earth

Green Again by deepening our R&D efforts to scale the impact of our technology."

As the Company continues advancing its technology development and commercial

scalability, Mr. Nesse expressed confidence in his successor and the Company's

trajectory. "It has been a rewarding journey to lead Desert Control's board over

the past six years," said Knut Nesse. "With Lars Eismark now stepping in, the

timing is right for this transition. I am confident that the Company will

continue to flourish under his guidance, and I will continue to follow Desert

Control's progress with great interest."

The Board of Directors expressed gratitude for Mr. Nesse's contributions and

leadership during his tenure. His efforts have created a strong foundation as a

technology-driven innovator in sustainable soil health and water conservation

solutions.

Looking forward, CEO Ole Kristian Sivertsen welcomes the leadership transition,

highlighting the alignment between Eismark's experience and the Company's

vision. "We are excited to welcome Lars to his new role as Executive Chairman,"

said Mr. Sivertsen. "His understanding of our innovative technology and business

opportunity, combined with the time he dedicates to engaging with key

stakeholders to support our mission, is invaluable. We are on track to meet our

development milestones, including scaling production capabilities to support

commercial deployments and accelerated market adoption with exciting times

ahead."

For further inquiries, please contact:

Ole Kristian Sivertsen

CEO, Desert Control

Email: [email protected]

Mobile: +47 957 77 777

About Desert Control:

Desert Control develops innovative solutions to enhance soil health, conserve

water, and promote ecosystem resilience. The company's mission is to combat

desertification, soil degradation, and water scarcity. Our patented Liquid

Natural Clay (LNC) transforms sandy, fast-draining soils to retain water and

nutrients, improving soil health, crop yields, and ecosystem vitality while

conserving water. Desert Control provides customized solutions to strengthen

sustainability, profitability, and prosperity for agriculture, forests, and

green landscapes. In collaboration with partners and clients, we aim to preserve

natural resources, restore biodiversity, enhance food security, and ensure a

climate-resilient future.

For more information, visit https://www.desertcontrol.com

Important Notice:

This information is subject to the disclosure pursuant to the continuing

obligations for companies admitted to trading on Euronext Growth Oslo and the

requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

Talk to a Data Expert

Have a question? We'll get back to you promptly.