Ocean Sun

Board/Management Information • Feb 15, 2024

Ocean Sun announces a transfer of leadership

Ocean Sun announces a transfer of leadership

The Director for North-East Asia, Kristian Tørvold is appointed to the role of CEO to Ocean Sun, while the current CEO and founder, Børge Bjørneklett, leaves the company.

The Board of Directors of Ocean Sun today announced that Kristian Tørvold is promoted to CEO effective immediately, replacing the founder, Børge Bjørneklett.

“Under Børge´s leadership, Ocean Sun has built a strong patented technology within floating solar. We would like to thank Børge for his passion and years of dedication put into building the company, not only as the inventor of all patents, but also for leading the company´s evolution over these important years, launching several pilots demonstrating the company´s technology.”

Looking forward, the Board of Directors believe no-one is better positioned than Kristian Tørvold to lead the company in scaling up. As a member of Ocean Sun´s management team for 5 years, Kristian has played a leading role in building up the North-East Asia office before relocating to Norway. His understanding of the important Asian market, combined with his varied skills in operations and business development, make him very well qualified for leading Ocean Sun.

About Ocean Sun:

By combining Norwegian maritime expertise and knowledge within photovoltaics, Ocean Sun has developed an innovation that offers a bold solution to our global energy needs. The patented technology is based on solar modules resting on pliable membranes and offers cost and performance benefits not seen in any other floating PV system today. With offices in Oslo, Singapore and Shanghai, Ocean Sun aims to become the world's leading technology provider of floating solar.

This message contains inside information pursuant to the European Market Abuse Regulation. May Kristin Salberg, Chair of the board of directors, is responsible for the public announcement of this message.