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OKEA ASA

Board/Management Information Aug 27, 2019

3701_rns_2019-08-27_ae535d00-1839-4d1d-bd26-0679fa15d676.html

Board/Management Information

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Changes in the Management of OKEA

Changes in the Management of OKEA

Changes in the Management of OKEA

OKEA's operations has over the past year grown significantly both in terms of

production, revenues and number of employees. The company's head office is in

Trondheim and the operations centre is in Kristiansund. We also have employees

in Oslo and Stavanger.  As a reflection of our growth and the resent listing on

the Oslo Stock Exchange, the company has strengthened its financial department

with new positions in Trondheim, including cost controllers and business

analysts. OKEA will further strengthen the capability of the Company to deliver

the ambitious targets which we have set for ourselves and has decided to

concentrate all financial activities and to hire a new CFO that will be based in

Trondheim.

Following this, SVP Finance and IR Knut Evensen will assume a position in

Business Development in the Oslo office from 1st September. From this date Ståle

Myhre will take on the position as VP Investor Relation and Communication, while

VP Finance Hugo Breivik will be responsible for finance until a new CFO has been

hired. SVP Accounting and Control Kjersti Hovdal will continue in her present

position.

Contact: Erik Haugane, +47 90721655

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