Nordic Semiconductor

Board/Management Information • Aug 4, 2014

New CFO at Nordic Semiconductor ASA

New CFO at Nordic Semiconductor ASA

Pål Elstad has been appointed Chief Financial Officer

(CFO) of Nordic Semiconductor ASA. Pål Elstad will

report to Svenn-Tore Larsen, Chief Executive Officer,

and commences his position no later than September 1,

2014. Pål Elstad will be located in Oslo.

"I am very pleased to announce the appointment of Pål

Elstad. His background from a challenging growth

industry as well as his international profile will be

a great contribution to the management of Nordic

Semiconductor ASA", says Svenn-Tore Larsen.

Pål Elstad has held several senior financial

positions, most recently as investor relations

responsible for REC Silicon ASA and Head of Finance

for REC Solar in Singapore. In addition, he has

extensive manufacturing and supply-chain experience

from General Electric Healthcare. Mr. Elstad holds a

Bachelor of Economics degree from the Norwegian

Business School (BI) and is a State Authorized Public

Accountant (CPA).

For further information, please contact:

Svenn T Larsen, CEO. +47 98285476