Argeo AS

Board/Management Information • Apr 3, 2025

Argeo ASA: Trond?F. Crantz steps down as CEO

Argeo ASA: Trond?F. Crantz steps down as CEO

Asker, 3 April 2025 at 17:29 CEST.

The Board of Directors of Argeo ASA ("Argeo" or the "Company") (Euronext Oslo Børs: ARGEO) has today appointed Jan P. Grimnes to serve as interim CEO of the Company following a decision that the present CEO, Trond F. Crantz, will step down as chief executive effective immediately in order to dedicate his time and focus differently.

The board thanks Mr. Crantz for all his dedication and hard work throughout his period as CEO, during which Mr. Crantz and the management team has diligently built and successfully steered the Company from an entrepreneurial growth venture into the global and most reputable subsea service provider it currently is, and the board looks forward to cooperating with Mr. Crantz in this new phase.

"Argeo's standing as a professional and reputable provider of specialized subsea services, delivering fast and flexible full-lifecycle services to industry-leading clients with a truly global presence, is in no small part thanks to Mr. Crantz's good efforts, but as Argeo is now entering a new strategical phase of operations, further expanding within both the asset and service sphere, Argeo is equally in need of new competencies and resources to expertly navigate the Company through new waters", says Jan P. Grimnes, Chairman of the Board.

The board will initiate a structured process to identify the next permanent CEO of Argeo.

For more information, please contact:

Jan. P Grimnes, Chairman and acting CEO

Phone: +47 982 30 332

E-mail: jan.grimnes@redback.no

This information is considered to be inside information pursuant to the EU Market Abuse Regulation (MAR) and is subject to the disclosure requirements pursuant to MAR article 17 and § 5-12 of the Norwegian Securities Trading Act. This stock exchange announcement was published by Harald Blaauw, General Counsel at Argeo ASA, on the date at time provided above.

About Argeo ASA

Argeo is a comprehensive subsea service provider, operating across three major sectors: Oil & Gas, Marine Minerals, and Renewables. The Company offers a unique package that integrates robust vessels, state-of-the-art autonomous underwater vehicles (AUVs), advanced sensors, digital imaging technology, and an intuitive digital platform designed to collect and visualize complex data. 

With their own vessels and high-performance AUVs, Argeo delivers fast and flexible full-lifecycle services, including survey, inspection, maintenance, and repair, aimed at improving efficiency and reducing the carbon footprint for global, industry-leading clients. 

Founded in 2020, Argeo has established offices in Asker (Oslo), Edinburgh, Houston, and Rio de Janeiro. 

The Company is listed on Euronext Oslo Børs under the ticker: ARGEO. Please visit www.argeo.no for more information.