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Techstep ASA — Board/Management Information 2010
Sep 7, 2010
3770_rns_2010-09-07_f986cec9-36fb-4700-9471-560cd871bfdc.html
Board/Management Information
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Birdstep Technology ASA - Changes to Management Team and Board
Chief Financial Officer Alex Gundersen has given
notice that he is resigning from his position.
-In our continued efforts to focus resources on core
growth areas, the executive management group in
Birdstep Technology will now be located in Stockholm.
It's unfortunate that we could not convince Alex to
relocate to Stockholm. He has made an outstanding
contribution to Birdstep and his broad financial
competence and professional conduct will be missed. We
wish him all the best for his continued career,
knowing he will be a great asset to a new employer,
says CEO Torbjörn Sandberg.
As Alex Gundersen has resigned from his position as
Chief Financial Officer (CFO), Mr. Andre V. Demarest
has stepped down from the Board of Directors of
Birdstep Technology and will assume the role of CFO on
an interim basis with effect from today, 7 September.
Mr. Demarest resigned his position as a board member
on 6 September and also waived his rights to earning
an accrued board fee up to such date.
-Andre has an outstanding track record within finance,
corporate development and strategy, and Birdstep is
very fortunate to be able to so quickly fill the CFO
position with such a seasoned executive. This will
enable me even further to focus on driving strategic
growth initiatives, says CEO Torbjörn Sandberg.
Mr. Gundersen will remain in an advisory role from
Oslo during the remaining months of 2010 to secure and
manage the handover process to Mr. Demarest, who will
also manage the process of identifying a successor for
the CFO role.