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Einar Gjelsvik appointed CEO in Noreco

Stavanger, 22 June 2011: The Board of Norwegian Energy Company ASA (Noreco) is pleased to announce that Mr Einar Gjelsvik has been appointed as Chief Executive Officer (CEO) of the company.


Einar Gjelsvik (38) has been with Noreco since 2006, and has served as Acting CEO for the last three months. He has previously held positions as Chief Operating Officer and Vice President Strategy and Investor Relations. Before he joined Noreco, Gjelsvik held various positions in BP. Gjelsvik holds a MSc in Business Administration & Strategic Management, and a MSc in Chemical Engineering.

Einar Gjelsvik, CEO (+47 992 83 856)
Kjetil Bakken, VP Strategy & Investor Relations (+47 91 889 889)

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)

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