Noreco CEO steps down

Offshore staff

STAVANGER, Norway – Tommy Sundt has stepped down as CEO of Norwegian Energy Co. ASA (Noreco).

He will continue to fill the role as general manager for the Norwegian operations until the end of 2015.

Riulf Rustad will intensify his efforts with the board, and Silje Augustson will in her capacity as executive director take on the group CEO role and assume additional functions and responsibilities related to the daily operations of the group.

Noreco says the board has had a dialogue with the nomination committee and agreed that the board roles will be proposed to be reshuffled at the next general meeting. Specifically, it will be proposed that Rustad formally take over as chair of the board from Augustson who will continue as a board member alongside Julien Balkany.

10/13/2015

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