25th November 2015
RenoNorden ASA: CEO Staffan Ebenfelt to step down
Staffan Ebenfelt, CEO of RenoNorden ASA (“RenoNorden” or the “Company”) has notified the Board of Directors of his decision to resign from the Company.
Staffan Ebenfelt says: “I have decided to leave RenoNorden as CEO due to personal reasons. In a longer-term perspective it will be hard for me to combine the role as the CEO of a publicly listed company in Norway with living in Sweden and overseeing operations across all Nordic countries. Extensive travelling and time away from home has had negative effects on my personal life and it is therefore right for me to take this decision now.”
“I regret leaving RenoNorden, which is a very exciting company with highly competent employees and with an exciting future. I have enjoyed good cooperation in working with the Board of Directors and the Executive Management Team. I am fully committed to serve in my role as CEO until my replacement has been found” Staffan Ebenfelt concludes.
Erik Thorsen, Chairman of the board, says: “Although the Board respects Staffan’s decision, we still regret that he has come to the conclusion of leaving RenoNorden. Staffan has steered the Company through a challenging listing process and has taken important steps to enhance the competitive position of the Company in a challenging market environment. Throughout 2015, the Company has been growing its revenues across all markets and our current order backlog is record high. Staffan and his management team have driven efficiencies and growth initiatives that will be important pillars in the further development of the Company and we have enjoyed an excellent working relationship with both Staffan and the management team during this critical period.”
“The Board will initiate the process of hiring Staffan’s replacement to secure continuation of leadership and operational excellence. We are glad that Staffan will continue to be an employee of RenoNorden ASA throughout 2016 and that he has committed to continue as CEO until his replacement is found and manage an orderly transition”, Erik Thorsen concludes.
Mr Ebenfelt will remain at the disposal of the Company throughout 2016, and he will retain his salary and other benefits in that period.
For further queries, please contact:
Staffan Ebenfelt, CEO
Tel: +46 840808001
Erik Thorsen, Chairman of the Board
Tel: +47 90756685