NPRO; Mr Olav Line appointed as new CEO of Norwegian Property

Mr Olav Line has been appointed as new Chief Executive Officer of Norwegian Property ASA. 

The board is very pleased with the appointment. Norwegian Property gets an experienced leader who has delivered solid results over a long period of time, and who knows the business areas well. He also has broad experience from management of larger, listed enterprises.

Mr Olav Line (51) has been the Chief Executive Officer of Steen & Strøm AS since 2003. He has 25 years of experience from the Norwegian and Nordic commercial real estate markets, inter alia through leading positions in NSB, Storebrand and Andenæs.  

The present CEO of Norwegian Property, Mr Petter Jansen, will leave the company on 1 October 2009. At the same time, Ms Mari Thjømøe, currently the Chief Financial Officer of the company, will be constituted as Chief Executive Officer. Mr Olav Line's starting date will be agreed within a short period of time.
Oslo, 21 September 2009
Contact persons;
Tormod Hermansen, Chairman of the board, (+47) 91705220
Olav Line, (+47) 48254149