Odd Arne Slettebø new CFO of Noreco

Stavanger, 24 November 2014: Norwegian Energy Company ASA (“Noreco” or the “Company”) has appointed Odd Arne Slettebø as Chief Financial Officer (CFO). 

Odd Arne Slettebø replaces Tommy Sundt who has been appointed new CEO of the Company. Slettebø joined Noreco in August 2012 and was until now Group Finance Manager of Noreco.

“I am very pleased to announce that Odd Arne Slettebø will be my successor as CFO. He is highly skilled and knows the Company very well, which will secure continuity in the team,” says Tommy Sundt, CEO of Noreco.

Slettebø is a state authorised public accountant and holds a master degree in Accounting and Auditing from Norwegian School of Economics and Business administration (NHH), in addition to a Bachelor degree in Business administration from Bergen University College.

Before joining Noreco he was Audit Manager in PwC (PricewaterhouseCoopers) where he had worked five years with audit of large and medium sized clients in the oil & gas and oil service industry.

Having had the responsibility for reporting of external accounts, Slettebø has worked closely with previous CFOs in connection with execution and communication of a series of complex restructuring and refinancing processes in the Company.

Contacts:
Tommy Sundt, CEO Tel.: +47 992 83 900
and Geir Arne Drangeid, IR contact on Tel.: +47 913 10 458
Or email: investorrelations@noreco.com

This information is subject of the disclosure requirements pursuant to section of 5-12 of the Norwegian Securities Trading Act

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About Norwegian Energy Company ASA

Noreco is an independent Norwegian oil company. The company's focus is to explore, develop and produce oil and gas in the North Sea region. Since incorporation in 2005, the company has grown through licensing rounds, exploration and acquisitions. Noreco operates in Norway, Denmark and United Kingdom, and employs 53 oil and gas professionals. Noreco is listed on the Oslo Børs (ticker NOR). For further information, please visit: www.noreco.com.