Chief Executive Officer of TeleComputing ASA

The Board has appointed Sven Tore Kaasa as incoming Chief Executive Officer of TeleComputing ASA. Sven Tore Kaasa will replace André Løvestam.

Sven Tore Kaasa is currently Managing Director of TeleComputing Norway AS, and has led the strong growth in revenue and profitability of the IT Operations business in Norway during the last several years. He combines a deep understanding of the company’s IT operations with a strong commercial and customer relations perspective. He was first employed in TeleComputing in 1999, and has also previously served in positions as Sales Director of TeleComputing Norway and as a Board member of TeleComputing ASA.

In addition to his experience with TeleComputing, Sven Tore has had over 10 years experience in the IT industry, including diverse management positions with Cinet AS. He has also worked for Honeywell AS and Infostream Services AS. Sven Tore has a degree in economics from BI and a degree in engineering from Kongsberg Ingeniørhøgskole.

- The Board of TeleComputing is delighted to promote Sven Tore Kaasa to the Chief Executive Officer position. Sven Tore has been successful in building a highly profitable TeleComputing Norway business and in contributing to the development of the company as a whole. With his deep understanding of TeleComputing’s operations, he is perfectly positioned to lead the company in pursuing its strategic objectives to optimize profitabilty and cash flow in the current economic environment, says Chairman of the Board Erik Henriksen.