Oslo, 25 February 2025 - Arribatec Group ASA today announced that its Chief
Executive Officer, Geir Johansen, will be stepping down from his role effective
1 March 2025. After three years of dedicated service, Mr. Johansen has decided
to pursue new opportunities and personal endeavours.
"We thank Geir Johansen for his leadership and significant contributions to our
company. Under Mr. Johansen's guidance, Arribatec successfully navigated a
consolidation phase followed by a turnaround amid deteriorating market
conditions. The company is currently close to finalising this phase and the
Board believes that the company now is in a much stronger position" said Board
Chair Håkon Reistad Fure.
"I am proud of the progress we have made together during my tenure at Arribatec.
It has been a great experience to work with such a talented global team and I am
confident that the company, following an extensive restructuring period, is
well-positioned for continued growth and success. As I move on to new
challenges, I look forward to seeing Arribatec reach new heights and even larger
goals".
The Board has appointed Ole Jakob Kjølvik as interim CEO. Mr. Kjølvik knows the
group well both as the former COO and currently as EVP of EA&BPM and the Board
is confident that he is in a good position to lead Arribatec going forward. Mr.
Johansen will for a period be available to support Mr. Kjølvik as he takes over
the reins. The Board will initiate an extensive search for a new CEO including
both external and internal candidates.
About Arribatec | www.arribatec.com
Arribatec is a software and consulting company headquartered in Oslo. With a
customer-centric engagement model combined with a deep system, integration, and
domain competence, Arribatec builds long-term strategic partnerships with a
broad customer base. Arribatec serves more than 1700 companies spread over 25
countries and various industries in the private and public sectors. The company
employs over 280 people with offices in 11 countries and is listed on the Oslo
Stock Exchange under the ticker code ARR.
This information is considered to be inside information pursuant to the EU
Market Abuse Regulation, and was published by Geir Johansen, CEO, on the time
and date provided.
For further information, please contact:
Håkon Reistad Fure
Chairman of the Board
Arribatec Group ASA
+47 40 88 90 18
hakon@colbertinvest.no