M Vest Water AS (the "Company") announces that the CEO, Mr. Stein Giljarhus, has
informed the Board that after careful considerations, he has decided to step
down from his position as CEO of the Company for retirement purposes and to
spend more time with family.
Mr. Stein Giljarhus will assist the Board in an advisory role during the
transition phase until a new permanent CEO is in place.
"We see an increased interest and demand for environmentally friendly water- and
wastewater treatment products and processes. MVW is a leader in the development
of high-performance and environmentally friendly and natural solutions enabling
zero discharge for water treatment in different sectors. Our product portfolio
has documented advantages for a wide range of industries. I am proud of the
technological and commercial achievements, documented by several leading
industrial clients' selection of MVW products, and now I think it's a good time
to bring in fresh leadership, where the focus will be on increased sales and
implementation of our solutions," says Mr. Stein Giljarhus.
Mr. Stein Giljarhus, who joined MVW in 2019 as the CEO, has been instrumental in
the development and growth of the Company. He also led the Company through the
Euronext Growth Oslo listing process.
"The Board is appreciative of the efforts of Mr. Giljarhus and wishes him all
the best for the future. His long experience from the Oil & Gas Industry as well
as his leadership capabilities has been appreciated," says Mr. Tor Olav
Gabrielsen, Chairman of the Board.
A recruitment process has been initiated to find a suitable successor. Until a
permanent successor is in place, the Company's Chairman of Board, Mr. Tor Olav
Gabrielsen, will take on further responsibilities as Executive Chairman of Board
in the interim period.
For more information, please contact:
Morten Hilton Thomassen, CFO
mht@mvestwater.com
+47 92 25 85 70
Tor Olav Gabrielsen, Chairman
+47 92 40 86 07
About M Vest Water AS:
M Vest Water is an environmental technology company which has developed unique
products and solutions to the water treatment industry, both Industrial as well
as the Municipal markets. The products are non-toxic, biodegradable and without
any harm to the environment. It obtains the highest degree of purification in a
cost-efficient arrangement.
M Vest Water is listed on Euronext Growth under the ticker MVW. For more
information, visit www.mvestwater.com.
This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act.