Noreco Appoints New CEO (Norway)

The Board of Norwegian Energy Company ASA (Noreco) announced that Svein Arild Killingland has been appointed as Chief Executive Officer (CEO) of the company group.

Svein Arild Killingland will take office on Monday 13 May 2013.

Svein Arild Killingland (57) was until recently employed as Senior Partner in HitecVision (2010-12). Killingland has previously held positions in Statoil, Revus Energy and Wintershall, predominantly within upstream oil and gas business development. Killingland holds a degree in Economics and Management from the Norwegian School of Economics and Business Administration.

Noreco has entered into a resignation agreement with the former CEO Einar Gjelsvik which implies that Gjelsvik will be available for Noreco and the new CEO in an interim period.

“The Board wishes to place on record its thanks to Gjelsvik for all the hard work he has put into the company during a challenging period. Gjelsvik has shown himself to possess a great capacity for work, and the Board wishes him all the best in his future endeavours,” said the company in a statement.

[mappress]

Press Release, May 13, 2013