Borregaard ASA: Changes in the Group Executive Management

The following changes in Borregaard’s Group Executive Management will be effective as from today:

Tom Erik Foss-Jacobsen will take on the position as EVP Performance Chemicals. He will succeed Morten Harlem, who has left the company. Foss-Jacobsen has more than 20 years of experience with Borregaard and has served as EVP Speciality Cellulose since 2007.  

Gisle Løhre Johansen will take on the position as EVP Speciality Cellulose and Fine Chemicals. He has been with Borregaard since 1991 and comes from the position as EVP Fine Chemicals and SVP R&D and Business Development.

Kristin Misund will take on the position as SVP R&D and Business Development. She has been with Borregaard since 1993 and comes from the position as R&D Director.

Contacts:
Director Investor Relations, Jørn Syvertsen, +47 958 36 335
SVP Organisation and Public Affairs, Dag Arthur Aasbø, +47 918 34 108

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