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KONGSBERG appoints new Executive Vice President for Strategy and Business Development

Iver Christian Olerud has been appointed the new Executive Vice President for Strategy and Business Development in Kongsberg Gruppen ASA.

Mr Olerud takes over from Harald Aarø, who was recently appointed head of the company's space division. He has a Master of Science degree in Economics and Business Administration from NHH Norwegian School of Economics and many years' experience of finance, M&A activities and business development in international listed companies.

He has most recently been Chief Financial Officer (CFO) in Kongsberg Defence & Aerospace, and also worked for many years for Telenor, where he among other things was responsible for the finances of the company's transformation programme and was CFO of Telenor Norway's B2B division. Mr Olerud also has wide-ranging experience of Board of Directors work.

"By appointing Iver, we have gained a skilled leader and good team player with broad international experience. He brings expertise in finance and business development and I'm confident that he, together with the rest of the team, will help to realise the company's development plans," says Geir Håøy, CEO of Kongsberg Gruppen.

For more information please contact:

Ronny Lie, Chief Communication Officer in KONGSBERG

M: +47 916 10 798