Management changes at Kongsberg Seatex

Pursuant to an agreement with the current Chairman of the Board, Torfinn Kildal, President of Kongsberg Maritime AS, Bjørn A Fossum took over as Chairman of the Board of Kongsberg Seatex in January.

In addition to chairing the boards of Kongsberg Seatex and SeaFlex AS, Mr Fossum will perform strategic assignments for Kongsberg Maritime.

In accordance with his employment agreement, Bjørn A Fossum had the option to leave his position as president of Kongsberg Seatex AS as of the end of December 2006, and decided of his own volition to take advantage of that option.

Mr Fossum was one of the founders of Seatex, and has been a key figure in the development of the company. He has been at the helm since 1994. Ever since its establishment, Kongsberg Seatex AS has seen profitable growth and today, the company is recognized as a world leader in maritime positioning and motion measurement.

Gard Ueland now holds the position of President of Kongsberg Seatex, having worked for the company since 1987, most recently as Vice President - Development. Through his work on new satellite-based navigation systems - including the Galileo system – Mr Ueland has gained extensive international experience and expertise in the company’s target areas and represents continuity in the company’s development.OSJ