Mr. Bjørn Olafsson has with effect from today been appointed as Deputy Managing Director and member of the corporate management team in TTS Group ASA ("TTS"), the company said in its press release.
In a period of challenging changes, TTS sees the necessity to strengthen the Group Corporate management team, and at the same time give room for the Group's CEO to focus further on heavy operative tasks.
Mr. Olafsson will be responsible for Group Finance, IR/Communications and IT. Mr. Olafsson is today self-employed. He has extensive experience from different board- and management positions within banking/ insurance, international- and oil & gas industries.
Mr. Olafsson serves as Chairman of TTS' nomination committee. The board of TTS Group has announced that he will step down from the nomination committee with immediate effect.