The Board of Directors of Norwegian Property ASA has appointed Svein Hov Skjelle (48) as the company's new Chief Executive Officer (CEO). Mr Skjelle has been acting CEO since June this year when the previous CEO Olav Line decided to leave Norwegian Property as he accepted a position in another company. 

"Svein Hov Skjelle has been with the company for a long period and knows both the company and the industry well. We are very pleased that Svein Hov Skjelle has accepted the position as CEO of Norwegian Property,” says Chair of the Board Henrik A. Christensen.

"Norwegian Property is an exciting company with a portfolio of attractive assets. I look forward to contribute further in the development of Norwegian Property together with the rest of the organisation," says Svein Hov Skjelle. 

Svein Hov Skjelle has been Norwegian Property’s CFO in two periods, most recently since January 2010, when he came from a position as CFO in Entra.Before that he has been working at TeleComputing, Merkantildata and Veidekke He holds a MSc in Business from the Norwegian School of Economics and Certified Financial Analyst from the Norwegian School of Economics. 

Contact:

Chairman of the board, Mr Henrik A. Christensen, tel +47 909 67 683

E-mail:  henrik@rosom.no

This information is subject of the disclosure requirements according to §5-12 of the Norwegian Securities Trading Act ('Verdipapirhandelloven').