AqualisBraemar LOC ASA announced that David Wells, CEO of company, has announced that he wishes to retire at year-end and step down as CEO of the group. The board of directors has appointed Wells? co-founder and current COO of AqualisBraemar LOC, Reuben Segal, as new CEO. The CEO change takes effect from 1 January 2022. Further, David Wells has agreed to support the group in an advisory role thereafter. Reuben Segal has been the COO of AqualisBraemar LOC since 2016. Prior to this he headed up the group?s Middle East operation.