The Board of Directors of Aktiv Kapital ASA has today appointed Geir Langfeldt Olsen (38) as new CEO of the company effective 19 September 2011.Mr. Olsen comes from Cisco Systems Inc were he was responsible for worldwide
sales of Video and Telepresence. He came to Cisco through the acquisition of
Tandberg, where he held a variety of leadership roles in Sales, Marketing and
Strategy. Prior to Tandberg he was in McKinsey and Company where he was a part
of the Scandinavian Leadership Group for Financial Services."We are very pleased that Geir Langfeldt Olsen has accepted to join Aktiv
Kapital. Mr. Olsen is a strong leader with a proven track-record. Having gone
through a period of operational improvement and cost cutting Aktiv Kapital is
set to expand. Mr Olsen's commercial mindset and international sales experience
is an excellent match with the company's ambitious growth plans", states Mr.
John Fredriksen on behalf of Geveran Trading, Aktiv Kapital's major shareholder."I look forward to lead this company through this next phase of growth. The
number of Non Performing Loans in Europe has more than tripled from 2007. Aktiv
Kapital has a very strong foundation through a hard-working organization and
good market reputation to capture this opportunity", states Geir Langfeldt
Olsen.Oslo, 8 September 2011Contacts:
Chairman of the Board, Fredrik Halvorsen phone + 44 7584 680436
CEO, Geir Langfeldt Olsen phone + 34 637 496 224This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)This announcement is distributed by Thomson Reuters on behalf of
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originality of the information contained therein.[HUG#1545165]