Ensurge announced that Mark Newman will assume the role as Interim Chief Executive Officer of Ensurge and its US subsidiary, commencing on or about 8 February 2023. Mark will be based in San Jose, California. He will replace Kevin Barber, who has been the CEO since November 2018.

Mark is presently a member of the Board of Directors of the Company. Due to applicable legal requirements, he will temporarily resign from the Board while serving as Interim CEO. Board election will be an agenda item at an upcoming extraordinary general meeting to be called and the nomination committee will be asked to identify and propose suitable candidate(s) for the Board prior to such general meeting.

Mark, who is a British citizen, has served on the Board of Ensurge since 25 May 2022. He is founder and CEO of Electric Revolution Ventures, and is a renowned expert, advisor and investor in batteries, semiconductors, and electric vehicles. Mark was the top ranked analyst and lead author of Bernstein's all time most read research globally, “Electric Revolution” and “Battery Bible”, and is a frequent speaker and commentator on these topics.

He spent over a decade as Managing Director and Senior Analyst covering technology at Bernstein, where he spearheaded the Electric Revolution thematic research covering batteries, semiconductors, and the entire electric vehicle value chain. Previously, Mark was Director of Strategy at Samsung in Korea, where he led several strategic initiatives, venture investments and acquisitions. He also worked at Applied Materials in California, supporting the world's leading semiconductor manufacturing companies in the United States, Europe, and Asia.

Mark was a seed investor and until recently Chief Commercial Officer and Head of Strategy at fast-charge battery pioneers, Nyobolt. He has been an active investor in several other start-ups and advisor to Ivanhoe Capital Acquisition and SES.ai. Mark currently serves on the board of the Faraday Institution.

As Mark is a non - EEA or UK resident, his appointment as interim CEO of Ensurge Micropower ASA requires an exemption from the residence requirements under the Public Limited Companies Act. Ensurge will immediately file for such an exemption with the Ministry of Trade, Industries and Fisheries.