The Board of Directors of Norwegian Property ASA has appointed Svein Hov Skjelle as the company's new Chief Executive Officer. 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 Norwegian Property's CFO in two periods, most recently since January 2010, when he came from a position as CFO in Entra.