Following the listing of REC Solar, with expected completion on October 25, 2013, the remaining operations of Renewable Energy Corporation ASA will be located in the US. As a consequence, the company is about to move all headquarter functions from Norway to the State of Washington, US which also includes changes to key positions in the Group Management team.

The company announced that Ole Enger, President & CEO will step down on December 1, 2013 after heading up the company for 4.5 years. The company's Board of Directors has appointed Tore Torvund as President & CEO, effective from December 1, 2013. Mr. Torvund is currently EVP, REC Silicon and has been in that role since January 2009. James May has been appointed CFO of the company effective from December 1, 2013. Mr. May is currently CFO of REC Silicon and he has been with REC Silicon since December 2008. Furthermore, on December 1, Chief Financial Officer Kjell Christian Bjornsen, Chief Legal Officer Florian Krumbacher and SVP Investor Relations & Business Development Mikkel Torud will step down from their current positions. Oyvind Hasaas, SVP at REC Solar has taken on the role of CEO in REC Solar ASA.