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Thursday, 15 February 2018

StrongPoint ASA: Leadership change in StrongPoint

StrongPoint ASA    

Published: 08:15 CET 15-02-2018 /GlobeNewswire /Source: StrongPoint ASA / : STRONG /ISIN: NO0010098247

StrongPoint ASA: Leadership change in StrongPoint

StrongPoint's Board of Directors and CEO Jørgen Waaler have during some time worked on a succession plan for the CEO role. Jørgen Waaler, in his 62nd year of age, has been with the company for more than 16 years, and would now like to start a leadership hand-over of the company to his successor.

The Board of Directors are pleased to announce that they have recruited Jacob Tveraabak, age 42, as StrongPoints next CEO.

After his degree in Business Administration from NHH, Jacob Tveraabak worked with McKinsey & Company for more than 11 years - managing and executing on numerous international projects around the world. In 2012 he joined Reitangruppen/Rema 1000 as director of Business Development and Digital Strategy. From 2016 he was the CEO of Miklagruppen (Bavaria Nordic) - a NOK 7 billion premium car dealership company.

Tveraabak will join the company April 3rd. The StrongPoint BOD recognizes the importance of continuity including transfer of industry knowledge, customer relations and a successful introduction to the StrongPoint organization. Hence, Tveraabak will work together with Waaler during a transition period of four months and he will formally take over the CEO role on August 1st, 2018.

"I don't feel old, but everything has to come to an end. Nothing is better than passing on the CEO role to an experienced, young, ambitious and dedicated executive professional. I am really looking forward to welcoming Jacob, and I will do everything possible to ensure his success of bringing StrongPoint to the next level", says CEO Jørgen Waaler.

"The Board is confident that Jacob Tveraabak, with his extensive international experience, will lead StrongPoint to the next level. At the same time, we honor and thank Jørgen Waaler for having transformed the Scandinavian PSI Group to a company that is well positioned to become a global recognized provider of retail technology solutions. Jørgen has been developing StrongPoint into a NOK one billion company, with seven years of consecutive dividends to the shareholders. During his 16 years, he has built a unique culture with strong and shared values across the organization. Jørgen will leave behind a strong legacy and a very solid footprint, and we are very pleased that he will share his experience and insight with Jacob during 2018" says chairman Svein Jacobsen.

For more information, please contact:

Jørgen Waaler                                                             Svein Jacobsen

CEO StrongPoint ASA                                                 Chairman StrongPoint ASA

Phone: +47 9059 0010                                                Phone: +47 9226 2667

About StrongPoint:

StrongPoint's mission: Driving Retailers' productivity by providing innovative integrated Technology Solutions enabling retailers to perform to their full potential. 

StrongPoint's vision: Becoming a recognized provider of Retail Technology Solutions.  

StrongPoint has its headquarter at Rælingen, and has approximately 580 employees in Norway, Sweden, the Baltics, Russia, France, Germany, Belgium, Spain, Russia and Malaysia. StrongPoint use the ticker "STRONG" at Oslo Stock Exchange.

For further information: www.strongpoint.com
This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.

This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of Nasdaq Corporate Solutions clients. Source: StrongPoint ASA, Slynga 10, Rælingen 2005, NORGE
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