Sandnes, 27 March 2022.
Desert Control AS (“Desert Control” or the “Company”) announced today that Erling Rasmussen as part of a mutual agreement will depart from the role of Chief Financial Officer on 30 September 2022. The Company has initiated a process to recruit a new CFO.
Rasmussen joined as CFO in March 2020, and the Company has since grown from 4 to more than 50 employees and transitioned from a privately held to a publicly listed company on the Euronext Growth index of the Oslo Stock Exchange.
"I want to thank Erling for his service. He has been a valued part of the team in the company’s transformation from an early-stage startup", says Ole Kristian Sivertsen, CEO of Desert Control AS.
Erling will remain in his current role to ensure a smooth transition to his successor.
For more information, please contact:
Ole Kristian Sivertsen, Chief Executive Officer
Email: oks@desertcontrol.com
Tel: +47 957 77 777
About Desert Control:
Desert Control specializes in climate-smart Agri-tech solutions to combat desertification, soil degradation, and water scarcity. Its patented Liquid Natural Clay (LNC) enables sustainable ecosystem management by restoring and protecting soil’s ability to preserve water and increase yields for agriculture, forests, and green landscapes. LNC enables sand and degraded soil to retain water and nutrients, thus increasing crop yields and ecosystem resilience while preserving water resources by up to 50%.
Agriculture and food production already consume more than 70% of all available freshwater. Desertification and soil degradation further increases water consumption in a negative spiral. Our growing global population will require more food in the next 40 years than was produced over the last 500 years, putting even more pressure on vital resources such as water. This is the problem Desert Control is determined to solve. According to the United Nations, twelve million hectares of fertile land perish to desertification, representing an annual $490 billion loss to the global economy.
Desert Control’s vision is making earth green again.
https://www.desertcontrol.com
Important Notice:
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.