Stavanger, Norway, 22 April 2025 - The Board of Directors of Desert Control AS
(DSRT) announces that, by mutual agreement, Ole Kristian Sivertsen is stepping
down as Chief Executive Officer (CEO) as part of a leadership transition.
Sivertsen has served as the company's CEO since 2019. The Board has appointed
James E. Thomas as the new CEO of Desert Control with immediate effect.
James E. Thomas, who currently serves on the Board of Directors and is the
company's largest shareholder, brings over 30 years of executive experience
across private equity, deep-tech, and IP-intensive industries. In addition to
leading investments, he has played an active role in building and scaling
companies through operational leadership and close collaboration with management
teams. His background includes leadership positions at Goldman Sachs, Warburg
Pincus, and as co-founder of Thomas, McNerney & Partners. He has served on more
than 20 boards of innovative, science-based companies.
Lars R. Eismark, Executive Chairman of the Board, commented:
"On behalf of the Board, I sincerely thank Ole Kristian Sivertsen for his
leadership and relentless dedication. He has taken Desert Control from early
innovation to a company with a real-world footprint, commercial momentum, and a
mission that resonates globally. We are grateful for the platform he has built.
As the company enters a new phase of revenue growth in the United States and the
Middle East, James E. Thomas brings a unique combination of strategic insight,
financial strength, and deep engagement with Desert Control's mission. His
leadership will reinforce our commercial momentum and strengthen the company's
foundation for long-term growth and value creation."
Ole Kristian Sivertsen, departing CEO, stated:
"It has been a privilege to lead Desert Control from breakthrough idea to
commercial foundation. I'm grateful to the Board for their unwavering support
throughout this journey, and honored to hand over the leadership to James,
knowing the company is in highly capable hands. With James stepping in, the
company is well-positioned for its next phase. I'm proud of what we have built -
and confident in the company's future."
James E. Thomas, incoming CEO, said:
"I want to express my deep appreciation to Ole Kristian for the vision, energy,
and perseverance that have shaped Desert Control into what it is today. I have
been lucky to spend my career with entrepreneurs and entrepreneurial businesses,
and Ole has built a company with purpose, potential, and a strong platform for
scale. I am honored to take on the CEO role and continue the journey forward
with our exceptional team to deliver on Desert Control's vision. Our technology,
talent, and mission have never been more relevant - and I look forward to
driving our next phase of growth and impact."
For further information, please contact:
Lars R. Eismark
Executive Chairman, Desert Control
Mobile: +45 29 42 00 49
Email: lars.r.eismark@stromsfors.net
James E. Thomas
Chief Executive Officer, Desert Control
Mobile: +1 (203) 984-7658
Email: james.thomas@desertcontrol.com
About Desert Control:
Desert Control develops innovative solutions to enhance soil health, conserve
water, and promote ecosystem resilience. The company's mission is to combat
desertification, soil degradation, and water scarcity. Our patented Liquid
Natural Clay (LNC) transforms sandy, fast-draining soils to retain water and
nutrients, improving soil health, crop yields, and ecosystem vitality while
conserving water. Desert Control provides customized solutions to strengthen
sustainability, profitability, and prosperity for agriculture, forests, and
green landscapes. In collaboration with partners and clients, we aim to preserve
natural resources, restore biodiversity, enhance food security, and ensure a
climate-resilient future. For more information,
visit: https://www.desertcontrol.com
This information is subject to the disclosure requirements pursuant to the
Continuing Obligations for companies admitted to trading on Euronext Growth
Oslo.