Organisational change and new CEO

Following the end of the management agreement between EAM Solar AS and Energeia AS, the Board of directors are establishing an independent internal organization for the EAM Solar group. The management agreement will end, by the latest, in May 2025.

As of February, EAM has established its own offices in Oslo with 2 employees.

The Board has employed Erik Brandon Reisenfeld as new CEO of EAM Solar AS. Erik replaces Christian Hagemann who was appointed by the manager Energeia AS under the management agreement.

Erik Reisenfeld is a qualified solicitor in England and Wales. Erik has acted as EAM’s internal legal counsel since September 2017 under the management agreement being an employee in Energeia AS, and has consequently detailed knowledge of all legal processes the company is involved in.

Given the importance of the ongoing legal processes for the business of the company, the board of EAM believes Erik Reisenfeld’s knowledge and skillset will serve the company well.
The company has also hired Gloria Gallorini as head of administration. Gloria has been working with EAM Solar AS as an employee in Energeia AS under the management agreement since 2014. Gloria is an Italian citizen with detailed knowledge of the administrative procedures relating to the operation of the company’s four solar PV power plants in operation in Italy.

For further information, please contact:

Viktor E Jakobsen, Chair, phone +47 9161 1009, viktor@eam.no
Erik Brandon Reisenfeld, CEO, phone +479055 3658, erik@eam.no


About EAM Solar AS: EAM Solar AS is a utility company that acquires and operates solar power plants. The Company currently owns solar PV power plants in Italy. The plants are operating under long-term sales contracts. In addition, the Company's business is lawsuits in relation acquisition of solar power plants.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.