Otovo’s Nomination Committee has proposed the election of Lars Erik Torjussen and Aina Lemoen Lunde to Otovo’s Board of Directors. Torjussen is nominated to take the position of Chair of the Board.
At the same time, it is proposed that Beatriz Malo de Molina and Eivind Tønnessen will exit the Board of Directors.
The Board of Directors has voted that Tønnessen will continue on the Board as an observer.
Lars Erik Torjussen is CEO of Noroff, the private higher education group, where he has served for the last 12 years. Prior to this Torjussen has had multiple roles in the Schibsted Media Group, notably as CEO of Aftenposten and CEO of Fædrelandsvennen. He is a seasoned Norwegian businessman with broad board experience, including as Chair of Agder Energi (2018-2022) and continuing as a board member of Å Energi after Agder Energi’s merger with Glitre Energi until 2025, and as Chair of the construction group LTL (2018-). He has also served on boards of several industry and trade associations in Norway.
Lars Erik Torjussen represents experience in hands-on management in cyclical businesses with technology driven growth. He combines insights as CEO in industries in the course of consolidation and extensive presence in the energy and construction industries.
Aina Lemoen Lunde is a recognized brand builder, digital sales specialist and marketing partnership developer. She is currently CEO of Feddie Ocean Distillery, and has previously worked as Executive Vice President of Group Brand, Marketing and Sales at DNB Group. For fifteen years prior to joining DNB, she worked in various roles in PR, marketing and communications agencies and large brands.
With Aina Lemoen Lunde joining the board, Otovo adds highly relevant and up to date knowledge of digital marketing and sales at a period where the company is focusing on profitable growth.
– On behalf of the company we would like to thank Beatriz for her effort and contribution to guide Otovo during a transformational process for the last fifteen months, in which Otovo has significantly cut costs, monetized the leasing portfolio and returned to sales and installation growth, says Andreas Thorsheim, founder and CEO.
Pursuant to the Norwegian Public Limited Liability Companies Act, in which the minimal gender representation must be 40 percent, it is proposed that Eivind Tønnessen will not continue as a board member.
The Board of Directors will call for an extraordinary General Meeting to effectuate the proposed election of Mr. Torjussen and Ms. Lunde to Otovo’s Board of Directors.
***
For further queries, please contact:
Andreas Thorsheim, Chief Executive Officer
Phone: +47 93 06 51 78
This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to the STA section 5-12.
***
About Otovo: For homeowners, Otovo is the easiest way to get solar panels on the roof, and batteries in the home. Otovo is a marketplace that organizes hundreds of local, high quality and qualified energy installers. The company uses its proprietary technology to analyze the potential of any home and finds the best price and installer for customers based on an automatic bidding process between available installers.
Follow us on investor.otovo.com for reports, financial calendar, contact details and more.