Hurtigruten Group Chief Financial Officer Transition

18 Apr 2023 08:00 CEST

Today, Hurtigruten Group AS ("HRG" or the "Company") announced that Torleif
Ernstsen has decided to resign from his position effective, June 30th, 2023 and
that James McArthur will succeed him as Chief Financial Officer (CFO) of the
Company.

“I am immensely grateful for my time at Hurtigruten Group. It has been exciting
and rewarding, both personally as well as professionally over the last six
years. I am very proud of helping the company become a leader in sustainable,
adventure travel and while I cannot join the next phase of its’ journey, led out
of London, I will follow its’ success, closely” said, Torleif Ernstsen.

Ernstsen will remain in his role through June 30th and join Carnegie Investment
Banking as Managing Director out of Oslo, Norway in August 2023.

“I want to thank Torleif for his hard work and contributions to the growth of
the organization over these last years. He has been a great partner to me and
leader for our finance team. His capital markets, strategic and financial
expertise has been important to helping us deliver on our ambitions and as our
group executive management team transitions to London, he will be missed” said,
Daniel Skjeldam, CEO Hurtigruten Group.

Succeeding Torleif Ernstsen will be James McArthur as CFO, Hurtigruten Group AS.
James brings over thirteen years of corporate finance, accounting, business
planning and investor relations experience within a Private Equity environment
to the company with his most recent position as CFO, GenesisCare based in
Dallas, Texas. Prior to his time in the US, James served in various roles across
Europe for GenesisCare including as European CFO and UK General Manager leading
the country unit operations. Before GenesisCare James worked as a private equity
focused Investment Banker with UBS AG in Sydney, Australia. James McArthur holds
a B.A. from Saint Louis University (US) and Master of Finance from The
University of Melbourne (Australia).

“I look forward to joining the executive management team at Hurtigruten Group
and to be a part of an organisation that is operating from a position of
strength with such a clear vision and growth strategy. It’s also a privilege to
be a part of a company that puts its’ environmental and social values at the
centre of the work, making a real difference with concrete, measurable
solutions” said, James McArthur.

“It gives me great confidence to have James step into this role. Not only does
he have a comprehensive understanding of managing a complex leverage and
business performance agenda, he also brings a broad skillset covering M&A,
operational excellence, system implementation, data curation and design with
expertise in stakeholder engagement as well as being incredibly passionate about
adventure travel” said, Daniel Skjeldam.


For further information, please contact:

Haley Drage, EVP, Communications and Public Affairs, Hurtigruten Group:
haley.drage@hurtigruten.com

More information:
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