Vow ASA: Initiating search for new CEO

19 Dec 2024 08:00 CET

Oslo, 19 December 2024: The Board of Directors of Vow ASA (OSE ticker: VOW) has
initiated the search for a new CEO. Current CEO Henrik Badin will continue in
his role until February 2025 and remain available to the company until the end
of June 2025 to ensure a smooth transition.

Following a comprehensive financial restructuring, the Board has determined that
now is the right time to bring in new leadership to steer the company into its
next phase of growth. The search for a new CEO will commence immediately.

"Vow is a market leader in delivering environmental technology to the cruise
industry. It has a solid business in heat solutions, and it is also executing
and pursuing potential projects involving industry onshore. With a strengthened
financial position, we are well-prepared to continue building a solid company
that helps our customers achieve their sustainability goals," said Thomas
Borgen, Chair of the Board.

The Board extends its sincere gratitude to Henrik Badin for his more than 18
years of leadership and for significantly growing the company.

"We deeply appreciate Henrik's dedication and are grateful that he will ensure a
seamless handover to the new CEO. His energy and commercial drive have been, and
will continue to be, vital to Vow during this period," said Mr. Borgen.

"It has been a privilege to see Vow grow and thrive, and I remain deeply
committed to its continued success. With our strong team, proven technology, and
operational excellence, Vow is well-positioned for the future. I will do
everything I can to support the company during this transition," said Henrik
Badin, CEO of Vow ASA.


For more information, please contact

Thomas F. Borgen, Chairman of the Board, Vow ASA
Tel: +47 922 19 641
Email: thomas.f.borgen@bi.no (mailto:thomas.f.borgen@bi.no)

Henrik Badin, CEO, Vow ASA
Tel: + 47 90 78 98 25
Email: henrik.badin@vowasa.com (mailto:henrik.badin@vowasa.com)


About Vow

Vow and its subsidiaries Scanship, C.H. Evensen and Etia are passionate about
preventing pollution. The company's world leading solutions convert biomass and
waste into valuable resources and generate clean energy for a wide range of
industries.

Advanced technologies and solutions from Vow enable industry decarbonisation and
material recycling. Biomass, sewage sludge, plastic waste and end-of-life tyres
can be converted into clean energy, low carbon fuels and renewable carbon that
replace natural gas, petroleum products and fossil carbon. The solutions are
scalable, standardised, patented, and thoroughly documented, and the company's
capability to deliver is well proven.

The company is a cruise market leader in wastewater purification and
valorisation of waste. It also has strong niche positions in food safety and in
heat-intensive industries with a strong decarbonising agenda.

Located in Oslo, the parent company Vow ASA is listed on the Oslo Stock Exchange
(ticker VOW).

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