05 Feb 2025 08:00 CET

Issuer

Vow ASA

Oslo, 5 February 2025 - Vow ASA is pleased to announce the appointment of Gunnar
Pedersen as its new Chief Executive Officer, effective no later than 1 August
 2025.

Gunnar Pedersen brings extensive leadership experience from the maritime and
industrial sectors. He is currently Executive Vice President, Automation &
Control at Kongsberg Maritime, and he has worked within the Kongsberg Group
since 2002. Throughout his tenure, he has held several senior positions,
including Executive Vice President, Technology at Kongsberg Maritime and Senior
Vice President, Software and Services at Kongsberg Oil & Gas
Technologies/Kongsberg Digital.

"The Board looks forward to welcoming Gunnar Pedersen to Vow. With his extensive
maritime and industrial expertise, we are confident that he will lead the
company into its next phase of strengthening operational efficiency and
restoring profitability. In addition to driving long-term value creation, he
will continue to ensure a relentless customer focus," said Thomas Borgen, Chair
of the Board of Directors.

"I have followed Vow with great interest for some time and look forward to
becoming part of the team. The company is a valued provider of technology and
solutions across multiple industries, particularly in the cruise sector. This
represents an excellent platform for further and sustainable value creation,"
said Gunnar Pedersen.


CFO stepping down

Unrelated to the coming change of CEO, Chief Financial Officer (CFO), Tina
Tønnessen, has decided to step down. She will remain in the job until the end of
June this year. A search for her successor is underway.

Ms. Tønnessen has held this position since May 2023. As a member of Vow's
executive team, she has played a key role in a comprehensive refinancing of the
company, which was successfully completed at the end of 2024.

"The Board of Directors appreciates Tønnessen's contribution to the company, and
we are grateful that she will stay on until the end of June," said Thomas
Borgen.

"My time in Vow has been rewarding in so many ways. It has been a privilege to
work with CEO Henrik Badin and the rest of the Vow team. Vow now holds a much
better financial position, supported by a robust investor base and a strong
market position. I therefore believe this is the right time for me to pursue new
opportunities," Tina Tønnessen said.


About Vow ASA

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 recovery. 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 provides technology and solutions which enable
industries to transition towards a fossil-free future by converting biomass and
waste into valuable resources and clean energy. The company also has strong
niche positions in food safety and robotics, 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).

For inquiries directed to the Chairman of the Board, Thomas Fredrick Borgen,
please contact:

Malena Morsbach
Chief of Staff
Vow ASA
+47 91875565
malena.morsbach@vowasa.com
Vow ASA | Renewable energy (https://www.vowasa.com/)


Source

Vow ASA

Provider

Oslo Børs Newspoint

Company Name

VOW

ISIN

NO0010708068

Symbol

VOW

Market

Oslo Børs