Argeo ASA: Changes to executive management

19 May 2025 17:30 CEST

Asker, 19.05. The Board of Directors of Argeo ASA ("Argeo" or the "Company")
(Euronext Oslo Børs: ARGEO) has today and effective immediately appointed Mr.
Joost Bakker as new interim Chief Executive Officer (CEO) of the Company.

Before his recent promotion to Chief Operating Officer (COO) Mr. Bakker held the
position of Vice President Operations at Argeo and brings with him more than 25
years of experience from the seismic industry. Mr. Bakker has held a broad range
of senior positions both offshore and onshore, covering operations, research,
and health, safety, environment and quality (HSEQ).

In connection with this appointment, Jan P. Grimnes will step back from his
temporary role as Executive Chair and resume his position as Chair of the Board.
Odd Erik Rudshaug, who has been serving as interim CEO in addition to his duties
as Chief Financial Officer (CFO), will return to his full-time role as CFO.

The Board of Directors will continue its recruitment process to identify a
permanent CEO.

For more information, please contact:
Jan P. Grimnes, Chair of the Board, Argeo
Email: jan.grimnes@argeo.no
Phone: +47 982 30 332

About Argeo ASA
Argeo is a comprehensive subsea service provider, operating across three major
sectors: Oil & Gas, Marine Minerals, and Renewables. The Company offers a unique
package that integrates robust vessels, state-of-the-art autonomous underwater
vehicles (AUVs), advanced sensors, digital imaging technology, and an intuitive
digital platform designed to collect and visualize complex data. 

With their own vessels and high-performance AUVs, Argeo delivers fast and
flexible full-lifecycle services, including survey, inspection, maintenance, and
repair, aimed at improving efficiency and reducing the carbon footprint for
global, industry-leading clients. 

Argeo has established offices in Asker (Oslo), Edinburgh, Houston, and Rio de
Janeiro. 
The Company is listed on Euronext Oslo Børs under the ticker: ARGEO. Please
visit www.argeo.no for more information.

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