Scana ASA: Appointment of New CEO

27 May 2025 08:09 CEST

Bergen, 27 May 2025: Scana ASA announces that Pål Selvik has decided to step
down from his position as Chief Executive Officer (CEO) with effect from today.
He will be succeeded by Baste Tveito who will take the role as acting CEO.

Baste Tveito is deeply familiar with the company having served as Chief
Operating Officer (COO) of Scana ASA. He brings extensive industry experience
from senior management positions in oil and gas, systems industry, and business
organizations.

"I am grateful for the trust and motivated by the opportunity to lead the value
creation journey together with the talented people in our portfolio companies
and in Scana ASA", says Baste Tveito.

Pål Selvik comments: “Working for Scana has been a rewarding experience, first
as chairman of the board, and later as CEO. I wish the company and Baste all the
best going forward.”

Pål Selvik has agreed to a six-month lock-up period for his shares in Scana.

With a solid platform in place, the company will continue its strategic focus on
profitable growth and long-term value creation for shareholders.

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to Section 5-12 the Norwegian Securities Trading Act. This stock exchange
announcement was published by Stian Vikebø, General Counsel at Scana ASA, on 27
May 2025 at 08:09 CEST.

For more information, please contact:

Stig Vangen, Chairman of the Board, +47 920 19 134

Baste Tveito, CEO, Scana ASA, +47 916 69 641


Scana in brief
Scana is an active industrial owner of technology and services to both the
energy and offshore industries. With an industrial history dating back to the
early 1900s, Scana has evolved to become a leader in technology and innovation.
This journey has provided a unique position to shape solutions for tomorrow,
driven by extensive industrial experience combined with quality and value
creation. Scana is headquartered in Bergen and has above 600 employees.
www.scana.no

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