EQVA ASA Announces Appointment of New Board of Directors

25 Jun 2025 12:21 CEST

25. June 2025: At its Annual General Meeting held on 19. June 2025, EQVA ASA
(EQVA) elected a new Board of Directors. The board reflects EQVA's strong
commitment to customer focus and operational excellence, bringing together
extensive expertise across strategy, finance, governance, sales, operations and
human resources, with backgrounds spanning the maritime, aquaculture, offshore,
smelters, and process industries.

“The new board represents a strong combination of continuity industrial
expertise,” said Ingrid Due-Gundersen, Chair of the Board. “Together, the
board’s collective competence will support EQVA’s strategic direction as we
continue to strengthen our position as the preferred provider of industrial
services and solutions – ensuring stable and reliable operations for our
customers.”

The company’s largest shareholder, Nordic Corporate Bank, also expressed its
support for the new board. “We are confident that the incoming board will
strengthen EQVA by refocusing the strategy, tightening corporate governance and
zeroing in on the customers.” said Erling Astrup, CEO of Nordic Corporate Bank.
“EQVA is well positioned in attractive markets. The board will enhance the
management team through new hires, integrate recent acquisitions and deliver
stronger cash flow. With this board in place, we are confident EQVA will deliver
significant long-term value for its customers, partners, employees and
shareholders.”

The new Board of Directors of EQVA is as follows:

Chair of the Board: Ingrid Due-Gundersen (new)
Ingrid Due-Gundersen is an executive with extensive expertise in the maritime
sector. From 2022 to 2025, she served as the CEO of Havfram. During her period,
she managed the carve-out of the offshore wind business from the subsea
installation business, attracted new equity investors, built up the
organisation, placed significant shipbuilding orders for two large wind turbine
installation vessels and secured client contracts. She concluded her role in May
2025 after having positioned the company for sale to DEME Group. She initially
joined Havfram as CFO in 2020, following a 18-year career in the Leif Høegh & Co
group and Höegh Autoliners in various financial positions.

Ingrid Due-Gundersen holds a Maitrise en Economie Internationale, Monnaie et
Finance from Université de Toulouse 1, France, and Solvay Business School,
Belgium. Ingrid Due-Gundersen holds 2,000,000 share options in EQVA .

Board Member: Tore Schiøtz
Tore Schiøtz is an investor and experienced board executive. His previous roles
include Managing Partner at Contango Kapital, Group Executive Vice President at
Hafslund ASA, Investment Director at Storebrand Spar, and Consultant at Andersen
Consulting. Tore Schiøtz holds 2,000,000 share options in EQVA .

Board Member: Hans Olav Lindal (new)
Hans Olav Lindal is a seasoned lawyer with expertise in M&A, contract law,
corporate law, and financing. He is a former partner at the law firm Thommessen
and has substantial board experience from both listed and private companies
within the maritime, aquaculture, and real estate sectors.

Board Member: Birthe Cecilie Lepsøe (new)
Birthe Cecilie Lepsøe specializes in strategy, finance, and corporate
governance. She is a certified NLP Coach and brings extensive board experience
from both publicly listed and privately owned companies, including Smedvig AS,
GC Rieber Shipping ASA, and Nordic Halibut AS.

Board Member: Gudmund Øvrehus (new)
Gudmund Øvrehus is founder of the EQVA subsidiary BKS and brings significant
industrial expertise to the board. He owns 8,729,738 shares in EQVA through ILG
AS.

Employee Representative: Kari Markhus
Kari Markhus is HSEQ Manager at BKS and has been a member of the Board of EQVA
since January 2024. She brings operational experience and expertise in health,
safety, and quality management.

Employee Representative: Tomasz Bartlomiej Wesierski
Tomasz Bartlomiej Wesierski is Resource Coordinator and Project Manager at BKS.
He has been a member of the Board of EQVA since January 2024.

EQVA would like to thank the outgoing board members Ellen Merete Hanetho and
Anne Bruun-Olsen for their valuable contributions and dedication. Tore
Thorkildsen also stepped down from his position as board member of EQVA when
appointed CEO of EQVA on 30 May 2025.

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