Arribatec appoints Bent Hammer as new CFO

23 Mar 2026 08:00 CET

Oslo, 23 March 2026 – Arribatec Group ASA ("Company") today announced that its
Group Chief Financial Officer, Magnus Hofshagen, will be stepping down from his
role effective 31 March 2026. Mr. Hofshagen has accepted the position as Chief
Operating Officer at Noventiq, an international IT services and solutions
company.

"We are grateful to Magnus for his significant contributions to Arribatec. As
our CFO, he played a central role in strengthening our financial reporting,
driving the company’s turnaround, and building a capable finance function. We
wish him every success in his new role," said Ole Jakob Kjølvik, CEO of
Arribatec Group ASA.

"I am proud of what we have achieved together at Arribatec. The company has been
through an extensive turnaround, and I am grateful to have been part of that
journey alongside a talented and dedicated team. Leaving a team for which I have
great respect is not an easy decision, but I look forward to my next challenge
and will continue to follow Arribatec's progress with great interest," said
Magnus Hofshagen.

The Company has appointed Bent Hammer as its new Group CFO, effective no later
than 1 July 2026. Mr. Hammer brings over 25 years of senior finance leadership
experience from the IT and consulting sectors. He joins from Itera ASA, a listed
Nordic IT and consultancy company with operations across eight countries, where
he has served as Group CFO since 2015. Prior to Itera, Mr. Hammer held the CFO
position at Capgemini Norge AS and has extensive experience in M&A, digital
transformation, investor relations, and scaling finance functions in listed,
growth-oriented companies. He holds an MBA from the McCombs School of Business,
University of Texas at Austin.

"We are delighted to welcome Bent to Arribatec. His extensive experience within
our sector, combined with a proven track record in driving growth and
profitability, makes him the right person to take on the CFO role and support
Arribatec's ambitions and value creation for our shareholders, said Ole Jakob
Kjølvik, CEO of Arribatec Group ASA.

"I look forward to joining Arribatec, a company that has built a strong position
in business-critical IT, cloud, and consulting services following a successful
financial turnaround. The intersection of technology, consulting, and finance is
where I have built my entire career, and I believe my experience from listed,
growth-oriented IT companies will help strengthen profitability, scalability,
and shareholder value in the next phase," said Bent Hammer.

Mr. Hofshagen will ensure an efficient handover prior to his departure and will
remain available to support the transition.

About Arribatec | www.arribatec.com
Arribatec is a software and consulting company headquartered in Oslo. With a
customer-centric engagement model combined with deep system, integration, and
domain expertise, Arribatec builds long-term strategic partnerships with a broad
customer base. Arribatec serves more than 1,700 companies across 25 countries in
both the private and public sectors. The company employs over 280 people with
offices in 11 countries and is listed on the Oslo Stock Exchange under the
ticker code ARR.

For further information, please contact:
Ole Jakob Kjølvik, CEO, Arribatec Group ASA, +47 915 98 395,
olejakob.kjolvik@arribatec.com

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