Endre O. Sund to step down as Chair of the Board in Capsol in 2025

06 Dec 2024 13:18 CET

Endre O. Sund (b. 1950), Chair of the Board at Capsol Technologies ASA, has
notified the Nomination Committee that he will not seek re-election when his
term concludes in 2025. Sund has been an integral part of Capsol's growth
journey since joining the Board of Directors in 2018 and serving as Chair since
2020.

"Over the past few years, we have commercialized carbon capture technologies
that enable emitters to make CCS investments profitable, expanded
internationally, and built a mature project pipeline with 15 million tons of
annual CO2 capture potential. Earlier this year, we strengthened our leadership
team by appointing Wendy Lam, a seasoned global executive with a strong track
record of driving growth, as CEO. In June, we successfully uplisted to Euronext
Oslo Børs, enhancing our visibility among international investors. By announcing
my decision early, I aim to ensure a seamless transition and provide ample time
for the Nomination Committee to identify a Chair equipped to lead Capsol into
its next phase of global scaling," said Sund.

The Nomination Committee, with support from Capsol's international Advisory
Board, will now begin the process of identifying Sund's successor.

"We will conduct a thorough search to identify our next Chair. The ideal
candidate will bring a proven track record of leadership in fast-growing
international technology companies, a strong industry network, and the strategic
insight to support our management team in scaling Capsol Technologies and
driving its global impact," said Jan Kielland, Chairman of the Nomination
Committee and member of the Advisory Board.

To receive Capsol's stock exchange and press releases via email, subscribe at
capsoltechnologies.com/investors

For further information, please contact:
Ingar Bergh
Chief Financial Officer, Capsol Technologies ASA
+47 926 20 330

ingar.bergh@capsoltechnologies.com

About Capsol Technologies

Capsol Technologies ASA is a carbon capture technology provider with a goal of
accelerating the world's transition to a net-zero future. The technology
combines inherent heat recovery and generation in a stand-alone unit based on a
proven and safe solvent. Capsol's technology is licensed either directly to
customers or through industrial partners globally. Key segments include cement,
biomass, energy-from-waste and gas turbines. Capsol Technologies is listed on
Euronext Oslo Børs (ticker: CAPSL). For more information visit
capsoltechnologies.com.

More information:
Access the news on Oslo Bors NewsWeb site