Element ASA: Thomas Christensen proposed as new Chairman

27.12.18 | Press releases

Oslo, Norway 27 December 2018 – the nomination committee of Element ASA (Element, OSE:ELE) proposes to elect Thomas Christensen as new Chairman of the company's board of director

”The nomination committee is pleased to propose Thomas Christensen as the new chairman of Element. The committe has within a limited timeframe conducted a thorough review of the chairmanship, based on the company´s long-term strategy. The committeee has held discussions with the company's largest shareholders, the board of directors and the management, as well as several potential candidates. Christensen is a corporate and investment finance professional with extensive experience from publicly listed and private companies and the committeee is very pleased to propose a candidate of his caliber to chair Element's board, " says Per J. Bråthen, Chairman of the nomination committe. 

Thomas Christensen is managing partner of ProCorp Corporate Finance, a consultancy firm providing strategic and transactional advice to clients in the Norwegian and Nordic markets. His previous work experience includes the position as CFO for US based Hudson Marine Management, Netconnect ASA and Active24 ASA in the positions as both CFO and CEO.  Christensen holds a degree in machine engineering from the Technical University of Gothenburg and an MBA from the Norwegian School of Business (BI) in Oslo. 

”Element has an attractive strategy of developing a portfolio of quality mining assets by deploying novel and environmantally-friendly technologies. I am exited to be nominated as chairman and if elected I will work closely with the board and the management to realise all the untapped potential,“ says Thomas Christiensen. 

The recommendation from the nomination committee is enclosed. Element has called for an extraordinary general meeting to be held on 25 January 2019 (see separate announcement). 

For further information, please contact:  Thomas Christiensen E-mail: tc@procorp.no Telephone:+47 92 25 54 44

Cecilie Grue Chief  Executive Officer  Telephone: +47 991 62 486  E-mail: cg@elementasa.com 

ABOUT ELEMENT | www.elementasa.com  Element is an innovative project investment company within the mineral sector, which continuously strives to create shareholder value at the lowest possible risk. The company has as strategy to identify undervalued projects, closing in on cash flow, where infrastructure and other basic work, if necessary, have in large, been completed. The company's special focus is linked to projects within new, and usually ground-breaking technology, within its niches.