Geir Johansen appointed CEO

05.06.19 | Press releases

Oslo, Norway 5 June 2019 – the board of directors of Element ASA (Element, OSE:ELE) has appointed Geir Johansen as Chief Executive Officer (CEO) effective 6 June 2019.

”We are pleased to annouce Geir Johansen as the CEO of Element. Since taking up the position as Interim CFO in December 2018, Geir has been instrumental in solving the various challenges facing Element. Through the ongoing strategy process we are moving towards a phase with focus on restructuring, capital efficiency and operational development and Geir brings significant management experence from a number of listed international companies in various industries, " says Thomas Christensen, Chairman of Element. 

Geir Johansen takes up the position as CEO for Element effective from 6 June 2019 and will also retain the role as CFO for the company. Johansen has been interim Chief Financial Officer of Element since December 2018, CFO in Axactor AB and has held the position as CFO at Fred. OIsen Ocean. Over the last 20 years, Johansen has lived and worked in the Americas, Europe as well as North and South East Asia having held position as CFO in DOF Subsea and S.D. Standard Drilling as well as the position as global finance director fo DNVGL Maritime. Johansen holds a Master’s degree in International Economics from the BI Norwegian Business School.

"I look forward to take a more active role in the company as chairman of the board and will continue to work with Geir and the rest of the Element team to review and update the company strategy and we will present the company's projects and outlook at the planned Capital Markets Day in June, " Christensen says.

For further information, please contact:

Thomas Christensen

Geir Johansen

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.