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11/07-2018 17:30:01: (NOD) Strategy and Investor Relations Director Resignation

Strategy and Investor Relations Director, Thomas Embla Bonnerud, has decided to
leave his position after 17 years to pursue opportunities outside of the
company. He will continue in his current position until September 1, 2018. 

Thomas Embla Bonnerud will be replaced by Ståle Ytterdal as Investor Relations
Director. Ståle is currently Director Sales & Marketing Asia and Pacific (APAC)
and has for the last 17 years been building up Nordic's sales organization in
APAC. He has been stationed in Hong Kong for the past 14 years. 

Ståle will take on this new position after his replacement
has transitioned into the role as Director of Sales & Marketing APAC. In the
interim period CEO, Svenn-Tore
Larsen, and CFO, Pål Elstad, will take on the responsibility for Investor
Relations. 

"I am very pleased with the tremendous contribution from Thomas both in relation
to his long-standing role in product management and strategy as well as his role
in investor relations over the last 2 years working towards the financial market
building confidence in Nordic's business. We wish him success in his new role as
a CEO for an exciting technology company. His valuable experience in Nordic will
be useful in building a strong technology industry in Norway," says Nordic's
CEO, Svenn-Tore Larsen.

"Being a part of Nordic has been an adventure and I am grateful for the
opportunities I have been given within the company. It is bittersweet to leave
the company in these exciting times, but I am ready for new challenges ahead,"
says Thomas Embla Bonnerud.

"I am very pleased to announce that Ståle Ytterdal has decided to move back to
Norway and take on the position as Investor Relations Director. Ståle brings
over 17 years of experience from Nordic's key markets in Asia and has in-depth
understanding of both Nordic's short range and long range product offerings.
Ståle will be able to continue building a strong understanding of Nordic's
market potential and communicate this to stakeholders through his experience
from key markets for our products," says Nordic's CEO, Svenn-Tore Larsen.

Ståle Ytterdal holds a degree in Electronics engineering and Bachelor in
Business. Ståle owns 233 000 Shares and 47 506 options in Nordic Semiconductor
ASA. 

In order to further strengthen the Investor Relations team, Kine Reigstad will
be appointed Investor Relations Manager, supporting the team with communication
to analysts and investors. Kine has worked in Nordic for a year and has
experience from audit and financial advisory. She has a Master in Accounting and
Auditing, and a M.Sc. in Economics and Business administration. 

For further information contact:

Pål Elstad, CFO             +47 99166293
Svenn-Tore Larsen, CEO      +47 98285476

Ekstern link: http://www.newsweb.no/index.jsp?messageId=455429

Nyheten er levert av OBI.


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Lokal tid i Norge: 20/07-2018 21:52:29.  Åpne markeder: Nasdaq, Nyse, Amex