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add energy group appoints new group management


Source: add novatech

add energy group has appointed new group management who together with the board and the existing management team shall develop the company as a leading supplier and partner for the energy sector.

The new group management has broad experience from oil industry, finance and land based businesses.

Stig H Christiansen is appointed as Chief Executive Officer. He is joining add energy group from StatoilHydro ASA where he has held the position as Senior Vice President Finance.

Chairman of the Board of add energy group, Per Arne Jensen, comments the appointment as follows, “We are very pleased that Stig will take over and lead add energy group into the next phase of its development based upon the establishment of the group and the positioning of the group in the marketplace. As an experienced strategist and financial manager and entrepreneur, and with broad E&P management experience from both oil service companies and lately a major oil company, Stig is highly qualified to take on this task.”

Stig H. Christiansen states the following: “I am very excited about joining add energy group. I see us as seven excellent companies now joined in one great group. We will be clearon our priorities as well as value focused in the pursuit of value creation for our customers by applying our competence in an innovativeway. The current economic turmoil is adding to the group’s competitive instincts and the drive to push forward.”

add energy group has also appointed Harald Justnæs as Chief Financial Officer. He joins the group from the position as Group Chief Accountant (Vice President) in SpareBank 1 SR-Bank. Ellen M. Walvik is appointed Marketing and Human Relations Coordinator. She joins the group from the position as Sponsor Coordinator for Stavanger 2008.

In addition to the new managers, the management team of add energy are: Terje Løkke-Sørensen, Kjell Terje Roverud, Geir Husdal, Ole B. Rygg and Terje Nygaard. The Board of Directors are Chairman Per Arne Jensen (Partner, Progressus Management AS), Svein Ilebekk (Exploration Manager, Revus Energy ASA), Noel Hammonds (Senior Management Consultant, add vestdrill as) og Ådne Grødem (Partner, Progressus Management AS).

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