Vow ASA appoints Gunnar Pedersen as its new Chief Executive Officer

OSLO: Vow ASA announced the appointment of Gunnar Pedersen as its new Chief Executive Officer, effective no later than 1 August  2025.

Gunnar Pedersen brings extensive leadership experience from the maritime and industrial sectors. He is currently Executive Vice President, Automation & Control at Kongsberg Maritime, and he has worked within the Kongsberg Group since 2002.

Throughout his tenure, he has held several senior positions, including Executive Vice President, Technology at Kongsberg Maritime and Senior Vice President, Software and Services at Kongsberg Oil & Gas Technologies/Kongsberg Digital.

“The Board looks forward to welcoming Gunnar Pedersen to Vow. With his extensive maritime and industrial expertise, we are confident that he will lead the company into its next phase of strengthening operational efficiency and restoring profitability. In addition to driving long-term value creation, he will continue to ensure a relentless customer focus,” said Thomas Borgen, Chair of the Board of Directors.

“I have followed Vow with great interest for some time and look forward to becoming part of the team. The company is a valued provider of technology and solutions across multiple industries, particularly in the cruise sector. This represents an excellent platform for further and sustainable value creation,” said Gunnar Pedersen.

Unrelated to the coming change of CEO, Chief Financial Officer (CFO), Tina Tønnessen, has decided to step down. She will remain in the job until the end of June this year. A search for her successor is underway.

Ms. Tønnessen has held this position since May 2023. As a member of Vow’s executive team, she has played a key role in a comprehensive refinancing of the company, which was successfully completed at the end of 2024.

“The Board of Directors appreciates Tønnessen’s contribution to the company, and we are grateful that she will stay on until the end of June,” said Thomas Borgen.

“My time in Vow has been rewarding in so many ways. It has been a privilege to work with CEO Henrik Badin and the rest of the Vow team. Vow now holds a much better financial position, supported by a robust investor base and a strong market position. I therefore believe this is the right time for me to pursue new opportunities,” Tina Tønnessen said.