Arribatec Group appoints Geir Johansen as CEO

Arribatec Group appoints Geir Johansen as CEO

OSLO, NORWAY: Arribatec Group ASA (Arribatec, OSE: ARR) today announces the appointment of Geir Johansen as Chief Executive Officer (CEO) effective 1 January 2022, while Per Ronny Stav will take up the position as Chief Commercial Officer to drive the international expansion strategy.

“We are excited to announce the new roles for Per Ronny and Geir Johansen, as we are approaching 2022, a transformational year for the implementation of our international growth strategy to leverage on the platform we have built during 2021. Geir brings significant experience from a range of listed international companies and will be in charge of leading the company through this important growth and development phase.

Per Ronny, with his solid track record in leading international expansion, will take up the position as Chief Commercial Officer. In this role, Per Ronny will focus on international revenue growth and large customer acquisitions, which will contribute towards our ambitious growth targets for 2022 and beyond,” says Martin Nes chairman of the board at Arribatec.

Geir Johansen has been appointed CEO of Arribatec, effective 1 January, and comes from the position as CFO of Arribatec. Bente Brocks, currently Group Chief Accountant of the Arribatec Group will take the position as interim CFO. Johansen has served as CEO in DLTx ASA, as CFO in Axactor AB and has held the CFO position at Fred. OIsen Ocean. Over the latest 20 years, Johansen has also served as CFO in DOF Subsea, S.D. Standard Drilling and served as chairman of Arribatec AS prior to the listing of the company. Johansen holds a master’s degree in International Economics from the BI Norwegian Business School.

“Arribatec is receiving encouraging feedback from customers on our product- and service offerings, and we have developed a solid platform for accelerating the growth. We are now entering the next phase of this journey, and I´m honored to be appointed CEO of the company at this stage of our development. Following our M&A activities in 2021 and our global expansion, my primary focus will be to execute our growth strategy and to build the organizational capabilities required to achieve this. I look forward to working with the entire global management team of Arribatec to realize our ambitions, deliver the growth, and thereby create value for our shareholders.“ says Geir Johansen, CEO of Arribatec.

Per Ronny Stav will take up the role as Chief Commercial Officer effective 1 January 2022. Stav comes from the position as CEO of Arribatec and also served as Managing Director of Unit4 Denmark prior to co-founding Arribatec.

“Over the last year, we have acquired seven companies, seen a fourfold increase in revenue, and built a unique platform of solutions- and services. With our new strategy well anchored and ready for launch, I should channel my strengths and experience to the best for the company. As CCO, I will focus entirely on business development, sales and innovation, and drive international growth in this new role. With a global sales team counting more than 25 people representing our five defined business areas, focus and dedication are vital to scaling. I’m really looking forward to this next phase of our journey and developing this team to deliver on our growth strategy,” Per Ronny Stav concludes.

Arribatec is a software and consulting company headquartered in Oslo. With a customer centric engagement model, combined with a deep system, integration, and domain competence, Arribatec builds long term strategic partnership with a broad customer base. Arribatec serves more than 1000 large entities spread over 25 countries and various industries, both in the private and public sector. The company employs over 350 people, with offices in 18 countries and is listed on the Oslo Stock Exchange under the ticker code ARR.

www.arribatec.com

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