Arcus ASA: Group CEO Kenneth Hamnes has resigned

Today, Kenneth Hamnes has resigned from his position as Group CEO of Arcus ASA. His last day of work will be January 31, 2021 in line with the agreement made with the Arcus’ Board of Directors. Sigmund Toth, Arcus’ CFO and CFO designate for Anora Group PLC, has been appointed interim Group CEO from February 1, 2021 until the completion of the merger with Altia PLC. The merger process proceeds according to plan, and closing is expected in 1H 2021 – as previously communicated.

The Board of Directors wishes to thank Kenneth Hamnes for his significant contributions to Arcus ASA.

Kenneth Hamnes will take up the position as Group CEO of Kavli Holding AS on February 1, 2021.

Questions regarding this notice can be directed to Group Director Communications and IR, Per Bjørkum, telephone +47 922 55 777 or e-mail [email protected]