Stavanger, Norway – The Board of Directors of CealTech AS are pleased to confirm the appointment of Mr. Lars Helge Helvig as interim CEO of CealTech AS, effective mid-March 2017.

Mr. Helvig is an experienced leader who brings a broad range of skills acquired through a career-long involvement in start-up businesses, such as Norsk Vind Energi AS, where he is CEO and main owner, and Zaptec AS, where, similarly to CealTech AS, he is a board member and main capital investor.

Mr. Helvig said, “I am very pleased to accept the board’s invitation to fulfil the role of Interim CEO and to have the opportunity to support CealTech in its current transition from the start-up realm to becoming a high-growth, leading player in the Graphene industry”. He added, “We have an experienced and dedicated staff and management team in place, who will be continuing to work together to achieve our Mission, live our Values, and deliver our Vision”.

The search process for a new CEO is underway and Mr. Helvig will act in this interim capacity until a new CEO has been selected. Mr. Helvig will be working closely with Mr. Stian Anke-Hansen, CealTech CFO, who will have the responsibility for the day-to-day operation of the company.

The Board thanks Mr. Helvig for accepting this appointment to help ensure a smooth transition period.