As of 31 December 2009, the following changes will be made in the Board of
Directors of Camillo Eitzen & Co ASA (CECO) and Eitzen Chemical ASA (ECHEM):
Jørgen Lund and Helene Jebsen Anker have decided to resign from the Board of
Directors in CECO. Following this, the Board of Directors will comprise of Axel
C. Eitzen, Nina Eitzen, Aage Figenschou and Siv Jønland Staubo. Helene Jebsen
Anker will continue as member of the Board of Directors in ECHEM, as an
independent board member.
Furthermore as a consequence of the change in the new shareholder structure in
ECHEM and in regards to the Extraordinary General Meeting announcement of 26
November, the following changes will be made in the Board of Directors of ECHEM:
Siv Jønland Staubo and Peter D. Knudsen will resign from the Board of Directors
of ECHEM. Hereafter three out of five members of the Board will be independent
of ECHEM?s main shareholder. The new Board of Directors will comprise of Axel C.
Eitzen, James Stove Lorenzen, Helene Jebsen Anker, Heidi Pettersen and Aage
Figenschou.
The number of Board of Directors is in accordance with CECO?s and ECHEM?s
Articles of Association.
All the above changes will be in effect as of 31. December 2009.
For further information, please contact:
Peter D. Knudsen,
Chief Executive Officer
Tel: +47 24 00 61 54
Snorre Krogstad,
Chief Financial Officer
Tel: +47 24 00 61 44
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
[HUG#1369330]
Press release no 17 2009 Changes in Board of Directors in Camillo Eitzen: http://hugin.info/135041/R/1369330/334888.pdf