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Trond Sel appointed President of Hitec Products Drilling AS

Trond Ferkingstad has resigned from his positon as President for the company to pursue opportunities outside the Group. He will be succeeded by Trond Sel (52).

Trond Sel has wide experience from the Oil and Gas Industry. Previously he held senior positon in Norsea AS, GMC Gruppen, ABB Oil and Gas. He joined Hitec Products Drilling AS in January this year and came at that time from the position as Head of Strategy and Market in Aibel AS.   He starts in his new position on March 9, 2009.