Norwegian Energy Company ASA (Noreco) announced a further strengthening and internal reorganization of its management team. The appointments will reinforce Noreco's organizational competence and are in line with the company's strategy of further growth. Atle Sonesen, Chief Operating Officer of Noreco, will also assume the function as Managing Director of Noreco ASA, effective 1 November 2019.

Frederik Rustad has been appointed EVP Corporate Finance & Investments, effective 1 November 2019. Mr. Rustad has been with Noreco since 2015, where he most recently held the position as Managing Director through the successful acquisition of Shell's Danish upstream assets. Going forward, Mr. Rustad will focus on new investment opportunities and strategic initiatives for Noreco.

Cathrine Torgersen has been appointed EVP Investor Relations & Communications, effective 1 January 2020. Ms. Torgersen currently holds the position as Senior Account Director at Gambit Hill+Knowlton Strategies, with a focus on serving oil and gas clients. Prior to joining Gambit Hill+Knowlton Strategies, Ms. Torgersen worked with institutional high yield sales at Pareto Securities Inc.