ELOP AS announced that after completion of the Simplifai transaction. The Board of Directors of Elop has implemented a strategy for the establishment of a leading management team responsible for leading and managing the Group's main businesses Elop and Simplifai, with the purpose of creating synergies between Elop and Simplifai and long term shareholder values. On this basis, the Company has entered into an employment agreement with Chairman Øivind Horpestad, under which he shall act as Executive Chairman and Group CEO, effective February 19, 2021 . Kjersti Kanne will continue her position as VP for Elop and Bård Myrstad will continue his position as VP for Simplifai. Øivind Horpestad has been Chairman of Elop since July 2019. He is also chairman of Oslo-listed Endúr ASA. Horpestad was one of the original founders and former CEO of NRC Group. He has broad industrial experience through former positions in Team Bane (now part of NRC Group), VRS Rail AS and Coast Capital.