Norsk Solar announced that Øyvind L. Vesterdal will be stepping down as CEO, effective 16 May 2023. He will be succeeded by Torbjørn Elliot Kirkeby-Garstad, who will take over as CEO on the same day. Øyvind Laugen Vesterdal, co-founder of Norsk Solar and the company's third largest shareholder, has been CEO in Norsk Solar since its establishment and has played an essential role in developing the company.

Vesterdal has decided to step down and pass the reins to Torbjørn Elliot Kirkeby-Garstad. Kirkeby-Garstad brings with him 16 years of experience operating as an industrial renewable investor in the power industry. He has done successful industrial renewable investments in a wide range of emerging markets and is well-positioned to lead the company into its next phase of growth.

Øyvind remains in an advisory role with the company until end of August 2023 to assist with the transition.