AGR Group nominated Eivind Reiten as new Chairman of the Board of Directors.
Economist, Eivind Reiten, who was Minister of Petroleum and Energy between 1989 and 1990 is currently a Director of AGR Group and is set to assume the Chairman role from Hugo Maurstad following the Company's Annual General Assembly May 28, 2010. Hugo Maurstad, a Partner with the main shareholder Altor Equity Partners, will continue as a Director.
Eivind Reiten said, "During my time as a Director of AGR, I have been very impressed with the high levels of professionalism and dedication throughout the Company. AGR has an enviable reputation for innovation and quality, a range of unique technologies with high potential and it is an honor to have the opportunity to be part of it."
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