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28 JUNE 2021

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Article from BTNews 28 JUNE 2021

New boss for Norwegian

Geir Karlsen has been appointed new CEO of Norwegian Air succeeding Jacob Schram. The appointment is effective immediately.

"I am pleased to announce that Geir Karlsen on request of the Board has accepted the job as CEO of Norwegian. Karlsen has successfully led the financial reconstruction of Norwegian and has the competencies, focus, trust and dedication that makes him the best choice as CEO of Norwegian," said Svein Harald Øygard, chairperson of Norwegian's Board of Directors.

"As travel bans now are about to be lifted, Norwegian stands ready to offer thousands of flights to our customers in the Nordics and abroad. In parallel, further efforts will be made to strengthen Norwegian´s position as a low-cost airline and to return the company to sustainable profitability. Geir is the ideal CEO to lead these efforts," said Øygard.

Karlsen (born 1965) has held the position of Chief Financial Officer (CFO) since April 2018. From July 2019 to December 2019, he was Acting Chief Executive Officer (CEO) of Norwegian. He has extensive experience from listed companies within shipping and offshore. Over the last 12 years Karlsen has held various CFO positions at international companies such as Golden Ocean Group and Songa Offshore. Before Norwegian, he held the position of Group CFO at London-based Navig8 Group, the world's largest independent pool and management company. Karlsen has a degree in Business Administration from BI Norwegian Business School.

www.norwegian.com

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Tim Procter, United Kingdom

No mention of what happened to Schram. Did he scram?


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