Bjarte Bruheim Appointed CEO of EMGS

The new Board of Directors of Electromagnetic Geoservices ASA (ELRMF) (EMGS) has reviewed the Company's organization, and has resolved to appoint Bjarte H. Bruheim as Chief Executive Officer of the Company effective from 7 January 2015. Bjarte Bruheim has been the Executive Chairman of EMGS since July 2004, and he has extensive experience from the oil service sector over the past 30 years.
 
Consequently, the Company and Roar Bekker have agreed that Roar Bekker resigns from the Company. He has held the position as CEO of EMGS since 26 May 2009, and has been employed with the Company since 2007. The Board would like to thank Roar Bekker for his valuable contribution to the positive development of EMGS over last few years including the improved financial results.
 
"We are pleased that Bjarte Bruheim has accepted employment as CEO in EMGS. Bjarte brings with him a unique experience and knowledge about the industry, and he understands the challenges and opportunities for EMGS going forward," says Chairman of the Board, Eystein Eriksrud.
 
"I look forward to continue to work to develop EMGS together with our highly qualified team. I believe our products and technology will make a difference for the oil and gas industry. The combination of different geophysical methods, including EMGS products, will be more important with a low oil price. EMGS products assist oil companies in reducing their expenses through increased drilling success," says CEO of EMGS, Bjarte Bruheim.