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October 2014

Senior appointments at Recover Nordic

Recover Nordic, one of the leading Scandinavian providers of damage control, rebuilding and emergency response services, today announces two senior appointments.

With effect from August 2014, Ståle Angel was appointed chairman of company. Until 2013 Ståle was CEO of Elixia Nordic, and prior to that he held senior management positions in Norway with Brio, Manpower and Johnson & Johnson.

Recover Nordic also announces the appointment of Finn Øistein Nordam as the company’s Chief Financial Officer with effect from August 2014. Finn will report to Group CEO, Roar Smedsrud. Prior to joining Recover Nordic, Finn was CFO at Blueway AS, the Nordic helicopter group, and before that he held other senior positions both as CFO and as Head of Project Finance.

Commenting on the appointments, Martin Calderbank, a Director of Recover Nordic and a Partner at Agilitas, the private equity investor in Recover Nordic, said: “We are delighted that Ståle and Finn have joined Recover Nordic.

Ståle brings valuable experience having previously been Chief Executive of a successful private equity-backed business; Finn also has considerable private equity experience and they will both strengthen the senior management team as the business transformation process gathers pace at Recover Nordic.”

Media enquiries to: Greenbrook - Alex Jones, Matthew Goodman and Clare Glynn

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