Benjamin Kristoffer Golding has been appointed Chief Executive Officer of
Arendals Fossekompani.

"We are very pleased to welcome Golding to Arendals Fossekompani. With great
insights into technology and a solid all-round industrial and financial
background, Golding is well equipped to take Arendals Fossekompani to the next
level," says Trond Westlie, Chairman of the Board of Directors of Arendals
Fossekompani.

Golding (born 1980) is currently Group Executive Vice President of Products and
Innovation at the Norwegian bank DNB. He brings experience from industrial and
industrial investment companies, such as Orkla, Aker Solutions and Akastor, in
additions to years at McKinsey. Golding serves as chairman of the board of Bits
AS and as a board member of Vipps AS and Bankid Bankaxept AS. He holds a
master's degree in Technology within Cybernetics from the Norwegian University
of Science and Technology.

Partly raised in Arendal, Golding has spent most of his life in Trondheim and
Oslo. In 2018 he returned to his hometown together with his wife and two
children. 

"I am thrilled to join Arendals Fossekompani. Being an Arendal native, it is a
company I have followed with pride and admiration. I am humbled by the
opportunity to lead the group and its portfolio companies in a new phase,
together with an experienced and highly competent team," says Golding.

Benjamin Golding will assume his position at Arendals Fossekompani as soon as
his job in DNB comes to an end but no later than 1 August 2023. 


For further comments, please contact:
Trond Westlie, Chairman of the Board of Arendals Fossekompani: +47 997 40 496 
Hanne Watts, VP Communications Arendals Fossekompani: +47 997 40 496 
Benjamin Golding, incoming CEO of Arendals Fossekompani: +47 924 06 952

Arendals Fossekompani | www.arendalsfossekompani.no 
Arendals Fossekompani (AFK) is a long-term investment company that owns energy-
and technology-related companies which enable the transition to energy security
and next generation industrial technologies. AFK operates globally in several
future-oriented industries, including 3D printing, wireless charging, algo
trading, satellite services, battery- and solar technology, software, and
digitization. Established in 1896, AFK has been a proud producer of renewable
hydro power for more than 100 years. The company is headquartered in Arendal,
Norway and listed at the Oslo Stock Exchange.

- - - - -
This stock exchange announcement was published by Lars Peder Fensli, acting CEO
and CFO,
Arendals Fossekompani ASA, on 10 January 2023 at 08:00 CET.