Kurt Østrem has been appointed as CEO of the leading electric vehicle charging
company Zaptec ASA.

"The Board has been through a thorough process over the last several months. The
process has been run with professional assistance, it has covered a wide
geographical search area and it has included a large number of very competent
candidates towards whom we are grateful for their interest and efforts in the
process.

Against this we are very pleased to announce that Kurt Østrem, CFO and Acting
CEO for the third time in his career with Zaptec ASA, has accepted the position
as CEO.

Kurt has through his period as CFO, acting CEO and - lately - the recruitment
process convinced the Board that he has the experience, the decisiveness, the
vision and the ambition to drive the further development of Zaptec ASA in the
best interest of its stakeholders. 

We look forward to continuing the work together with Kurt and his team to ensure
that Zaptec will develop, perform and prove its role as a leading player in the
international EV space" says Stig H. Christiansen, Chair  of Zaptec. 

Kurt Østrem will assume the role immediately as from 22nd February 2024.

Kurt Østrem adds:

"I look forward to the continued journey with Zaptec and the talented team
dedicated daily to delivering quality chargers throughout Europe. I am excited
to build the organization further, and I'm ready to take the company to the next
level", he says.

Zaptec began its journey in 2012 and had a breakthrough in 2017 when the first
electric vehicle charger was produced for a market in a country with mature
electric vehicle development. Since then, there have been years of milestones
for the company, most recently in 2023, with half a million chargers produced
and charging technology patented.