Arendals Fossekompani's portfolio company Tekna Holding ASA (OSE: TEKNA) has
called for an extraordinary general meeting on October 3 with the purpose of
electing Dag Teigland as the new Chairman of the Board of Directors.
Pending the outcome of the meeting, Dag Teigland will replace Morten Henriksen,
Executive Vice President at Arendals Fossekompani. Henriksen will stay on as a
board member.
Teigland is an experienced top executive with extensive background from
international business, including the global metal industry. His experience
includes, among others, management positions in Elkem and CEO of Tinfos. More
recently, Teigland served 12 years as CEO of Holta Invest, a privately owned
investment company.
Teigland is also a board room veteran, serving as member and chairman of the
Board of Directors of several Norwegian and international companies.
"Tekna is an exciting company with superior technology to produce high-end metal
powder for a variety of industries. I look forward to joining a great team to
continue and accelerate Tekna's growth path. In my view, there is a huge
commercial potential for the advanced material powders of Tekna," says Teigland.
Ørjan Svanevik, CEO of Arendals Fossekompani, the majority owner of Tekna, is
pleased to welcome Dag Teigland on board.
"Teigland will bring valuable competence and experience to the Tekna board room.
He knows the global customer verticals and has a great track-record for
shareholder value creation and strategic execution," says Svanevik.
Teigland is engaged by Arendals Fossekompani as a senior business advisor with a
special focus on Tekna, and is not to be considered as an independent chairman
of the board, should he be elected.