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Elektroimportøren AS: Andreas Niss is resigning as CEO

Elektroimportøren
The Board of Directors of Elektroimportøren AS and CEO Andreas Niss have agreed
that Mr. Niss will step down from his position as Chief Executive Officer. The
decision follows a joint assessment that the company is now positioned for its
next growth phase and that a leadership transition is timely.
Mr. Niss has led the company for 11.5 years. Under his leadership,
Elektroimportøren has grown more than tenfold in turnover and developed from a
local player into a Scandinavian company. Over the past year the company has
taken strategic steps to establish a foundation for renewed growth and
profitability both in Norway and Sweden.

Chairman of the board Karin Bing Orgland states:
"Andreas has played a central role in building the company into what it is
today. We thank him for his efforts over the past decade and that over the last
2 years he has managed a turnaround process bringing the company from red to
black figures.
We wish him all the best in his next chapter."

Andreas Niss comments:
"Leading Elektroimportøren for more than ten years has been a real privilege.
Together with a great team of colleagues, we have challenged a conservative and
well-established market and shown that being close to our customers - and
delivering with strong competence and professionalism - truly matters.
We have built a new kind of retail and wholesale experience for both private and
professional customers, and we have successfully taken the concept into new
markets. I am proud of what we have achieved, and confident that the company is
well positioned for the next phase of growth and improved profitability.
Together with the Board, I have concluded that this is the right time for me to
move on."
Andreas will stay in his current role until 15th of May 2026. The process to
identify a new CEO will commence immediately.
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