Paal E. Johnsen will take the position as investment director in Akastor ASA, and will be a part of the company's executive management team. Johnsen comes from a position in DNB Markets, and has extensive experience at management and board level in various companies in industry and finance, including Carnegie ASA and Alden AS. Johnsen will be based in Oslo, and he will start in his position on July 1, 2015 at the latest.

He will report to the CEO as a member of the executive management team.