Change of Managing Director in Devold AMT AS

31-Mar-2010 - Norway

The Board of Directors in Devold AMT AS and Managing Director Johan Fausa have agreed that Mr. Fausa will retire from his position as Managing Director end of March 2010. The parties have different perspectives on strategic direction for the company and the plans that the Hexagon Corporation wants to implement in future. Mr. Fausa has been Managing Director since 2003 and the Board of Directors wishes to thank him for his strong efforts in his period as Managing Director.

Lars Ivar Flydal has been contracted as new Managing Director and he will lead the company in an interim period.

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