Appointment of New CEO

Scana ASA announces that Pål Selvik has decided to step down from his position as Chief Executive Officer (CEO) with effect from today. He will be succeeded by Baste Tveito who will take the role as acting CEO.

Baste Tveito is deeply familiar with the company having served as Chief Operating Officer (COO) of Scana ASA. He brings extensive industry experience from senior management positions in oil and gas, systems industry, and business organizations.

“I am grateful for the trust and motivated by the opportunity to lead the value creation journey together with the talented people in our portfolio companies and in Scana ASA”, says Baste Tveito.

Pål Selvik comments: “Working for Scana has been a rewarding experience, first as chairman of the board, and later as CEO. I wish the company and Baste all the best going forward.”

Pål Selvik has agreed to a six-month lock-up period for his shares in Scana.

With a solid platform in place, the company will continue its strategic focus on profitable growth and long-term value creation for shareholders.

This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. This stock exchange announcement was published by Stian Vikebø, General Counsel at Scana ASA, on 27 May 2025 at 08:09 CEST.