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KItron ASA recruits Israel Loasada Salvador as Chief Operating Officer (COO)
[November 16, 2012]

KItron ASA recruits Israel Loasada Salvador as Chief Operating Officer (COO)

(Thomson Reuters ONE Via Acquire Media NewsEdge) (2012-11-16) With effect from February 1 2013 Israel Losada Salvador will join Kitron ASA with total responsibility for Manufacturing, Supply chain and Quality.

Mr. Salvador has extensive experience from operations within the Oil&Gas sector and has a Masters degree in Finance & Administration from NHH (Norway) and a Master's degree in Engineering from the Polytechnic University of Valencia. He is 38 years of age, born and raised in Valencia, and lives in Asker.

His last assignment was as Supply Chain Manager with one of Schlumberger's Product Groups.

"Mr. Salvador will play a key role in our efforts to optimize our supply chain across the group.  This is a new position in Kitron which we believe will be important to drive performance improvement.  Our ambition to reduce inventory by NOK 100 million over the next year, is one example of an area where we target improvement," says Jørgen Bredesen, CEO Kitron ASA.

For further information please contact: Jørgen Bredesen, CEO of Kitron ASA, tel. +47 48 25 25 84 or e-mail Kitron is one of Scandinavia's leading electronics manufacturing services companies for the Defence, Energy/Telecoms, Industry, Medical equipment and Offshore/Marine sectors. The company is located in Norway, Sweden, Lithuania, Germany, China and the United States. Kitron had revenues of about NOK 1.7 billion in 2011 and has about 1,200 employees. This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Kitron ASA via Thomson Reuters ONE [HUG#1658702]

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