After 20 years as CEO of Cyviz AS, Joar Vaage has informed the Board that he wants to step down as CEO of the company. The Board has accepted his resignation, and has appointed the current CFO, Erik Fausa Olsen, as interim CEO while the search for a new CEO takes place. Joar Vaage will stay with Cyviz until October 31st, and will in this period focus his time and efforts on supporting Cyviz’s operations in the Middle East and APAC regions.

“We have over the last few years significantly strengthened the organization and added key management personnel. I am thus leaving my position as CEO with the strongest confidence in Cyviz’s ongoing success,” says Joar Vaage.

“To start as a founder and stay on as CEO for 20 years, is a remarkable achievement”, comments Chairman Ole J. Fredriksen. “Cyviz has obtained the position as a widely respected leading player in our market place, thanks to the hard work and commitment Joar Vaage and his team has shown during these years.”

 

The Board of Directors, Cyviz AS