The Best 4th Of July Appliance Sales: Save Up To 50% On Vacuums, Stoves And Morehttps://t.co/YtiqjF2193 https://t.co/AVqAubn5qm ...

Core Viewpoint - Jøtul AS has successfully completed a recapitalization and debt reduction through a significant debt-to-equity conversion in April 2025, positioning the company for future growth and operational improvements [1][9]. Company Restructuring - The next step in the restructuring process is to operationalize and accelerate a profitable growth strategy for Jøtul, with Erik Øyno appointed as executive chairman alongside board members Julie Berg and Ole Kristian Sivertsen [2][10]. - Shareholders have granted a company owned by Øyno subscription rights of up to 5% of the shares on terms equal to the equity conversion completed in April [2][10]. Leadership Experience - Erik Øyno brings decades of CEO experience, having previously led Protan, Aktiv Kapital, and Byggmakker, focusing on growth and profitability improvements [3][11]. - Julie Berg has extensive CFO experience, currently serving as CFO of Mainstream and previously at Aker Carbon Capture, with over 20 years in auditing and advisory roles [4][12]. - Ole Kristian Sivertsen has significant international experience in various executive roles, including CEO and CFO, and has worked in corporate restructuring and finance for decades [5][13]. Shareholder Confidence - The company's shareholders have confidence in Jøtul's potential and have selected board members dedicated to continuous improvement and driving the business forward [6][14]. - With a robust and healthy balance sheet, Jøtul is well-equipped to seize new opportunities and enhance its competitive position in the market [6][14]. Strategic Vision - Øyno emphasizes that with an improved financial foundation and focused ownership structure, Jøtul can accelerate and expand its strategic priorities, reinforcing its position as one of the largest producers of stoves and fireplaces in Europe [7][15].