Group 1: Leadership Transition - Tom Erik Foss-Jacobsen has been appointed as the new CEO of Borregaard ASA, effective from August 1, 2025, succeeding Per A. Sørlie who will retire after 26 years in the role [1][5] - Helge Aasen, chair of Borregaard's Board of Directors, expressed confidence in Foss-Jacobsen's leadership capabilities, highlighting his in-depth understanding of the business and strong results in previous roles [2][5] - Per A. Sørlie has been with Borregaard for 35 years, contributing significantly to the company's transformation into a bio-based specialty chemicals firm and driving profit growth since its listing on the Oslo Stock Exchange in 2012 [6] Group 2: Background of Tom Erik Foss-Jacobsen - Foss-Jacobsen is currently the Executive Vice President and head of BioSolutions, a position he has held since 2019, and has over 25 years of experience at Borregaard, including 21 years in leadership roles [3] - He holds a master's degree in international marketing and strategy and a bachelor's degree in civil engineering, indicating a strong educational background relevant to his new role [3] Group 3: Future Outlook - Foss-Jacobsen expressed a commitment to driving sustainable growth and creating value for Borregaard and its stakeholders, indicating a focus on the company's strategic objectives [5] - The Board will grant Foss-Jacobsen stock options upon his accession, aligning his interests with the long-term performance of the company [7]