Eli Giske has been elected as a new member of the Board of Powel ASA.

Since January 2005, Giske has been Chief Financial Officer of ErgoGroup ASA. She has previously held similar positions in ErgoIntegration AS and EDB Business Partner ASA, as well as financial positions in the engineering consultancy sector and offshore engineering. Giske has a wide range of experience as a board member and consultant to companies in the IT sector, and she holds a Master’s degree in Business and Marketing from Oslo Business College.

“We are very pleased to have Eli Giske as a member of our Board, given her wide range of experience in the IT sector at operational and board level. In view of the forthcoming stock exchange listing of Powel ASA, a further positive factor is that Eli Giske will bring us her experience of a number of listed companies”, says Powel Group chairman Jon Einar Værnes.

For more information, please contact:
Jon Einar Værnes - Tel: +47 73 80 45 00 - Mobile: +47 481 64 555 

Powel facts:
Powel ASA is an IT company dedicated to the development and supply of critical decision-support systems to the energy sector. Powel also supplies control and monitoring systems to the energy sector and public-sector infrastructure (water supply and waste water) for secure power and water supplies. The company’s home market comprises all the Nordic countries, and customers include leading energy supply companies such as Vattenfall AB, Energi E2, Norsk Hydro and Statkraft. Powel’s headquarters are in Trondheim and the company has subsidiaries in Norway and Sweden as well as in the USA and Canada. Our client list contains around 1000 public- and private-sector clients all over Europe and the USA. In 2004, Powel had a turnover of NOK 157 million, with EBITDA of MNOK 3.5.