The Board of Eltek has decided to reorganize the company into a simpler operational structure under the ELTEK brand name. The changes will effectively merge the operations in Eltek ASA and the wholly owned subsidiary Eltek Valere. Jørgen Larsen retires from his position as CEO of Eltek ASA, and the Board has appointed CEO Colin Howe in Eltek Valere as CEO also of Eltek ASA.
"A strategic review by the Board and management have led up to a reorganization and strengthening of the corporate branding model, both of which are natural steps following the divestment of Nera Networks and the broadening of the core activities into new business areas. We believe the organizational changes that come into effect today will further streamline Eltek’s operational structure." said Erik Thorsen, Chairman of the Board in Eltek ASA.