TTS Group ASA announced that Mr. Bjorn Olafsson has with effect from October 30, 2015 been appointed as Deputy Managing Director and member of the corporate management team in the company. Mr. Olafsson will be responsible for Group Finance, IR/Communications and IT. He has extensive experience from different board- and management positions within banking/insurance, international- and oil & gas industries.

Mr. Olafsson serves as Chairman of TTS' nomination committee. The board of TTS Group has announced that he will step down from the nomination committee with immediate effect.