Espen Falck Engelstad steps down as CEO of Brav, Erik Sønsterud Appointed Interim CEO

Espen Falck Engelstad, Chief Executive Officer of Brav, steps down.

“The Board of Directors and Ferd as owner would like to thank Espen for his important contributions during the past four years. Espen has played an important role in the development of the company and has led the company through challenging times. We wish Espen all the best in his future endeavors”, comments Gustaf Öhrn, Chairman of Brav.

The Board of Director has appointed Erik Gunset Sønsterud (56) as Interim CEO of Brav effective immediately. Erik has extensive experience from various CEO and CFO roles. Erik has a Master’s degree in economics from BI Norwegian Business School and credentials as a Certified Public Accountant from the Norwegian School of Economics (NHH).

“The Board is very satisfied with the recruitment of Erik Sønsterud as Interim CEO. We believe he is the right person to lead Brav until a permanent solution is in place”, comments Gustaf Öhrn, Chairman of Brav.

"I look forward to taking on the role as interim CEO at Brav. It is a very exciting company with strong brands and great values. I look forward to working together with all my new colleagues at Brav", comments Erik Sønsterud, interim CEO of Brav.

The Board of Director has started the recruitment process for a permanent CEO.

More information on www.brav.com

Contact person:

Eivind Garshol

+47 913 72 696

eivind.garshol@brav.com

Interim HR Director Brav

Brav is a major player in the sport and outdoor industry. We own and manage some of the most influential brands in the marketplace; Swix, Toko, Lundhags, Ulvang, Helsport, and the digital platform Skisporet.no.