Ola Bøsterud, VP Group Communications, Resigns for new Position in Aibel

Vice President Group Communications Ola Bøsterud has resigned his job in PGS to take over a corresponding position in Aibel (www.Aibel.com), a leading provider of products and services to the upstream oil and gas industry. Ola will take up his new position in Aibel on 1st December 2007.

“Since Ola started in PGS in 2004, he has professionalized our communications work in general and our investor relations work in particular. Combining a strategic and operative approach he has strongly contributed to rebuilding and developing the PGS profile. Therefore I thank Ola for his great effort and wish him all the best in the new job”, says CEO Svein Rennemo. The search for Ola Bøsterud’s successor has started.