EQVA ASA appoints Olav Hilmar Koløy as CEO

1 October 2025: The Board of Directors ofEQVA ASA (OSE: EQVA) has appointed Olav Hilmar Koløy as Chief Executive Officer(CEO) of EQVA ASA, effective on or before 1 January 2026. Koløy replaces ToreThorkildsen, who has served as interim CEO since 30 May 2025. Tore Thorkildsenwill continue to serve in his original capacity as Head of Sales at BKS.

Olav Hilmar Koløy has 30 years ofindustrial experience, holding various positions in the marine segment, latestas CEO of LOS Marine since 2018. His experience spans from detailed fabricationto delivery of significant customer projects. Olav is residing in Sunde,Kvinnherad, close to central customers and the production facilities of BKS.

“Olav Hilmar Koløy brings with him strongexpertise in the marine industry together with broad experience across sales,business development, and operations. We look forward to welcoming Olav to theEQVA team,” said Ingrid Due-Gundersen, Chair of the Board of EQVA, on behalf ofthe Board.
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“I am looking forward to continuingdeveloping the EQVA group in my new role. EQVA has an impressive industrialtrack record, with leaders and employees having demonstrated great talent inbuilding strong and profitable businesses. EQVA is well positioned to pursuenew market opportunities and drive further growth,” commented Olav HilmarKoløy.

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