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Argeo ASA Appoints Joost Bakker as Interim CEO

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Argeo AS ( (DE:8W20) ) has issued an update.

Argeo ASA has appointed Joost Bakker as the interim CEO, effective immediately, following his promotion from COO. This leadership change allows Jan P. Grimnes to resume his role as Chair of the Board, while Odd Erik Rudshaug returns to his full-time CFO duties. The board continues to search for a permanent CEO, and this transition is expected to stabilize the company’s leadership, potentially impacting its strategic direction and operations.

More about Argeo AS

Argeo ASA is a comprehensive subsea service provider operating in the Oil & Gas, Marine Minerals, and Renewables sectors. The company offers a unique package that includes robust vessels, autonomous underwater vehicles (AUVs), advanced sensors, digital imaging technology, and a digital platform for data visualization. Argeo provides full-lifecycle services such as survey, inspection, maintenance, and repair, focusing on efficiency and reducing carbon footprints for global clients. The company has offices in Asker, Edinburgh, Houston, and Rio de Janeiro and is listed on Euronext Oslo Børs under the ticker ARGEO.

YTD Price Performance: -69.47%

Average Trading Volume: 786,257

Current Market Cap: NOK188.3M

Learn more about 8W20 stock on TipRanks’ Stock Analysis page.

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