Eltek ASA changes CFO

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Drammen, 8 January, 2013: Eltek ASA has started working to recruit a new Chief Financial Officer, as current CFO P嶚 Skistad has resigned from his position.  

Skistad will remain in the position through the reporting of the interim results for the fourth quarter and full year 2012, and will leave the company by the end of February 2013.

Skistad has been with Eltek since 2001, and the company would like to thank him for his contributions over the past twelve years.

For further information, please contact:

CEO Colin Howe, Eltek ASA, tel: +44 776 846 6446

CFO P嶚 Skistad, Eltek ASA, tel: +47 908 50 378

About Eltek ASA:

Eltek is a strategic technology partner within power solutions. The Company reported revenue of NOK 3.6 billion in 2011, and has approximately 2,400 employees in close to 40 countries. The company focuses on power electronics markets, where the company is one of the leaders in telecom power and a growing force within industrial applications. Eltek also holds growth opportunities within solar power, e-vehicles, and datacenters. Eltek is listed on Oslo Stock Exchange and headquartered in Drammen, Norway.

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