REC ASA - Mikkel Tørud appointed new Investor Relations Officer

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Sandvika, December 18, 2009; Mikkel Tørud has from January 1, 2010, been appointed Vice President & Investor Relations Officer, reporting to EVP & CFO Bjørn Brenna.


Tørud joined REC October 1, 2007 and comes from the position as Director Business Development in REC Solar AS. He has recently been involved in the wafer division with sales contracts, establishment of REC Systems and provided analysis of PV market & industry trends for REC Group management. Before joining REC, Tørud worked as Commercial Advisor for BP Norway and several years as Management Consultant for PA Consulting Group. Tørud holds a Master of Science degree in Industrial Economics and Technology Management from Norwegian University of Science and Technology (NTNU) in Trondheim.


Mikkel Tørud replaces Jon Andre Løkke who has been SVP & Investor Relations Officer since 2006. Løkke will assist in the transition period.


For further information, please contact:

CFO Bjørn Brenna, tel: +47 900 43 186



About REC

REC is the leading vertically integrated player in the solar energy industry. REC Silicon and REC Wafer are among the world's largest producers of polysilicon and wafers for solar applications. REC Solar is a rapidly growing manufacturer of solar cells and modules, and are also engaging in project development activities in selected segments of the PV market. REC had revenues of NOK 8 191 million and an operating profit of NOK 2 529 million in 2008. More than 3 000 employees work in REC's worldwide organization. Please also see