January 18, 2025
Huddly AS – Proposed composition of the board of directors
Oslo, 17 January 2025: Huddly AS (the “Company“ or “Huddly”) refers to the notice to the extraordinary general meeting scheduled for 22 January 2025 at 10:00 CET (the “January 2025 EGM”) as distributed on 7 January 2025, agenda item no. 5 “Election of new board of directors”, where it was explained that the Company was in process with finding suitable candidates for its board of directors (the “Board”) and that a complete proposal for a new Board would be presented as soon as possible and prior to the extraordinary general meeting.
The Board has discussed the composition of the Board going forward in conjunction with the proposed plan to introduce a nomination committee as from the annual general meeting in 2025 (the “2025 AGM”). In order to facilitate a smooth introduction of the nomination committee, taking the advantage of the assumed positive effect of the nomination committee without delay after the 2025 AGM, and to facilitate continuity in the Board going forward, the current Board proposes to introduce an extraordinary general meeting in Huddly in or about October 2025 (the “Proposed October 2025 EGM”) where the term of three of the current Board members will expire. This will give the nomination committee the opportunity to evaluate whether the said three current Board members should be proposed for a new term or be replaced. Further, the Board believes that, in order to provide for continuity in the Board, the two new female Board members and the observers are proposed to be elected until the annual general meeting in 2026 (the “2026 AGM”).
On this basis, the Board presents the following proposal for the new Board to be elected at the January 2025 EGM:
- Jon Øyvind Eriksen (Chair of the Board) - Term until: Proposed October 2025 EGM
- Jostein Devold (Board member) - Term until: Proposed October 2025 EGM
- Kristian Kolberg (Board member) - Term until: Proposed October 2025 EGM - Bente Sollid (Board member) - Term until: 2026 AGM
- Anika Jovik (Board member) - Term until: 2026 AGM
- Mike Brandofino (Board observer) - Term until: 2026 AGM
- Stein Ove Eriksen (Board observer) - Term until: 2026 AGM
Brief biographies of the proposed members and observers of the Board
Set out below are brief biographies of the proposed members and observers of the Board, including their relevant management expertise and experience, and an indication of any significant principal activities performed by them outside the Company.
Jon Øyvind Eriksen, proposed as new chair of the Board
Jon Øyvind Eriksen, born in 1964, represents and is the chair of the board of directors of the investment company Sonstad AS, the largest shareholder of the Company. Jon Øyvind has more than 15 years of experience as chief executive officer in various companies and has established several successful technology companies, such as Kantega AS and Signicat AS. He holds a Master of Science degree from the Norwegian University of Science and Technology and, in addition, an MBA from London Business School. Jon Øyvind is a Norwegian citizen and is resident in Norway. In addition to his current role as Board member in Huddly, he is chair or member of the board of directors of a number of companies, including Intelecy AS, Aidiom AS, Sonstad AS, Kantega AS, Fonn AS, and Loopfront AS.
Kristian Kolberg, proposed as Board member
Kristian Kolberg, born in 1969, is a partner and one of the owners of Kolberg Gruppen AS, a family office engaged in property management, development and investment management. Previously, Kolberg Gruppen AS was a leading group in the Norwegian automotive industry. Kristian is a Norwegian citizen and is resident in Norway. In addition to his current role as Board member in Huddly, he is chair or member of the board of directors of a number of companies, including Kolberg Motors AS, Multiplikator AS, Ensjøveien 12 Utvikling AS, Gladengveien 8 Utvikling AS, Videocation.no AS, Kolberg Holding AS, Senscom AS, Jbk Motor Invest AS, and Tk Motor Invest AS.
Jostein Devold, proposed as Board member
Jostein Devold, born in 1960, is the managing director of the investment company Mertoun Capital AS. Prior to joining Mertoun Capital AS, Jostein held the position as investment director in Rasmussen Gruppen AS and Aweco Invest AS/Awilhelmsen AS. Further, he has eight years of experience from corporate finance in Saga Securities/Danske Bank. Jostein holds a graduate degree from the University of Manchester and an undergraduate degree from BI Norwegian Business School. He is a Norwegian citizen and is resident in Norway. In addition to his current role as chair of the Board of Huddly, Jostein is chair or member of the board of directors of a number of companies, including Marna Invest AS, Windport AS, Noah AS, Got Services AS, Got Marine AS, Mertoun Capital AS, Got Equipment AS, Got Products AS, Lervigsveien Bolig AS, Norsk Stål AS, Ayfie International AS, Got Holding AS, Støperigata 18 AS, Global Ocean Technology AS, Got Energy AS, and Endúr ASA.
Bente Sollid, proposed as Board member
Bente Sollid, born in 1967, is the CEO of Digital Hverdag AS. She is an accomplished high-profile entrepreneur with more than 10 years of CEO experience. After being the youngest newspaper editor in Norway, she went on to establish and lead one of the most successful (and highest valued) internet companies in Norway in the dotcom era. She has since then had extensive involvement as board director across listed companies and tech companies. Bente has a communication background, and a strong M&A practitioner track record. She has also won numerous awards and is a thought leader in Norway on digital transformation and AI. Her personal website is https://www.bentesollid.no/ and LinkedIn profile https://www.linkedin.com/in/bentesollid/
Anika Jovik, proposed as Board member
Anika Jovik, born in 1980, is a US and Norwegian citizen and has a diverse work experience in finance and strategy roles. She is currently the Chief Financial Officer at Stokke, a position she has held since 2023. Prior to that, she worked at Yara International, where she held various roles including Head of Investor Relations from 2022 to 2023, CFO Industrial from 2018 to 2022, and Project Manager Strategy and Business Development from 2016 to 2018. Anika also served as an Investment Board Member at Yara Growth Ventures from 2021 to 2023. Before her time at Yara, she worked as a Case Team Leader at Bain & Company from 2012 to 2016. Anika's earlier experience includes roles as an Associate at GE Energy Financial Services from 2011 to 2012, Senior Financial Analyst at the City of New York, Office of the Comptroller from 2008 to 2009, Public Finance/Interest Rate Derivatives Associate at Bear Stearns from 2005 to 2008, and Financial Consultant at Public Financial Management from 2003 to 2005. She holds a Bachelor’s degree in Political Economy from Yale University and an MBA in Finance from The Wharton School. Anika’s LinkedIn profile is https://www.linkedin.com/in/anika-jovik-8a4b2439/ and she is presented at https://www.stokke.com/GBR/en-gb/home
Michael A. Brandofino, proposed as observer to the Board
Michael A. Brandofino, born in 1964, is a US citizen and an experienced business leader with a proven track record of leadership positions in technology companies on a global basis. Michael currently holds the position as president and COO at Caregility. His experience comprises of several leadership positions in different IT and consultancy businesses. He holds a degree in business from Pace University – Lubin School of Business. In addition to his current role as Board member in Huddly, he is chair of the board of IMCCA, board member of Yorktel, CEO of Caregility, and COO of Caregility.
Stein Ove Eriksen, proposed as observer to the Board
Stein Ove Eriksen, born in 1982, is the co-founder of Huddly and currently its Chief Product Officer (CPO). Stein Ove has a total of 16 years of industry experience, obtained by holding various roles in Tandberg/Cisco from 2009 to 2013, inter alia as a Technical Project Manager R&D and Hardware Engineer. He has been a part of Huddly since 2013 and is also currently serving as Board observer in the Company. Stein Ove holds a Master of Science degree in Electronics from the Norwegian University of Science and Technology. He is a Norwegian citizen and is resident in Norway.
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Contacts
For more information, please contact:
Jostein Devold, chair of the Board, +47 90 88 00 49, jd@mertoun.no
Abhijit Saha Banik, CFO, +47 40 83 09 64, abi.banik@huddly.com
Disclosure
This information is subject to the disclosure requirements pursuant to section 3.15.3 (2) of Euronext Growth Oslo Rule Book – Part II and section 5-12 of the Norwegian Securities Trading Act.
About Huddly AS
Disruptive innovation is our heartbeat at Huddly. We're committed to pushing technology and challenging the status quo in order to empower human collaboration. Combining our industry-leading expertise in artificial intelligence, software, hardware, and UX, we craft intelligent camera systems that enable inclusive and productive teamwork. Huddly cameras are designed to provide high-quality, AI-powered video meetings on major platforms, including Microsoft Teams, Zoom, and Google Meet. With upgradable software, durable hardware, and engaging user experiences, they are the ideal choice for organizations seeking a future-proof, scalable, and sustainable solution. Founded in 2013, Huddly is headquartered in Oslo, Norway, with presence in the US and EMEA and distribution globally.