Navico’s board of directors has appointed Knut Frostad as President and Chief Executive Officer – assuming the role of outgoing chief executive, Leif Ottosson.
“We thank Leif Ottosson for leading ten years of transformation and growth in Navico,” said Hugo Maurstad, chairman of the board of Navico.
“Knut Frostad has been on Navico’s board for 14 years and brings solid experience in the industry and understanding of our business as former CEO of the Volvo Ocean Race, as well as director and advisor to several international companies. I can think of no one better to take over and lead Navico into a new era,” continued Maurstad.
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Knut Frostad’s day-to-day leadership of Navico begins immediately.
