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Trolltech’s Haavard Nord assumes sole CEO position

Trolltech today announced that Haavard Nord, one of Trolltech's two co-CEOs will assume the role of sole CEO as effective of November 1, 2007.

Co-CEO Eirik Chambe-Eng is resigning from his position as co-CEO of the company as of the same date, due to health reasons. Eirik Chambe-Eng will remain involved with the company and advise on strategies, culture, and other critical aspects of the company. He expects to be able to contribute at 80% of a full time work load.

In addition, Trolltech has engaged a search firm to hire a COO to take responsibility for the operations of the company.

"I have recently been diagnosed with a condition called AMD (Age related Macular Degeneration) which impairs my eye sight." commented Mr. Chambe-Eng " "Although I am able to function at close to 100% at present, the stress and workload associated with being CEO of a public company is not compatible with this condition.”

“Over the past thirteen years Eirik has made countless contributions to Trolltech’s growth and success. I am extremely grateful that he will be able to continue contributing and providing myself and the team with his valuable insights and experience. We will be able to move forward as before and I will be able to lead Trolltech to best take advantage of our technology, our market position and most importantly, capitalize on the opportunities that are presented to us,” said Haavard Nord, Trolltech CEO. -Trolltech

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