NAS (MW): has appointed the CFO Geir Karlsen as the new CEO of Norwegian as of today. It is stated that the Board of Directors voted on June 20th to end the CEO tenure of Jacob Schram – hence clearly the Board of Directors lost confidence in Schram. From a business perspective we note that the new CEO Geir Karlsen was acting CEO of NAS from July 2019 to December 2019 and has vast management experience – hence we doubt it will have a significant impact.
