Induct AS announced that a new board of directors was appointed by the general shareholder meeting held on June 24, 2016. The new board members are: Mr. Even Nordstrøm appointed as chairman. Mr. Even Nordstrom (Chairman) has a long industrial experience at executive levels, including 20 years in the media business during which he also served as CEO in A-pressen and Chairman of the Board in TV2. Prior to that he was consultant in Nexia Management Consulting for 10 years. He is currently Associated partner in First House Media. Mr. Nordstrøm has served in company's advisory board for two years prior to his appointment to chairman of the board. He is a shareholder of the company. Mr. Audun Wickstrand Iversen appointed as board member. Previously he was Board member in Opera ASA since 2008 and Chairman of the Board at NextGenTel Holding ASA since 2015. He has also been in the Board of Mamut ASA. In 2012, Mr. Iversen Co-founded the renewable energy company EAM Solar where he served as CEO until December 2015. Mr. Øivind Oberg Magnussen appointed as board member, he worked 8 years in New York from 1992-2000 within the Investment Banking Industry and was part of establishing DNB Securities' office in New York. From 2000 and until now he has been starting up different technology companies outside Norway. As part of the changes in the board, the former chairman, Mr. Åge Muren, will step out of the board to facilitate a clearer distinction between the board and the management. He will continue as CFO for company. Mr. Alf Martin Johansen (founder and CEO) will continue as board member for a limited time to ensure continuity, but will also step out of the board to complete the distinction between the board and the management.