Cramo's Norwegian director to leave the company

Mr Finn Løkken, managing director of Cramo Norway AS and a senior vice president in Cramo's group management team, is to resighn from his position and pursue a career outside the rental industry.

Mr Løkken, who joined Cramo in 2003, will remain in his current position until a successor has been appointed, and will depart before June 2012.

Mr Vesa Koivula, CEO of the Cramo Group, said Mr Løkken's "contribution to develop Cramo from a small player in the Norwegian equipment rental industry into one of the country's leading and most progressive rental companies cannot be overestimated.

"In 2009, Finn was appointed a member of Group management team, where his commitment and experience have also been an asset for the Cramo Group as a whole. We wish him the best of luck in his new career."