Renewable Energy Corporation ASA (REC) has received notification from chairman Jens Ulltveit-Moe of his decision to resign from the Board of Directors of REC. The Board of Directors has elected Mimi K. Berdal as new Chairman.

The Board is grateful for Ulltveit-Moe's contributions both as key investor and chairman of REC in a challenging period and acknowledges his visionary enthusiasm for REC and the solar industry.