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Opera appoints Lars Boilesen new Chief Executive Officer

January 5, 2010

Company co-founder Jon von Tetzchner assumes new role in Opera

Oslo, Norway, January 5, 2010

Opera Software today announced that Lars Boilesen (42) has been named the company's new Chief Executive Officer, effective immediately. He succeeds Jon S. von Tetzchner, who co-founded the company in 1995 and has served as Chief Executive Officer since that time. Jon von Tetzchner will continue to serve Opera full-time in a strategic and independent capacity.

"Lars Boilesen brings both a very significant industry experience and a deep understanding of Opera to the role as the company's Chief Executive Officer. In short, Opera's spirit runs through his veins," says Jon von Tetzchner. "My decision to assume a new role in Opera is based on a lengthy consideration process. As outgoing Chief Executive, I leave confident in the company's continued leadership in key markets, our strong management team, our ongoing commitment to innovation, and our robust financial foundation."

Boilesen is a recognized business leader with more than 20 years of international management and sales/marketing experience from companies such as Alcatel-Lucent, Tandberg Data, Lego and Opera Software. Boilesen previously worked for Opera from 2000 to 2005 as Executive Vice President, Sales. During the company's formative years, Boilesen played a crucial role in transforming Opera from a desktop browser vendor into a leader in cross-platform browsing. In 2005, Boilesen joined Alcatel-Lucent as CEO of the Nordics and the Baltics. Prior to re-joining Opera in January 2009 as Chief Commercial Officer, Boilesen served on Opera Software's Board of Directors as Vice Chairman.

"I was very happy about convincing Lars to come back to Opera one year ago. Today, I am very excited about asking him to take over as CEO as we continue our growth and global expansion. We have worked closely together for many years and I am certain that he is the right person to lead Opera into a very bright future," said Jon von Tetzchner.

"I am impressed with what Opera has achieved under Jon's leadership," says Lars Boilesen. "We provide browser technology not only to nearly 100 million consumers worldwide, but also to the major players in the industry: Vodafone, T-Mobile, Nintendo, KDDI, SKT, Nokia, Samsung, Toshiba and Sony Ericsson to name but a few. Our focus going forward is to execute on our current strategy and continue to deliver the best browser experience to the breadth of our customer and user base."

Lars Boilesen biography

Lars Boilesen has extensive sales and business development experience from the global IT and telecommunications industries. He has held executive positions in various corporations including Alcatel-Lucent where he was CEO for the Nordics and the Baltics. He has previously served at Opera Software where he was Executive Vice President of Sales and Marketing, from 2000 to 2005. Prior to that, Lars headed the Northern Europe and Asia Pacific markets for Tandberg Data. He started his career at Lego Group.

About Opera Software ASA

Opera products enable more than 350 million internet consumers worldwide to discover and connect with the content and services that matter most to them, no matter what device, network or location. In turn, we help advertisers reach the audiences that build value for their businesses. Opera also delivers products and services to more than 120 mobile operators around the world, enabling them to provide a faster, more economical and better network experience to their subscribers.
From family photos and funny videos to business ideas that change the world economy, the internet has always been about discovery. Whether you are a consumer getting online for the first time, or a multinational corporation trying to reach the right audience, Opera can help you discover more online.
Opera Software ASA is listed on the Oslo Stock Exchange under the ticker symbol OPERA. ‘Opera’, ‘Opera Software’, ‘Opera Mini’ and the ‘O’ logo are trademarks of Opera Software ASA. All other trademarks are the property of their respective owners. Learn more about Opera at www.opera.com.

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