Knut Frostad to lead Navico

Navico, parent company to the Lowrance®, Simrad®, B&G® and C-MAP® brands, has appointed Knut Frostad as President and Chief Executive Officer – assuming the role of outgoing chief executive, Leif Ottosson.

“Knut Frostad has been on Navico’s board for 14 years and brings solid experience in the industry and understanding of our business as former CEO of the Volvo Ocean Race, as well as director and advisor to several international companies,” said Hugo Maurstad, chairman of the board of Navico.

“It will be a privilege and honor to lead Navico – a truly global company with highly talented people and iconic brands,” said Frostad. “We have an exceptional team at Navico that is focused on transforming the business, continuing to innovate and unlocking future growth opportunities. With my passion for boating and the water, this is truly an exciting opportunity.”

Knut Frostad’s day-to-day leadership of Navico will begin immediately.