With background in business management and administration, FROSTAD has also been a board member and industrial advisor to leading companies as well as a sought after business speaker in Europe.
Gerry KEANEY, chairman of the board of Volvo Event Management and Senior Vice President of Volvo Car Corporation, said: "We are proud to welcome a man of Knut's calibre to our team and look forward to working with him during the build up of the race and throughout the race itself. His sporting and business prowess marks him out as an excellent choice and we are very pleased that Knut has taken up the position of CEO. He is a top sailor and we welcome him onboard."
FROSTAD said that the Whitbread/Volvo has been a big part of his life for 15 years and that this would be a dream job.
"My immediate focus is the present race. The 2008-09 race is pretty much laid out. My job is to ensure that the race is organised expertly and that we have the most successful and exciting race possible as we continue the event's evolution. The team in place in race head quarters is experienced and professional which will ensure a seamless transition.
"The 2008-09 race has the biggest course and route change in the event's history which makes it a great challenge to take on. It is going to be very exciting for us as race organisers, the participating teams, the ports and the sponsors. We have a wonderful opportunity to engage the general public in these new territories and the spectacle of the race," FROSTAD said.
Volvo Ocean Race - www.volvoceanrace.org