Åge Korsvold appointed as Acting President and CEO of Orkla
(Thomson Reuters ONE) -
Orkla's Board of Directors and Bjørn M. Wiggen have agreed that he will resign
as President and CEO of Orkla with effect from 30 April. The Deputy Chair of the
Board of Directors, Åge Korsvold, has been appointed as Acting President and
CEO.
"The change of CEO entails no change in Orkla's strategy. The company intends to
strengthen its position as the leading branded goods company in the Nordic
region. At the same time, the company's non-core businesses will be divested,"
says Stein Erik Hagen, Chair of Orkla's Board of Directors.
The change of CEO and preliminary accounting figures are being made public now
in order to eliminate any uncertainty that may have been created by media
reports on 28 April.
"Orkla is at a crucial stage of a demanding process of transforming the Group
into a pure branded goods company. The Board of Directors wishes to be more
closely involved in this process. The main reason for the change of President
and CEO is disagreement between the Board and Bjørn M. Wiggen as regards ways of
working. I am therefore pleased that the Deputy Chair of the Board, Åge
Korsvold, has agreed to be appointed as Acting President and CEO," says Board
Chair Stein Erik Hagen.
Åge Korsvold has many years of experience in top executive and Board positions
in Norwegian and international business and industry, including as CEO of
Storebrand from 1994 to 2000 and CEO of Kistefos AS from 2001 to 2010. He has
been a member of Orkla's Board of Directors since May 2011.
"As Deputy Chair, Åge Korsvold has held a key position on the Board of Directors
since May 2011, including in the process of formulating the Group's strategy.
Along with the rest of the Group's top management, he will assure the necessary
continuity in Orkla in the months to come," says Board Chair Stein Erik Hagen.
"My primary task will be to drive the transformation of Orkla into a pure
branded goods company. Orkla is the leading brand builder in the Nordic region.
We will build on the Group's strong market positions to create a stronger
Orkla," declares Åge Korsvold.
"I would like to thank Bjørn for his efforts as President and CEO in a very
demanding period, and for his work for the Group over many years," says Stein
Erik Hagen.
The process of finding a new President and CEO for Orkla has begun.
Orkla ASA
Oslo, 30 April 2012
Ref.:
SVP Corporate Communication and Public Affairs
Johan Chr. Hovland
Tel.: +47 917 63 491
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Orkla ASA via Thomson Reuters ONE
[HUG#1607174]
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 30.04.2012 - 02:05 Uhr
Sprache: Deutsch
News-ID 1108333
Anzahl Zeichen: 0
contact information:
Contact person:
Town:
Oslo
Phone:
Kategorie:
Business News
Anmerkungen:
Diese Pressemitteilung wurde bisher 187 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Åge Korsvold appointed as Acting President and CEO of Orkla
"
steht unter der journalistisch-redaktionellen Verantwortung von
Orkla ASA (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
