Terje Andersen to be responsible for Orkla's investments outside the branded consumer goods business
(Thomson Reuters ONE) -
Terje Andersen (55) is to become CEO and head of Orkla Investments, which is
being established as a separate area of responsibility in Orkla ASA.
The purpose of Orkla Investments is to ensure optimal management of Orkla's
ownership interests outside its branded consumer goods business. Orkla is
undergoing a transitional phase towards becoming a pure play, Nordic-based
branded consumer goods company. However, the Group has substantial financial and
industrial assets outside its branded goods business. These assets require
active follow-up in order to safeguard Orkla's ownership interests, promote
underlying value growth and optimise value realisation in line with the Group's
strategy.
"This is an important organisational change which will ensure that we have
sufficient expertise and capacity to follow up on our investments outside the
branded consumer goods business. We are glad that Terje, with his many years of
solid experience in Orkla, has accepted the offer to head Orkla Investments,"
says Orkla President and CEO Åge Korsvold.
Terje Andersen is currently Chief Financial Officer (CFO) at Orkla. He will take
up his position as CEO and head of Orkla Investments as of 1 May 2013. In this
position he will report to Orkla's President and CEO.
In addition to his extensive experience as CFO, Terje Andersen has relevant
Board experience from Elkem, Sapa and Borregaard and other companies. He has
played a key role in Borregaard's stock exchange listing and in negotiating the
agreement with Hydro on the establishment of a Sapa joint venture. Terje
Andersen will be one of Orkla's representatives on the Board of Directors of
Sapa J/V. Furthermore, he has also been elected as one of Orkla's
representatives on Jotun's Board of Directors.
Work has begun on the process of finding a new CFO for Orkla, and both internal
and external candidates will be considered. Until the new CFO is in place, Terje
Andersen will assume the role of CFO at Orkla in addition to heading Orkla
Investments.
Orkla ASA
Oslo, 26 April 2013
Ref.:
Executive VP Corporate Communications and Corporate Affairs
Håkon Mageli
Mobile +47 928 45 828
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#1696844]
Unternehmensinformation / Kurzprofil:
Datum: 26.04.2013 - 14:00 Uhr
Sprache: Deutsch
News-ID 253403
Anzahl Zeichen: 2991
contact information:
Town:
Oslo
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 146 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Terje Andersen to be responsible for Orkla's investments outside the branded consumer goods business"
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).
