New Managing Director at Orkla Foods

Effective from 1 October 1999, Bent Fuglesang (61) will retire from his position as managing director of Orkla Foods at his own desire.

Since he was appointed managing director of Stabburet A/S in 1986, Bent Fuglesang has conducted Orkla's food business for thirteen prospering and profitable years, now wishing to reduce his amount of work. The next two years, he will have overall Orkla responsibility for stategic sales issues including relations with the Nordic grocery trade. Besides, he will become board member of several Orkla companies and report to managing director of Orkla's Branded Consumer Goods business Finn Jebsen.

To be the new managing director of Orkla Foods is appointed MD Håkon Chr. Andersen (54). He will enter upon his new position on 1 September 1999 and take over formal responsibility from 1 October 1999. Håkon Chr. Andersen has been working with Orkla for 30 years in all, the recent five years as managing director of Nidar A.S. He has a Bachelor of Commerce degree (NHH, 1969) and has previously been holding the following positions at Denofa-Lilleborg: divisional director for the Personal Care/Cosmetics Division, manager of the Industrial Detergents business and various positions within sales and marketing. From 1985 to 1989 he was marketing director and board member of Unilever New Zealand Ltd.

From the same date, Dag J. Opedal (40) is appointed deputy managing director of Orkla Foods. He has been working with Orkla for the past ten years holding positions as assisting director for business development at Nora Industrier A.S and finance director at Nora A.S. Moreover, he became Stabburet A/S' divisional director in 1994 and later on managing director, a position he will continue to have. He has a Bachelor of Commerce degree (NHH, 1983) and an Insead MBA degree (1987).

Orkla Foods consists of Stabburet, Procordia Food, Beauvais, Felix Abba, Orkla Foods International, Abba Seafood and Industry. Operating revenue in 1998 was NOK 9,5 billion and the company had 5700 man-years.