Orkla ASA: New EVP and CFO at Orkla ASA

Harald Ullevoldsæter has been appointed new Executive Vice President and Chief Financial Officer at Orkla ASA, effective 1 March 2020. He will succeed Jens Bjørn Staff, who is to become CEO of Skagerak Energi.

Harald Ullevoldsæter (56) returned to Orkla earlier this year, after having served as Chief Financial Officer of Nortura SA since 2014. From 1996 to 2014, Ullevoldsæter worked at Orkla, where he held a number of executive finance positions, including that of Finance Director and member of the management team of Orkla Brands and Orkla Brands Nordic. Ullevoldsæter also worked as a financial analyst in DNB Markets for nine years. He has an MBA from BI Norwegian Business School.

Ullevoldsæter will succeed Jens Bjørn Staff (52), who has served as Executive VP and CFO at Orkla since 2014. Staff has decided to resign from his position to become Chief Executive Officer (CEO) of Skagerak Energi, which has a turnover of approximately NOK 3 billion and around 630 employees and is headquartered in Porsgrunn, Norway. He will take up the position by 1 June 2020.

“I want to thank Jens Staff for his valuable contribution to Orkla in the years that he has served as CFO and member of the Group Executive Board. He has played a key part in the development and professionalisation of the Group’s finance and IT function. I wish him every success with his exciting new job outside Orkla. I am glad that Harald Ullevoldsæter has agreed to succeed Staff as CFO. With his solid finance experience and excellent business acumen, I am certain that he will play an important role in Orkla’s value creation going forward,” says Orkla President and CEO Jaan Ivar Semlitsch.

About Orkla
Orkla is a leading supplier of branded consumer goods and concept solutions to the consumer, out-of-home and bakery markets in the Nordics, Baltics and selected markets in Central Europe and India. Orkla is listed on the Oslo Stock Exchange and its headquarters is in Oslo. In 2018, the Group had a turnover of NOK 41 billion, and approximately 18,500 employees as of 31 December 2018.

Orkla ASA
Oslo, 14 November 2019

Ref.:

Group Director Corporate Communications and Corporate Affairs
Håkon Mageli
Mobile: +47 928 45 828

SVP Investor Relations
Thomas Ljungqvist
Mobile: +47 482 59 618

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This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act