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Management and Board of Directors

Please take a moment to learn more about the individuals leading our organization, both in management and on the Board of Directors.

Management

Nils K. Selte

Nils K. Selte

President and CEO

b. 1965 

Norwegian  

Mr Selte has been the President and CEO of Orkla since 11 April 2022. He came to Orkla from Canica AS, where he had been employed since 2001, serving first as CEO, as CFO from 2006 to 2014, and again as CEO until 2022. Prior to that, Mr Selte served as Group Treasurer at ICA Ahold AB (1999–2001) and CFO of Hakon Gruppen AS. From 1994 to 1996 he was Finance Director at Livi Norge AS and from 1991 to 1994 executive officer at the Office of the Auditor General of Norway. Until 2022, Mr Selte was a member of the Board of Directors of Orkla ASA, to which he was first elected in April 2014.

Education  

M.Sc. Business (siviløkonom), BI Norwegian Business School

Shareholding 

242,765

Share options 

507,994 

Arve Regland

Arve Regland

EVP and CFO

b. 1972 

Norwegian

Mr Regland has been a member of the Orkla Management Team since June 2024, coming from the investment company Melesio. From 2019 to 2023, he served as CFO of Fredensborg and its subsidiary Heimstaden. From 2014 to 2019, worked for Entra, first as CFO and then for four years as CEO. Mr Regland has also worked for ABG Sundal Collier and Arthur Andersen/Ernst & Young.

Education

MBA, Norwegian School of Economics (NHH); M.Sc. Business (siviløkonom), BI Norwegian Business School 

Shareholding 

100,000 

Maria Syse-Nybraaten

Maria Syse-Nybraaten

EVP and Investment Executive

b. 1986 

Norwegian  

Ms Syse-Nybraaten has been a member of the Orkla Management Team since 2022, first as CEO of Orkla Consumer & Financial Investments and subsequently as EVP for Investments at Orkla ASA. She came from the position of investment professional at Ferd Capital, where she had held various positions since 2013, including being responsible for health investments in the Nordics. She has broad experience of board work from a number of companies. She began her career as an analyst at SEB.

Education  

M.Sc. Business (siviløkonom), Norwegian School of Economics (NHH)

Shareholding  

7,370

Share options 

141,475 

Øyvind Torpp

Øyvind Torpp

EVP and Investment Executive

b. 1975 

Norwegian 

Mr Torpp has been a member of the Orkla Management Team since December 2022 and came from the position of Director at Canica. From 1999 to 2022, he worked for Boston Consulting Group (BCG), where he was a partner from 2008 and a senior partner from 2015. Mr Torpp headed up BCG Norge from 2014 to 2018, and served for many years as head of the Nordic and Norwegian consumer team. Mr Torpp has broad experience of supporting European consumer companies with emphasis on strategy development, transactions and major change processes.

Education  

M.Sc. (sivilingeniør), Norwegian University of Science and Technology (NTNU)

Shareholding  

100,000

Share options 

257,806 

Audun Stensvold

Audun Stensvold

EVP and Investment Executive

b. 1972 

Norwegian 

Mr Stensvold has been a member of the Orkla Management Team since November 2022. From 2018 to 2022, he was CEO of Vinestor AS. From 2006 to 2018, he held various positions at Aker ASA, where he worked with active ownership, transactions, stock market listings and accounting/finance, in addition to serving on the Boards of Directors of several listed and unlisted companies. For a period, he was also CFO and Investment Director at Converto, which managed a portfolio of companies wholly or partly owned by Aker. Mr Stensvold was previously also a member of the Strategy and Finance Group at Advokatfirmaet Selmer (2002–2006) and a financial analyst at Gjensidige NOR Equities (1998– 2002) 

Education 

M.Sc. Business (siviløkonom), Norwegian School of Economics (NHH)

Shareholding 

25,370 

Share options 

141,410 

Hege Holter Brekke

Hege Holter Brekke

EVP and Investment Executive

b. 1969 

Norwegian

 Ms Brekke has been a member of the Orkla Management Team as CEO of Orkla Care since January 2021. She came from the position of CEO of Orkla Health. From 2015 to 2018 Ms Brekke served as CEO of Pierre Robert Group, and before that as SVP of Marketing & Innovation at Orkla Foods. Ms Brekke began her career at Orkla in 1996 and held several senior management positions at Orkla ASA and Nidar until 2004. From 2004 to 2014, she held various senior executive positions outside Orkla. She was a member of the Management Team of Plantasjen ASA from 2004 to 2006 and was EVP for Markets at TINE and a member of TINE’s Corporate Management from 2007 to 2014. Ms Brekke began her career as a strategy adviser at McKinsey & Company. She also has extensive experience of service on internal and external boards.

Education  

M.Sc. Business (siviløkonom), BI Norwegian Business School

Shareholding  

15,435

Share options  

270,158 

Camilla Tellefsdal Robstad

Camilla Tellefsdal Robstad

EVP Legal and Compliance

b. 1974 

Norwegian

Ms Tellefsdal Robstad has been a member of the Orkla Management Team since December 2022. She joined Orkla as a lawyer in 2010, with responsibility for competition law. In 2018 she became Director of Legal Affairs, and from 2020 she was also given responsibility for Orkla’s compliance function. She has served as Board Secretary since 2019. From 2000 to 2010 Ms Robstad worked as a lawyer for Kvale advokatfirma.

Education 

Master of Laws (LL.M.) (cand.jur), University of Oslo

Shareholding 

11,557

Share options 

182,928

Board of Directors

The Board of Directors consists of seven members elected by the shareholders and three members elected by the employees.

Members elected by the shareholders

Stein Erik Hagen

Stein Erik Hagen

Chairman of the Board  

Elected to the board in 2004

Chair of the Board since 2006

Member of Compensation Committee  

Co-owner, together with his children, Canica AS and affiliated companies

b. 1956 

Norwegian

Mr Hagen has long experience in the retail, industrial and financial investment sectors and management.  

He established his first own business in 1976 as co-founder and grocer of RIMI Norge AS and Hakon Gruppen AS. From 1999 to 2004, Hagen was co-founder and grocer of ICA AB.

Mr. Hagen and his children jointly own several family companies, including Canica AS. Mr Hagen also sits on the boards of the family’s charitable foundations.

Mr Hagen chairs the Nomination Committee of Anora Group PLC, and is chairman and board member in various companies where the S.E. Hagen family holds direct or indirect ownership interests.

Education

Degree from the Merchant Institute/Norwegian College of Retailing

Shareholding

250,386,411 

 

Liselott Kilaas

Liselott Kilaas

Member of the Board  

Chair of the Compensation Committee  

Elected to the board in 2017 

b. 1959 

Norwegian  

Ms Kilaas has many years’ experience from the health and care and medtech sectors, broad international experience in top executive positions, strategy, change management, general management, B2B, B2C and ESG, and experience from listed, private and P/E-owned companies. 

Ms Kilaas was CEO of Aleris Group from 2013 to 2017, previously serving as Managing Director of Aleris Norway and later Aleris Norway and Denmark.  

She is currently CEO of Evidia Group, board and Audit Committee member of Folketrygdfondet and Peab AB, and a board member of Avonova AB and Recover Nordic. In addition, she chairs Implantica and is on the Supervisory Board of IMD. Since 2010, Ms Kilaas has been part of EQT’s industrial adviser network, being involved in several transactions and having roles in several of its portfolio companies

Education  

M.Sc. in Mathematical Statistics, University of Oslo; Master of Business Administration, IMD Lausanne 

Shareholding  

21,400 

Peter Agnefjäll

Peter Agnefjäll

Member of the Board  

Elected to the board in 2018 

b. 1971 

Swedish

Mr Agnefjäll has extensive international experience in retail, consumer goods, strategy, business development and general management.  

He was President and CEO of the IKEA Group (Ingka Holding B.V.) from 2013 to 2017, previously serving as Managing Director and Country Manager at IKEA Retail Sweden. He began his career as an IKEA trainee in 1995 and has since held multiple executive positions within the IKEA group. 

He is currently Chair of the Supervisory Board of Ahold Delhaize N.V. and a member of its Governance and Nomination Committee, and the Remuneration Committee. Mr Agnefjäll is also a member of the Council on Sustainable Transformation, a group of senior leaders from business, government, and academia focused on accelerating private sector sustainability efforts. 

Education 

M.Sc. in Business Administration, Linköping University 

Shareholding 

20,000 

Christina Fagerberg

Christina Fagerberg

Member of the Board  

Member of the Audit Commitee

Elected to the board in 2022

b. 1973 

Swedish

Ms Fagerberg has broad experience from investment/ private equity and transactions (M&A).

She has worked at Goldman Sachs and IK Investment Partners (formerly Industri Kapital). In 2007 she founded her own private equity fund, Fagerberg & Dellby.

Ms Fagerberg is on the board of the investment company Idun Industrier AB.

Education 

M.Sc. in Economics and Business, Stockholm School of Economics.

Shareholding 

20,000 

Rolv Erik Ryssdal

Rolv Erik Ryssdal

Member of the Board

Elected to the board in 2022

b. 1962 

Norwegian

Mr Ryssdal has extensive experience of general management, growth companies and international expansion.  

Until August 2022, he was CEO of Adevinta, prior to which he was CEO of Schibsted from 2009 to 2018. Mr Ryssdal began his career at Schibsted in 1991 and served as CEO of Aftonbladet (1999–2005) and VG (2005–2008) before taking up the role of CEO at Schibsted.  

Mr Ryssdal chairs the boards of Spir Group ASA, Simployer Group AS and Ness, Risan & Partners AS.

Education

Master of Business Administration, Insead; M.Sc. from BI Norwegian Business School

Shareholding

28,500 

Caroline Marie Hagen Kjos

Caroline Marie Hagen Kjos

Member of the Board  

First elected to the board in 2016

Co-owner, with her father and siblings, Canica Group of companies.

 b. 1984 

Norwegian  

Ms Hagen Kjos has broad experience and expertise in international relations and active ownership.  

She is an active owner and board member at Canica Holding AG in Switzerland, where she earlier held the position as Executive Chair of the Board. She has previously worked as a Project Manager in marketing and purchasing at JerniaGruppen.  

Education 

Bachelor of Business Administration, Parsons School of Design, New York 

Shareholding 

250,386,411

Bengt Rem

Bengt Rem

Member of the Board  

Chair of the Audit Committee (from 2 May 2024)  

Elected to the board in 2024 

b. 1961
Norwegian

Mr Rem has extensive financial expertise, including experience in capital markets and transactions. He has broad management experience from roles as CEO and CFO of different investment and holding companies in Norway.  

Mr Rem is CEO of Kistefos AS. From 2009 until 2015 he was Deputy CEO at Arctic Securities, and then CEO at Arctic Partners; from 1995 until 2009 he held a variety of CFO and CEO roles in the Aker system.  

Mr Rem began his career as a public accountant at Arthur Andersen & Co. Mr Rem chairs the boards of Advanzia Bank S.A, Western Bulk Chartering AS and Viking Supply Ships AB (which are all majority-owned by Kistefos AS). Mr Rem is a member of the board of Oslo Airport City AS. 

Education 

M.Sc Business Administration and Finance from BI Norwegian Business School, Master’s degree in Accounting and Auditing from the Norwegian School of Economics (NHH) 

Shareholding 

10,000 

Members elected by the employees

Terje Utstrand

Terje Utstrand

Member of the Board
Employee representative  

Member of the Compensation Committee  

Elected to the Board in 2012

b. 1964

Norwegian  

Mr Utstrand has worked for Orkla Snacks, Nidar, since 1993, and has served as chief employee representative since 2010. Mr Utstrand is Chair of the Board for LO Union Members at Orkla, Orkla’s Committee of Union Representatives and the European Works Council.  

Mr Utstrand has been a national NNN union representative at Orkla Snacks Norge AS since 1999. He has held various board positions within the group since 2004.  

Mr Utstrand has vocational training with trade certificates in the automative trade and as a technical operator in the food industry and has undertaken management studies at Oslo University College and technical school studies in HSE.

Shareholding

11,174 

 

Roger Vangen

Roger Vangen

Member of the Board
Employee representative  

Member of the Audit Committee  

Elected to the Board in 2016 

b. 1965 

Norwegian

Mr Vangen has been employed at Orkla Foods for 39 years. He has been a local union representative since around 1990. He is currently employed at Orkla Foods Norge and is NNN union representative by Orkla Foods Norge, Stranda branch.  

Mr Vangen is also a member of the Committee of Representatives at Orkla Foods Norge, the Liaison Committee’s Working Committee at Orkla Foods, the Board for LO Union Members at Orkla, Orkla’s Committee of Union Representatives, the Working Committee of the Committee of Representatives and the European Works Council.

Shareholding 

11,828 

Ingrid Sofie Nielsen

Ingrid Sofie Nielsen

Member of the Board
Employee representative  

Elected to the Board in 2024 

b. 1974 

Norwegian 

Ms Nielsen has worked for Orkla Foods since 1996. She is chief union representative for External Sales and Department Head for Negotia at Orkla Foods Norge. She chairs the Committee of Representatives for the salaried employees at Orkla.  

Ms Nielsen is also a member of Orkla Foods' Liaison Committee, Orkla’s Committee of Union Representatives and its working committee, and the European Works Council. Ms Nielsen is the employee representative on the Board of Orkla Foods Norge AS. 

Shareholding 

11,820