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.

2019-11-14

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.

Contacts

Håkon Mageli
Håkon Mageli

Group Director, Corporate Communications & Corporate Affairs

+ 47 928 45 828

hakon.mageli@orkla.no

Thomas Ljungqvist

SVP Investor Relations, Orkla ASA

+47 48 25 96 18

Thomas.Ljungqvist@orkla.no