NORWAY: Orkla Brands CEO Nordberg to step down
By Michelle Russell | 3 May 2012
Norwegian conglomerate Orkla today (3 May) announced its second senior executive departure this week, with the exit of Torkild Nordberg, CEO of Orkla Brands.
The firm said this morning that Orkla and Nordberg have "agreed" that he will step down as CEO of Orkla Brands.
Formal approval of the move is expected from the board of directors in the "coming days". No timetable for Nordberg's departure was provided.
"Torkild Nordberg has had a significant impact on the development of Orkla Brands, especially over the last ten years, as CEO of Orkla Brands Nordic from 2002, and as CEO of Orkla Brands from 2008. I would like to thank Torkild for his efforts for the group over many years", said acting president and CEO Åge Korsvold.
Korsvold was appointed interim chief executive earlier this week after CEO Bjørn Wiggen announced his resignation after 19 months in the role.
Orkla booked a 56% drop in first-quarter profits on Monday.
Sectors: Bakery, Canned food, Cereal, Chilled foods, Condiments, dressings & sauces, Confectionery
Companies: Orkla, Orkla Brands
View next/previous articles
Currently reading -
NORWAY: Orkla Brands CEO Nordberg to step down
3 May 2012 -
Related research
Orkla ASA (ORK) - Financial and Strategic SWOT Analysis Review
Orkla ASA (Orkla) is a Norway-based conglomerate, engaged in consumer goods, renewable energy and financial investment sectors. It also operates in aluminum solutions and environment-friendly metals and materials sectors. The company manufactures a v...
Savory Snacks - Scandinavia Industry Guide
Savory Snacks - Scandinavia Industry Guide is an essential resource for top-level data and analysis covering the Savory Snacks industry in each of the Scandinavian (Denmark, Norway and Sweden) countries. The report includes easily comparable data on ...
Confectionery in Norway industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2006-10, and forecast to 2015). The profile also contains descriptions of the leading p...
Related articles
NORWAY: Costs hit Rieber & Søn Q3 profit
Norwegian food group Rieber & Søn has booked a drop in third-quarter profits, hit by one-off costs.
Editor's choice: the highlights on just-food this week
Europe's food sector saw its latest piece of consolidation this week with Orkla's bid to buy Nordic rival Rieber & Son. Elsewhere, US food group Hain Celestial continued its UK expansion with its deal to acquire brands from Premier Foods. Tesco grabbed the headlines with its U-turn on nutrition labels and we had a run of retail results from grocers including Ahold, Delhaize and Russia's X5 Retail Group.
There are currently no comments on this article
Be the first to comment on this article