Norwegian food group Rieber & Søn has named supply chain director Frank Mohn as its new CEO.
Mohn replaces Patrik Andersson, who announced his decision to leave the role in November. He will take up the role with immediate effect
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Rieber & Søn announced the resignation of Andersson last year, citing “family pressures” as his reason for stepping down. He joined the firm in August 2008.
Mohn will be introduced as CEO at today’s (2 February) presentation of Rieber & Søn’s accounts.
“The board is pleased to have found a good candidate with a thorough knowledge of the organisation, as well as an understanding of the group’s potential and the challenges to be met,” the company said.
The Rieber family, which owns around 88% of the group, also welcomed the appointment of Mohn, adding that they will enter into “immediate dialogue” with the board to finalise a review of the group’s strategic options.
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By GlobalData“This review will also conclude on appropriate long-term ownership structure, including whether the group should be privately held or publicly listed on the Oslo Stock Exchange,” the family said. It added that “several potential partners” have approached them with an interest in becoming a partner in the company.
“We have great faith in the company and the market opportunities ahead,” the family said. “Together with the new owners, that may also bring new competence, we want to develop the business further. The family will also in the future be an owner of the company. In this regard, we have engaged ABG Sundal Collier ASA as our advisor.”
