Orkla ASA CEP and President Korsvold to step down,
- Has been informed that ge Korsvold (68) wishes to step down from his post as President and CEO.
- ge Korsvold was appointed Acting President and CEO on 30 April 2012, and his contract was extended by the Board of Directors in August of the same year. Since May 2012, under Mr Korsvold's leadership, Orkla has carried out significant structural changes in accordance with the strategy adopted by the Board in the autumn of 2011. The company is in the process of becoming a pure-play branded consumer goods company.
- The Board of Directors has begun the process of recruiting Mr Korsvold's successor. Both internal and external candidates will be considered. The Board will make an announcement as soon as this process has been concluded. In agreement with the Board, ge Korsvold will remain in his position until a new President and CEO has been appointed.
- Source TradeTheNews.com