New EVP Finance and CFO at Orkla ASA
Arve Regland has been appointed new EVP Finance and CFO at Orkla ASA and will take up the position on 1 June 2024.
Arve Regland comes from the investment company Melesio. From 2019 to 2023, he served as CFO at Fredensborg and its subsidiary Heimstaden. From 2014 to 2019, he was employed at Entra, first as CFO and for the last four years as CEO. Mr Regland has also worked at ABG Sundal Collier and Arthur Andersen/Ernst & Young. He has an M.Sc. Business (siviløkonom) from BI Norwegian Business School and an MBA (Master of Professional Accountancy) from the Norwegian School of Economics (NHH).
Mr Regland is succeeding Harald Ullevoldsæter, who of his own volition will gradually scale back his activities prior to retiring in May next year. Mr Ullevoldsæter has been EVP Finance and CFO at Orkla ASA since 2020, prior to which he held the position of CFO at Nortura SA. He also held a number of management positions in finance at Orkla, from 1996 to 2014. Until he leaves Orkla, Mr Ullevoldsæter will continue to serve as Chair of the Board of Directors of Orkla’s Business Service companies: Orkla Procurement, Orkla IT and Orkla Financial Services. He will also be responsible for selected projects and assignments at Orkla ASA and will report to Orkla’s President and CEO Nils K. Selte.
“I would like to extend my warm thanks to Harald for his valuable contribution to Orkla over many years. In the past four years, he has carried out a vitally important job as CFO and played a key role in Orkla’s transition to an industrial investment company. I am glad that we will be able to continue to benefit from his experience and expertise for some time to come. At the same time, I am delighted that Arve is joining our team at Orkla ASA. Arve has a solid foundation of expertise and experience from finance, investment companies and listed companies. I am confident that he will do an excellent job in the role of CFO,” says President and CEO Nils K. Selte.
Mr Regland will be a member of Orkla ASA’s management team and Investment Committee, and will report to the President and CEO.
Orkla is a leading industrial investment company with focus on brands and consumer-oriented companies. Its investment portfolio currently consists of 12 companies operating in sectors including paint, food products, food ingredients, confectionery and snacks, dietary supplements, cleaning products and personal care sectors. As at 31 December 2023, Orkla had 19,671 employees and 114 factories in 24 countries.
Orkla ASA
Oslo, 16 February 2024
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act