Orkla ASA: Appoints New Chief Financial Officer

Oslo / NO. (ok) Jens Bjørn Staff (46) has been appointed Chief Financial Officer of Orkla ASA. Staff comes to Orkla from Statkraft, where he has been Executive Vice President and CFO with responsibility for finance, corporate audit and procurement since 2011. In the period 2005 to 2011, he held senior executive positions in various units of Statoil: CFO of Statoil Norge and Statoil Detaljhandel; Vice President Finance + Control, Energy + Retail Europe, Head of Finance + Control Europe + Asia, Development + Production International. Staff was formerly Financial Director of Posten Norge (2002 to 2005) and has held several senior management positions at PricewaterhouseCoopers (1998 to 2002). He has an MBA from the Norwegian School of Economics (NHH), a BA from BI Norwegian Business School and an intermediate course in economics from the University of Oslo. «We are very pleased that Jens Bjørn Staff has accepted the position of CFO», says Orkla President and CEO Åge Korsvold. Staff will be a member of Orkla´s Group Executive Board and will report to the President and CEO. He will take up his position on a date to be agreed upon. Staff will be taking over from Terje Andersen, who has headed the corporate finance area at Orkla for many years. Since 01 May 2013, Andersen has been Executive Vice Pesident and head of Orkla Investments in addition to being CFO. Orkla Investments manages Orkla´s financial and industrial interests outside the branded consumer goods business. Andersen will continue to serve as CFO until Staff takes up his duties.

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