Orkla ASA: changes its corporate structure

Oslo / NO. (ok) Orkla ASA is reorganising its operations into five, instead of four, business areas, and strengthening its Group Executive Board. Since the autumn of 2011, Orkla has been engaged in the process of further developing the Group to become a branded consumer goods company. As part of this process, the main operations are now being restructured from four to five business areas:

  • Orkla Foods (Stabburet, Procordia, Abba Seafood, Beauvais foods, Orkla Foods Fenno-Baltic);
  • Orkla Confectionery + Snacks (Chips Group, Göteborgs/Sætre, Nidar, Panda, Kalev);
  • Orkla Home + Personal (Lilleborg; Lilleborg Profesjonell; Pierre Robert Group, Axellus Group);
  • Orkla International (MTR Foods, Orkla Brands Russia, Felix Austria);
  • Orkla Food Ingredients (Idun Group, KåKå Group, Odense Marcipan, Credin bageripartner, Credin Group, Dragsbæk Group, Orkla Foods Romania, Sonneveld Group).

«The purpose of this reorganisation is to simplify our corporate structure and facilitate management of the various companies. We want to group together units that have more similar strategic, operational and market-related opportunities», says Orkla President and CEO Åge Korsvold. Orkla´s corporate centre will provide support for the companies, ensure that expertise and experience are shared across company boundaries and promote cost-effective operations. The corporate centre will now have five areas of expertise: Finance – Legal Affairs – Human Resources – Business Development – Corporate Communications + Corporate Affairs.

«In future, we will be working differently in a number of areas. The functions, organisation and expertise of the corporate centre are to reflect Orkla as a branded consumer goods group, and will be further adapted to the needs of our companies. The information we are communicating today marks the start of this change process», comments Korsvold.

Strengthened Group Executive Board

All of the current members of the Group Executive Board will remain in their posts. Jan Ove Rivenes will be the new CEO of the Orkla Home + Personal business area. A new head is to be appointed for Orkla Confectionery + Snacks. Until the new CEO is in place, Rivenes will also head this business area. Ole Petter Wie has been appointed as new head of Business Development. Wie has broad experience from Ringnes, Nestlé, Coca-Cola, McKinsey, and other companies. He will be a member of Orkla´s Group Executive Board.

New Headquarters

Orkla has bought the properties at Drammensveien 149 and 151 in Skøyen with a view to building a new headquarters and grouping Orkla´s operations in the Oslo area at the same location. The move to the new premises is planned to take place in the course of 2016.

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