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Orkla ASA ( (GB:0FIN) ) has provided an announcement.
Orkla ASA has announced the death of Board Chair Stein Erik Hagen at the age of 69, marking the loss of a key figure who had served on the board since 2004 and led it as chair since 2006. Hagen, a major shareholder through family-owned Canica with a 25% stake in Orkla, was widely regarded as an influential force in the company and the Norwegian business community, having built a long career in retail, industry, investment, and management.
His sudden passing removes a central strategic voice from Orkla’s governance at a time when long-term ownership and stability have been closely tied to the Hagen family’s involvement. To ensure continuity, the board has appointed Liselott Kilaas as acting chair, a move aimed at stabilizing leadership and reassuring investors and other stakeholders while the company navigates the transition in its boardroom power structure.
The most recent analyst rating on (GB:0FIN) stock is a Hold with a NOK130.00 price target. To see the full list of analyst forecasts on Orkla ASA stock, see the GB:0FIN Stock Forecast page.
More about Orkla ASA
Orkla ASA is a Norwegian industrial investment company with substantial interests in branded consumer goods, food, and related sectors, and holds a prominent position in the Norwegian and broader Nordic business community. Through its ownership structure, including major shareholder Canica controlled by the Hagen family, Orkla plays a central role in regional consumer and retail markets.
YTD Price Performance: 6.88%
Average Trading Volume: 1,519,832
Current Market Cap: NOK113.8B
See more data about 0FIN stock on TipRanks’ Stock Analysis page.