Orkla ASA announced that Arve Regland has been appointed new 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.

Mr. Regland will be a member of Orkla ASA's management team and Investment Committee, and will report to the President and CEO.