Norske Skog pares back top team

Aug 19, 2012 at 06:58 pm by Staff

Newsprint maker Norske Skog will cut its corporate management team from seven to three members next month.

Chief executive Sven Ombudstvedt will be joined by chief financial officer Rune Gjessing and chief operating officer Trond Stangeby.

Noting the experience of the new members, Ombudstvedt says the challenges ahead will be to continue to adjust capacity to market needs, while adjusting to the company's size and activities.

"I want to thank all of the retiring members of the corporate management. They have for several years contributed with valuable work to improve the profitability of the group," he says.

Ombudstvedt says the company is moving from a corporate-driven organisation to a flatter one with independent business units. "The overall objectives of the changes have been to improve return on capital and cash-flow from the plants and reduce fixed costs," he says.

Gjessing (49) is presently senior vice president for operations outside Europe, and joined Norske Skog in 2002. Stangeby (62) is currently senior vice president organisational development.

Commercial senior vice president Jan-H. Clasen maintains his current role and will report to Stangeby.

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