Nordic food group Orkla has appointed a new chief financial officer in the shape of Harald Ullevoldsæter.

He will succeed Jens Bjørn Staff at the Oslo, Norway-based business on 1 March. Staff is to become CEO of Skagerak Energi.

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Ullevoldsæter, who also becomes executive vice president, returned to Orkla earlier this year after previously having worked there from 1996 to 2014 when he held a number of executive finance positions including finance director and a member of the management team of Orkla Brands and Orkla Brands Nordic.

Staff has been executive VP and CFO at Orkla since 2014.

Orkla president and CEO Jaan Ivar Semlitsch said: “I want to thank Jens Staff for his valuable contribution to Orkla in the years that he has served as CFO and member of the group executive board. He has played a key part in the development and professionalisation of the group’s finance and IT function. 

“I am glad that Harald Ullevoldsæter has agreed to succeed Staff as CFO. With his solid finance experience and excellent business acumen, I am certain that he will play an important role in Orkla’s value creation going forward.”

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Orkla is listed on the Oslo Stock Exchange. In 2018, the group, which employs 18,500 people, had a turnover of NOK41bn (US$4.46bn).

Semlitsch was named as the company’s new CEO in June. In October, he said his strategy involved getting behind some of the group’s existing brands as well as a continued focus on M&A.

Read just-food’s analysis – Orkla’s new CEO has foot on right pedal but still early days