Orkla’s CEO to Step Down in May

step down

Orkla’s Peter A. Ruzicka has recently informed the company’s board of directors of his plans to step down as President and CEO. The change will come into effect on May 7, 2019 once Orkla will have presented its results for the first quarter of 2019.

Ruzicka was appointed in the position of President and CEO in 2014. Previously he served on Orkla’s board of directors from 2008 to 2014 and 2003 to 2005.

“After five years as President and CEO of Orkla, I have concluded that the time has come to hand over the baton. These have been five eventful years in which Orkla has achieved good progress in many areas. The Group is well positioned for the future,” said Ruzicka, who will represent Orkla on the board of directors of Jotun A/S after his resignation.

The processing of finding Ruzicka’s successor will begin immediately, noted Orkla. In the meantime, Terje Anderson was appointed as acting president and CEO starting May 7. He came on board at Orkla in 1989 and has held the position of CEO of Orkla Investments since 2014. The processing of finding Ruzicka’s successor will begin immediately, noted Orkla.

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