Tore Hansesætre new CEO of Norske Skog

27 Apr 2023 07:00 CEST

The board of directors of Norske Skog ASA has appointed Tore Hansesætre as the
new CEO. Hansesætre succeeds Sven Ombudstvedt, who will step back after more
than 12 years as CEO. Hansesætre will start in his new position on 1 June 2023.

Tore Hansesætre is currently Executive Vice President for Strategic Projects and
leads the work to establish Norske Skog as a leading independent producer of
recyclable packaging paper. Hansesætre has more than 13 years' experience in
Norske Skog, of which the last 5 years as part of the Group Management. He holds
a Master's Degree in Industrial Economics and Technology Management from the
Norwegian University of Science and Technology (NTNU).

"I am very pleased to announce Tore Hansesætre as the new CEO of Norske Skog.
Tore knows Norske Skog and the industry very well. He has broad experience and
can demonstrate impressive results, including establishing new revenue streams
for Norske Skog," says Geir Drangsland, chair of Norske Skog ASA.

"I am grateful and humbled by the trust that the board shows in me with this
appointment. Norske Skog is a fantastic company with about 2,100 competent
employees, with many opportunities ahead. I am very motivated to lead Norske
Skog further in realizing these the opportunities, while at the same time
keeping up the pressure on continuous improvements in existing operations," says
Tore Hansesætre.

Sven Ombudstvedt became CEO of Norske Skog in 2010.

"I would like to thank Sven Ombudstvedt for the solid job he has done as CEO of
Norske Skog for more than a decade. On Sven's watch, Norske Skog has
restructured its balance sheet, improved its competitiveness and ability to
change, which is also reflected in the company's financial results," says Geir
Drangsland.

"Norske Skog is now in a solid financial position and is entering a growing
European packaging paper market. I wish Tore and Norske Skog all the best in an
exciting phase for the company," says Sven Ombudstvedt.

The attached picture shows from left to right: Tore Hansesætre, Sven Ombudstvedt
and Geir Drangsland.

Norske Skog
Communications and Public Affairs

For further information:
Norske Skog media:
Vice President Communication and Public Affairs

Carsten Dybevig
Email: carsten.dybevig@norskeskog.com
Mob: +47 917 63 117

Norske Skog financial markets:

Investor Relation Manager
Even Lund
Email: even.lund@norskeskog.com
Mob: +47 906 12 919

More information:
Access the news on Oslo Bors NewsWeb site

588691_230427 Norske Skog press release new CEO ENG.pdf
588691_Picture CEO and chair of the board.pdf