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Lars P. S. Sperre appointed as interim President and CEO of Norske Skog

The board of directors has unanimously appointed Lars P. S. Sperre as interim President and CEO of Norske Skogindustrier ASA with immediate effect.

Lars P. S. Sperre appointed as interim President and CEO of Norske Skog
Lars P. S. Sperre is the new interim President and CEO of Norske Skogindustrier ASA.

Sperre has been employed by Norske Skogindustrier ASA since 2006 and been member of the corporate management team since 2014. Prior to this appointment, Sperre acted as Senior Vice President Corporate Strategy & Legal.

Sven Ombudstvedt has notified the board of directors that he resigns as President and CEO of Norske Skogindustrier ASA. The board of directors has relieved Ombudstvedt from his duties, and the resignation will therefore take effect immediately.

“An unanimous board supports the appointment. Lars is the natural candidate to the role as interim President and CEO. He knows the industry well and has been highly involved in the group’s restructuring and financing processes during recent years, in addition to being instrumental in the development of the current strategy, says chairman of the board Henrik A. Christensen.”

“I am very motivated to accept this challenge. Norske Skog has many skilled employees with high competences and drive. I am certain that we together will solve the challenges and bring the potential of the group to fruition. Norske Skog’s operations and cash flow are good, the debt level is, however, too high and too much cash flow is consumed by interest payments instead of being reinvested in the group,” says Lars P. S. Sperre, interim President and CEO of Norske Skog.

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