Norwegian’s CFO resigns

Eleanor Steed
By Eleanor Steed July 6, 2017 09:55

Norwegian’s CFO resigns

CFO of Norwegian, Frode Foss, has decided to leave the company. Foss has been the CFO of Norwegian since the company was established in 2002. Vice President Investor Relations, Tore Østby, will take on the position for an interim period. Tore Østby joined Norwegian as Vice President IR in 2014.

“I am very grateful for the work Frode Foss has done for Norwegian throughout all these years. He has done a great job for Norwegian since the company was established, and it is understandable that he, after 15 years as CFO, wants to concentrate on other tasks,” says Norwegian’s CEO Bjørn Kjos.

“It’s been a fantastic journey and I’m pleased that Bjørn Kjos let me take part in building the company to what it is today. Now it’s time for me to explore new ventures. I wish Norwegian all the best for the future,” says Frode Foss.

Tore Østby (52), who has been appointed interim CFO, has worked 15 years in the financial sector in various investment banks, and has been Nordea’s head of equity research. He has also held positions in several units in the Orkla Group, i.e. corporate development/M&A and as Finance Manager. Tore Østby began working for Norwegian during the autumn of 2014. He holds an economic degree from BI Norwegian Business School and is authorized financial analyst (AFA) from the Norwegian School of Economics and Business Administration (NHH).

Eleanor Steed
By Eleanor Steed July 6, 2017 09:55