Orkla ASA (0FIN.IL)

73.90 +0.05 (+0.07%) At close: 06:27PM BST

Orkla ASA

Drammensveien 149
Oslo 0277
Norway
47 22 54 40 00
https://www.orkla.no

Sector(s): Consumer Defensive
Industry: Packaged Foods
Full-time employees: 20,471

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Nils Kloumann Selte	Pres & CEO	8.05M	N/A	1965
Mr. Harald Ullevoldsæter	Exec. VP of Fin. & CFO	4.76M	N/A	1963
Ms. Camilla Tellefsdal Robstad	Exec. VP of Legal & Compliance	2.92M	N/A	1974
Mr. Håkon Mageli	Exec. VP of Communication & Corp. Affairs	4.26M	N/A	1964
Mr. Christer Gronberg	Exec. VP of HR & Head of Corp. Functions	4.7M	N/A	1961
Mr. Atle Vidar Nagel-Johansen	Exec. VP of Orkla's Branded Consumer Goods Bus., Investment Exec. & Member of Group Exec. Board	6.94M	N/A	1963
Ms. Hege Holter Brekke	Exec. VP of Investments & CEO of Orkla Care	4.51M	N/A	1969
Ms. Maria Syse-Nybraaten	Exec. VP of Investments and CEO of Consumer & Financial Investments	1.09M	N/A	1986
Mr. Audun Stensvold	Exec. VP of Investments	515k	N/A	1972
Mr. Kenneth Haavet	Exec. Officer	N/A	N/A	1980

Amounts are as of 31 December 2022, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in NOK.

Description

Orkla ASA engages in branded consumer goods, and industrial and financial investment businesses. The company offers branded products, including frozen pizza, ketchup, soups, sauces, bread toppings, and ready-to-eat meals through grocery channels, as well as food service, convenience stores, and petrol stations. It also provides confectionery, biscuit, and snack products; and develops bran and crispbread products, as well as energy snack meals. In addition, the company offers personal care and cleaning products; dietary supplement, sport nutrition, and weight control products; wound care products and first aid equipment; painting tools; basic and wool garments for men, women, and children; and professional cleaning products. Further, it operates Gymgrossisten, Proteinfabrikken, Bodystore, and Fitnessmarket e-commerce portals for health and sports nutrition products; and restaurants. Additionally, the company supplies margarine and butter blends, bread and cake improvers and mixes, yeast, marzipan, and ice cream ingredients; produces and supplies hydro power to the Nordic power market; and develops and sells real estate properties. It offers its food products under the Grandiosa, TORO, Stabburet, Felix, Paulúns, NATURLI', Abba, Beauvais, Den Gamle Fabrik, Spilva, and Vitana brands; confectionery and snacks under the KiMs, Nidar, Stratos, Sætre, Göteborgs Kex, OLW, Panda, Laima, Selga, Taffel, Kalev, and Nói Síríus brands; health and sports nutrition under e Zalo, Jif, Bliw, Grumme, Blenda, Define, Möller's, Collett, Nutrilett, Maxim, Norgesplaster, and Salvequick brands; and food ingredients under the Odense, Mors Hjemmebakte, KronJäst, Bakkedal, and NATURLI brands. It has operations in Norway, Sweden, Denmark, Finland, Iceland, the Baltics, rest of Europe, and internationally. The company was founded in 1918 and is headquartered in Oslo, Norway.

Corporate governance

Orkla ASA’s ISS governance QualityScore as of 1 October 2023 is 6. The pillar scores are Audit: 7; Board: 3; Shareholder rights: 1; Compensation: 9.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.