Norske Skogindustrier ASA's corporate management will be reduced from seven to three members with effect from September 1, 2012. The new team will consist of CEO Sven Ombudstvedt, Chief Financial Officer (CFO) Rune Gjessing and Chief Operating Officer (COO) Trond Stangeby. The structure of the new corporate management will be adapted to the operating model already have implemented.

The company is now taking the final step from a corporate-driven organization to a flatter organization with independent business units. The overall objectives of the changes have been to improve return on capital and cash-flow from the plants and reduce fixed costs. Rune Gjessing (49) is presently Senior Vice President for operations outside Europe.

Trond Stangeby (62) is presently engaged as Senior Vice President Organizational Development, and will now be engaged as Chief Operating Officer. Stangeby has a broad experience from various positions in Norwegian industry. Senior Vice President Commercial Jan-H. Clasen will maintain his current role and responsibilities, and will report to COO Trond Stangeby.