08 Jan 2014

Rune Sollie new CFO in Norske Skog

Rune Sollie (47) has been appointed as Chief Financial Officer (CFO) in Norske Skogindustrier ASA. Sollie has broad experience from various financial positions within Norwegian industry.

Rune Sollie has most recently held the position of chief group accountant in Statoil Fuel & Retail AS. He has broad experience from various audit and accounting work in UNIConsult AS, Yara International ASA, KPMG, the Directorate of Public Roads and the Central Bank of Norway. He also has experience from the banking and finance sector, and is a board member of KBN Kommunalbanken Norway.

- I am very pleased to have with me an experienced and qualified professional such as Rune Sollie in the further development of the company. The challenges ahead will be to continue to improve profitability across the group and to adapt our organisation to the company's size and activities. Rune Sollie's expertise and management experience will be very beneficial when facing these challenges, says President and CEO Sven Ombudstvedt.

- I look forward to working in a global organization with many exciting processes and skilled people. Despite challenging markets, considerable effort will be made to improve the profitability of our products, says Rune Sollie, newly appointed CFO of Norske Skog.

Rune Sollie will assume the position from 20 January 2014.

Norske Skog
Communications and Public Affairs

For further information:
Vice President Corporate Communication
Carsten Dybevig
Mob: (+47) 917 63 117
Financial markets:
Vice President Investor Relations
Tom Rogn
Mob: (+47) 948 55 659

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.