Norwegian Billionaire and Orkla Chair Stein Erik Hagen Dies at 69
Stein Erik Hagen's Legacy and Impact
Announcement of Passing
OSLO, May 4 (Reuters) - Norwegian billionaire Stein Erik Hagen has died, aged 69, his company Orkla ASA said in a statement on Monday.
Business Holdings and Leadership
Family Group Canica's Stake in Orkla
Hagen's family group Canica and related companies jointly own a 25% stake in conglomerate Orkla, where he served as chair since 2006.
Statement from Orkla CEO
"His passing was sudden and unexpected," Orkla CEO Nils Selte said in the statement.
Board Changes Following Hagen's Death
Appointment of Acting Chair
The board has appointed Liselott Kilaas as acting chair, Orkla said.
Reporting and Editing
(Reporting by Terje Solsvik, editing by Anna Ringstrom)
