Orkla ASA (ORKLY)

6.66 -0.04 (-0.60%) At close: 03:59PM EDT

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: 19,670

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Nils Kloumann Selte	President & CEO	2M	N/A	1965
Mr. Harald Ullevoldsæter	Executive VP of Finance & CFO	609.37k	N/A	1963
Ms. Camilla Tellefsdal Robstad	Executive Vice President of Legal & Compliance	489.96k	N/A	1974
Mr. Håkon Mageli	Executive Vice President of Communication & Corporate Affairs	513.88k	N/A	1964
Mr. Christer Gronberg	Executive VP of Human Resources & Head of Corporate Functions	608.64k	N/A	1961
Mr. Atle Vidar Nagel-Johansen	Exec. VP of Orkla's Branded Consumer Goods Business, Investment Exec. & Member of Group Exec. Board	1.13M	N/A	1963
Ms. Hege Holter Brekke	Executive VP of Investments	642.73k	N/A	1969
Ms. Maria Syse-Nybraaten	Executive VP of Investments	553.38k	N/A	1986
Mr. Audun Stensvold	Executive Vice President of Investments	517.91k	N/A	1972
Mr. Oyvind Torpp	Executive Vice President of Investments	968.73k	N/A	1975

Amounts are as of 31 December 2023, 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 USD.

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 spices, masalas, and various food products based on dried mixes. In addition, the company offers personal care, hygiene, laundry detergent, and cleaning products; dietary supplement, oral care, sport nutrition, and weight control products; wound care products and first aid equipment; painting tools and accessories; basic and wool garments; and professional cleaning products. It operates Gymgrossisten, Proteinfabrikken, Bodystore, and Fitnesstukku 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, Fun Light, Abba, Beauvais, Kalles, Den Gamle Fabrik, Hamé, and Vitana brands; confectionery and snacks under the KiMs, Nidar, Stratos, Sætre, Göteborgs Kex, OLW, Panda, Laima, Selga, Taffel, Kalev, and Nói Síríus brands; home and personal care products under Zalo, OMO, Blenda, Jif, Define, Solidox, Dr Greve, Lano, and Bliw; health produtcs under Möller's, Jordan, Vitalab, OSL, Cederroth First Aid, Salvequick, Livol, Nutrilett, Maxim, Collett, Solidox and CuraMed 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 April 2024 is 6. The pillar scores are Audit: 7; Board: 4; Shareholder rights: 1; Compensation: 8.

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.