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Norwegian makes several changes to its Group Management

Press Release   •   Jan 03, 2018 08:00 EST

Norwegian's new CFO, Geir Karlsen

OSLO (JANUARY 3, 2018) - Norwegian has named Geir Karlsen as its new Chief Financial Officer (CFO). Norwegian’s acting Chief Financial Officer, Tore Østby, continues in the Group Management in a new position as Executive Vice President Strategic Development. Kurt Simonsen joins the company as Chief Information Officer (CIT).

Geir Karlsen has the last 12 years held various CFO positions with international companies such as Golden Ocean Group and Songa Offshore. He now comes from the position of Group CFO at London-based Navig8 Group, the world’s largest independent pool and management company. Geir Karlsen has a degree in Business Administration from BI Norwegian Business School.

"I look forward to becoming a part of the top management at one of Norway's most international growth companies and to take part in its ambitions growth plans. Norwegian has become an internationally renowned airline with an existing fleet of more than 140 aircraft and a pending order of more than an additional 200. Aviation is characterized by strong competition, and I hope and believe that my background and experience will contribute to further developing the company,” said Geir Karlsen.

"I'm very pleased that Geir Karlsen will be a part of our team. A major part of his professional experience clearly resembles the airline industry, where lease agreements and financing of major transactions are key to succeed. At the same time, he has extensive management experience from major international companies that is very important to enable Norwegian’s global growth,” said Norwegian’s CEO Bjørn Kjos.

Tore Østbyremains in the Group Management
Tore Østby, who has acted as CFO since July 2017, continues in the Group Management in a new position as Executive Vice President Strategic Development. Østby has 15 years of experience from the financial sector as senior analyst and analyst manager. In addition, he has seven years of experience from the Orkla Group. Østby has a degree from BI Norwegian Business School.

"I look forward to continuing at Norwegian. We have had a fantastic development and amazing future opportunities. Today we have a unique loyalty program, one of the world's most modern fleets and many interesting business opportunities," said Tore Østby.

"During his three years at Norwegian, Tore Østby has made considerable contributions to the company’s growth and success, both as VP of Investor Relations and acting CFO. A strong management team and a clear strategic direction are important, and I am very pleased that Tore will continue to be a part of the Group Management at Norwegian," said Bjørn Kjos.

Kurt Simonsen Chief Information Officer (CIO)
The third change in Norwegian’s Group Management is on the IT side through the appointment of Kurt Simonsen as new CIO. Simonsen has long and broad experiences from major change and digitization processes, and has during the past 17 years been a partner and co-owner of the consulting company Infocom Group AS. He also has experience from Hewlett-Packard and Telenor.

“IT is an important and integral part of Norwegian’s business and strategy, and we shall continuously develop the best solutions for our customers while simultaneously making our operations more efficient and reducing our cost. I am very pleased that Kurt Simonsen will be a part of Norwegian’s management team,” said Bjørn Kjos.

“The role as CIO at Norwegian is in my opinion the most exciting job opportunity in Norway today. Norwegian is a company where IT is key to the operation and with its ambitious growth plans in an increasingly digitalized world, I look forward to bringing my experience to the table and contribute to making the company realize its business strategy,” said Kurt Simonsen.

Kurt Simonsen commences January 2 and Geir Karlsen commences April 3 at the latest. Tore Østby will remain acting CFO until Karlsen is on board.

Media Contact:
VP Communications, Lasse Sandaker-Nielsen, cell +47 45 45 60 12 

About Norwegian

Norwegian is the world’s sixth largest low-cost airline and carried 30 million passengers in 2016. The airline operates 450 routes to 150 destinations in Europe, North Africa, Middle East, Thailand, Caribbean and the U.S. Norwegian has a fleet of 120 aircraft, with an average age of 3.6 years, making it one of the world’s youngest fleets. Norwegian was named the Most Fuel-Efficient Airline on Transatlantic Routes by the International Council on Clean Transportation (ICCT). Norwegian was named the World’s Best Low-Cost Long-Haul Airline by the renowned SkyTrax World Airline Awards in 2015 and 2016, and for the fourth consecutive year, named Europe’s Best Low-Cost Airline. Norwegian employs 6,000 people. The airline offers 40 nonstop routes from the U.S. to London, Paris, Scandinavia and the Caribbean. Follow @Fly_Norwegian on Twitter, join the discussion on Facebook and keep up with our adventures on Instagram. For more information on Norwegian and its network, visit norwegian.com.

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