Nobia CFO steps down

01 Apr, 16

Mikael Norman has resigned to begin a board career

Chief Financial Officer (CFO) of the Swedish kitchen corporation Nobia, Mikael Norman has resigned to start a board career and to take on assignments in addition to his current role.

He will continue to serve as CFO until the end of October, until the interim report for the third quarter of 2016, and will be available for flexible work during the remaining months of the year.

During his time with the company, Mikael has witnessed the recent divestment of Hygena, acqusition of Rixonway as well as the purchase of Commodore Kitchens and CIE.

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CEO of Nobia Morten Falkenberg commented on Norman’s departure: “As my closest colleague, Mikael has played a crucial role in the journey we have made with Nobia since we both joined the company in 2010. I owe him a huge debt of gratitude for his work over these years. From a situation in which the company did not earn any money, we are now approaching the long-established target of an operating margin of 10%, and I maintain that we will reach this target during the current year.”

Speaking on his decision to leave the company, Mikael Norman said: “It is with mixed feeling that I have decided to resign from Nobia. However, I have been intending to start the next phase of a board career for some time, and this opportunity has opened up here and now.”

He continued: “I am absolutely convinced that Nobia is on the right track and that the company will continue the positive trend that we have seen in recent years. I have also promised to be available to ensure that the handover to my successor will be as smooth as possible.”