Kjell Erik Almskog (born 5 January 1941) is a Norwegian businessman. He is the former chief executive officer (CEO) of several companies, including the Norwegian division of the ABB Group and Kværner.
He was born in Oslo as a son of company manager Reidar Juel Almskog (1910–1982) and Aslaug Magnhild Carlsen. He finished his secondary education in 1959, and received his MBA from the University of Kansas in 1964. He attended the six-week Advanced Management Program at Harvard University from 1974 to 1975.[1]
Career
He was the brand manager for Procter & Gamble in London from 1967 to 1971, before becoming the marketing director at Simrad from 1971 to 1976. He became a director in Elektrisk Union in 1976 and then chief executive officer of its daughter companies National Industri in 1979, then National Elektro in 1981. In 1986 he became chief executive officer of Elektrisk Bureau, which soon merged with Elektro Union. In 1988 it also merged with ABB. Almskog remained the chief executive of ABB Norway until 1998, and in the autumn he was promoted to vice chief executive at ABB's main headquarters in Switzerland.[1][2] During his time at ABB, Almskog built up the company's oil and gas division from scratch.[3]
In 1999, Almskog became chief executive officer of Kværner, after Erik Tønseth.[4] Kværner paid a significant sign-on fee.[5] However, Almskog came into conflict with one of the company's main shareholders, Kjell Inge Røkke,[3] as Røkke wanted to remove Almskog from the board of directors,[6] and Almskog left the company in 2001[2] when Røkke took over the ownership in Kværner.
Both Almskog's time as Kværner CEO, as well as the circumstances regarding his departure were amidst controversy. Shortly after taking his position at Kværner, Almskog announced that all the company's shipyards would be put up for sale. Former Kværner director Diderik Schnitler blamed Aker Kværner's troubles with the Philadelphia shipyard on this decision.[7] Martin Saarikangas, leader of Kværner Masa Yards, and the shipyard division, labelled Almskog a "wandering catastrophe".[8] When Almskog left Kværner, the company was in economic crisis, but despite this Almskog received a golden parachute worth 78 million kr.[9] Almskog had also received a NOK 600,000 wage increase shortly before leaving.[6]
^ abHalvorsen, Tore. "Kjell E Almskog". In Helle, Knut (ed.). Norsk biografisk leksikon (in Norwegian). Oslo: Kunnskapsforlaget. Retrieved 18 July 2011.
^ ab"Kjell Erik Almskog". Store norske leksikon (in Norwegian). Oslo: Kunnskapsforlaget. Retrieved 18 July 2011.
^ ab"Kvaerner down despite profit rise". BBC. 24 April 2001. Retrieved 27 November 2008.
^Johansen, Terje (14 October 1998). "Kjell Almskog blir ny Kværner-sjef". Dagbladet (in Norwegian). Retrieved 27 November 2008.
^Gjerdåker, Svein (25 March 2006). "Fallskjerm-kanon". Dag og Tid (in Norwegian). Retrieved 27 November 2008.
^ ab"Almskog fikk 600.000 i lønnshopp". VG (in Norwegian). 16 October 2002. Retrieved 27 November 2008.
^"Skylder på Kjell Almskog". Dagens Næringsliv (in Norwegian). 27 August 2003. Retrieved 27 November 2008.
^"Kjell Almskog får huden full". Dagens Næringsliv (in Norwegian). 2 December 2002. Retrieved 27 November 2008.
^Henriksen, Øyvind (13 June 2006). "Fallskjermklubben". NA24 (in Norwegian). Retrieved 18 July 2011.
^Kjell E. Almskog 2007-11-07 at the Wayback Machine profile at orkla.no
kjell, almskog, kjell, erik, almskog, born, january, 1941, norwegian, businessman, former, chief, executive, officer, several, companies, including, norwegian, division, group, kværner, almskog, 1974born5, january, 1941, oslo, personal, life, education, edithe. Kjell Erik Almskog born 5 January 1941 is a Norwegian businessman He is the former chief executive officer CEO of several companies including the Norwegian division of the ABB Group and Kvaerner Kjell AlmskogAlmskog in 1974Born5 January 1941 age 82 Oslo Personal life and education EditHe was born in Oslo as a son of company manager Reidar Juel Almskog 1910 1982 and Aslaug Magnhild Carlsen He finished his secondary education in 1959 and received his MBA from the University of Kansas in 1964 He attended the six week Advanced Management Program at Harvard University from 1974 to 1975 1 Career EditHe was the brand manager for Procter amp Gamble in London from 1967 to 1971 before becoming the marketing director at Simrad from 1971 to 1976 He became a director in Elektrisk Union in 1976 and then chief executive officer of its daughter companies National Industri in 1979 then National Elektro in 1981 In 1986 he became chief executive officer of Elektrisk Bureau which soon merged with Elektro Union In 1988 it also merged with ABB Almskog remained the chief executive of ABB Norway until 1998 and in the autumn he was promoted to vice chief executive at ABB s main headquarters in Switzerland 1 2 During his time at ABB Almskog built up the company s oil and gas division from scratch 3 In 1999 Almskog became chief executive officer of Kvaerner after Erik Tonseth 4 Kvaerner paid a significant sign on fee 5 However Almskog came into conflict with one of the company s main shareholders Kjell Inge Rokke 3 as Rokke wanted to remove Almskog from the board of directors 6 and Almskog left the company in 2001 2 when Rokke took over the ownership in Kvaerner Both Almskog s time as Kvaerner CEO as well as the circumstances regarding his departure were amidst controversy Shortly after taking his position at Kvaerner Almskog announced that all the company s shipyards would be put up for sale Former Kvaerner director Diderik Schnitler blamed Aker Kvaerner s troubles with the Philadelphia shipyard on this decision 7 Martin Saarikangas leader of Kvaerner Masa Yards and the shipyard division labelled Almskog a wandering catastrophe 8 When Almskog left Kvaerner the company was in economic crisis but despite this Almskog received a golden parachute worth 78 million kr 9 Almskog had also received a NOK 600 000 wage increase shortly before leaving 6 He has since served on the board of the Orkla Group 10 and is now the chairman of the board at Intex Resources 11 References Edit a b Halvorsen Tore Kjell E Almskog In Helle Knut ed Norsk biografisk leksikon in Norwegian Oslo Kunnskapsforlaget Retrieved 18 July 2011 a b Kjell Erik Almskog Store norske leksikon in Norwegian Oslo Kunnskapsforlaget Retrieved 18 July 2011 a b Kvaerner down despite profit rise BBC 24 April 2001 Retrieved 27 November 2008 Johansen Terje 14 October 1998 Kjell Almskog blir ny Kvaerner sjef Dagbladet in Norwegian Retrieved 27 November 2008 Gjerdaker Svein 25 March 2006 Fallskjerm kanon Dag og Tid in Norwegian Retrieved 27 November 2008 a b Almskog fikk 600 000 i lonnshopp VG in Norwegian 16 October 2002 Retrieved 27 November 2008 Skylder pa Kjell Almskog Dagens Naeringsliv in Norwegian 27 August 2003 Retrieved 27 November 2008 Kjell Almskog far huden full Dagens Naeringsliv in Norwegian 2 December 2002 Retrieved 27 November 2008 Henriksen Oyvind 13 June 2006 Fallskjermklubben NA24 in Norwegian Retrieved 18 July 2011 Kjell E Almskog Archived 2007 11 07 at the Wayback Machine profile at orkla no About Us Intex Resources Retrieved from https en wikipedia org w index php title Kjell Almskog amp oldid 1029579455, wikipedia, wiki, book, books, library,
