Press release - 6 July 2017 08:30

Changes in Norwegian’s top management

CFO of Norwegian, Frode Foss has decided to leave the company. Vice President Investor Relations, Tore Østby, will take on the position for an interim period. Tore Østby joined Norwegian as Vice President IR in 2014.

Foss has been the CFO of Norwegian since the company was established in 2002.

"I am very grateful for the work Frode Foss has done for Norwegian throughout all these years. He has done a great job for Norwegian since the company was established, and it is understandable that he, after 15 years as CFO, wants to concentrate on other tasks,” says Norwegian’s CEO Bjørn Kjos.

"It’s been a fantastic journey and I’m pleased that Bjørn Kjos let me take part in building the company to what it is today. Now it’s time for me to explore new ventures. I wish Norwegian all the best for the future,” says Frode Foss.

Tore Østby (52), who has been appointed interim CFO, has worked 15 years in the financial sector in various investment banks, and has been Nordea's head of equity research. He has also held positions in several units in the Orkla Group, i.e. corporate development/M&A and as Finance Manager. Tore Østby began working for Norwegian during the autumn of 2014. He holds an economic degree from BI Norwegian Business School and is authorized financial analyst (AFA) from the Norwegian School of Economics and Business Administration (NHH).

Topics

Norwegian in the UK:

Norwegian carries 5.2 million UK passengers each year from London Gatwick, Edinburgh, Birmingham and Manchester Airports to 50 destinations worldwide
Norwegian is the third largest airline at London Gatwick, with 4.6 million yearly passengers, and with more than 800 UK-based pilots and cabin crew
In 2014, Norwegian introduced the UK’s first low-cost, long haul flights to the U.S. - the airline now flies to 7 U.S destinations with fares from just £139 one way
Norwegian is the only airline to offer free inflight WiFi on UK flights to more than 30 European destinations
The airline has one of the youngest aircraft fleets in the world with an average age of 3.6 years, including next-generation Boeing 787 Dreamliners and Boeing 737-800s
Norwegian has been voted ‘Europe’s best low-cost carrier’ by passengers for four consecutive years at SkyTrax World Airline Awards from 2013-2016, along with being awarded the ‘World's best low-cost long-haul airline’ in both 2015 and 2016

Contacts

For journalists only

Press contact Norwegian Press Office press@norwegian.com +47 815 11 816

Marketing/sponsorhip requests: marketing@norwegian.com

Press contact Marketing/sponsorship requests: marketing@norwegian.com

Norwegian.com

The Norwegian group is a leading Nordic aviation company, headquartered at Fornebu outside Oslo, Norway. The company has over 8,200 employees and owns two of the prominent airlines in the Nordics: Norwegian Air Shuttle and Widerøe’s Flyveselskap. Widerøe was acquired by Norwegian in 2024, aiming to facilitate seamless air travel across the two airline’s networks.

Norwegian Air Shuttle, the largest Norwegian airline with around 4,700 employees, operates an extensive route network connecting Nordic countries to key European destinations. In 2023, Norwegian carried over 20 million passengers and maintained a fleet of 87 Boeing 737-800 and 737 MAX 8 aircraft.

Widerøe’s Flyveselskap, Norway’s oldest airline, is Scandinavia’s largest regional carrier. The airline has more than 3,500 employees. Mainly operating the short-runway airports in rural Norway, Widerøe operates several state contract routes (PSO routes) in addition to its own commercial network. In 2023, the airline had 3.3 million passengers and a fleet of 48 aircraft, including 45 Bombardier Dash 8’s and three Embraer E190-E2's. Widerøe Ground Handling provides ground handling services at 41 Norwegian airports.

The Norwegian group has sustainability as a key priority and has committed to significantly reducing carbon emissions from its operations. Among numerous initiatives, the most noteworthy is the investment in production and use of fossil-free aviation fuel (SAF). Norwegian strives to become the sustainable choice for its passengers, actively contributing to the transformation of the aviation industry.