Storebrand appoints new CFO, veteran executive steps down

Storebrand ASA has announced Kjetil R. Krøkje, 43, will assume the role of chief financial officer for the Storebrand Group, effective September 17. He succeeds Lars Aa. Løddesøl, who is stepping down after 14 years as CFO and nearly 25 years in Storebrand's executive management. Løddesøl will remain with Storebrand, serving as chairman of the board in Storebrand Forsikring and a board member in Storebrand Asset Management.

The transition is strategically timed, with CEO Odd Arild Grefstad noting the new executive management team will present at the Capital Markets Day on December 10, 2025, and be responsible for delivering on the plan. Krøkje joins the executive management team from his previous position as group head of strategy, finance and M&A at Storebrand, where he was responsible for financing, capital structure, group strategy, M&A, and investor relations. He has held several leadership roles within Storebrand since 2008.

Storebrand manages NOK 1,507 bn in assets and serves approximately 55,000 corporate customers and 2.2 million individual customers. Both the outgoing and incoming CFOs, along with other executives, are scheduled to participate in several upcoming investor roadshows and conference activities throughout September and November 2025.