Svein Tore Holsether, executive vice president M&A at Orkla, is appointed CEO of Stockholm, Sweden-based Sapa. Svein Tore Holsether has been CFO of both Elkem and Sapa, and has lead Sapa’s recent expansion in Asia through his role as business area president. Tim Stubbs leaves to pursue new opportunities outside the Sapa group.
Svein Tore Holsether held several positions in Elkem before he was appointed CFO in Elkem in 2005. He was CFO in Sapa from 2007 to 2010, before he was put in charge of Sapa’s expansion in Asia as Business Area President, Sapa Asia and Middle East in 2010. He is currently executive vice president M&A in Orkla ASA.
