Norwegian listed property company Fornebu Utvikling (FBU) announced that Inger Lise Egeland has resigned from her position as chief financial officer (CFO). FBU is now looking for a replacement.
Norwegian listed property company Fornebu Utvikling (FBU) announced that Inger Lise Egeland has resigned from her position as chief financial officer (CFO). FBU is now looking for a replacement.
Egeland will stay with FBU during her notice period. The company said she had decided to pursue her career elsewhere but will stay on during her notice period.
'Inger Lise Egeland has played a significant role in the restructuring of FBU and has been an key contributor in establishing FBU with a strong operational platform and a healthy financial position. We regret her decision to resign, but wish her all the best,' said CEO Morten Grongstad.
FBU focuses on residential and commercial development projects at Fornebu, just outside Oslo. The company holds a development potential at Fornebu of 5,300 residential units and about 70, 000 m2 commercial property. In addition, FBU holds 110,000 - 120,000 m2 development potential in Odense in Denmark. The combined asset value has been estimated by property adviser DTZ at NOK 5 bn (EUR 641 mln).