The process to find a replacement for Holsether has started, and a new President & CEO for Sapa will be announced in due time.

Holsether (pictured) will continue as Sapa’s top executive until further notice.

“The Board of Directors regrets Holsether’s decision to leave the company. Holsether has done a solid job for Sapa throughout his time in the company, especially as CEO for the joint venture since 2013. Sapa is ahead of plan on delivering the NOK 1 billion synergy target set out for the
joint venture, and the company has a capable management team and a strong organisation. Sapa is in a good position to meet the opportunities and challenges in the future,” says Svein

Holsether joined Sapa in 2007 and has held various positions, including CFO. He took over as CEO in September 2011.

“It was a very difficult decision to make, but I feel that this would be the right time to hand over to a new person now that the integration is finalised,” says Holsether.