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Published 2024-05-15

Andrew Kvålseth to leave Schibsted

Andrew Kvålseth, EVP Growth and Investments and Chief Investment Officer of Schibsted, has decided to leave Schibsted for an external opportunity.

2022-12-01 Oslo Andrew Kvålseth, EVP Growth and investments & Chief Investment Officer, Schibsted Photo: Emma-Sofia Olsson/Schibsted

Kvålseth’s current responsibilities include Schibsted’s growth portfolio, venture activities, and mergers and acquisitions. He will take on a CEO position in a listed company, to be announced at a later date. 

“I want to express my heartfelt gratitude to Andrew for his contributions to Schibsted. Most recently, he has played a leading role in two of our most important transactions ever: the divestment of our Adevinta holding and the divestment of our news media operations. His strong leadership of Schibsted’s Growth and Investment business area under challenging macroeconomic conditions has also been invaluable to the company. I wish Andrew all the best in this next endeavour,” says Kristin Skogen Lund, CEO of Schibsted. 

Andrew Kvålseth has been a part of Schibsted’s Executive Management team since 2021 and he will leave Schibsted in July 2024. 

“It has been a privilege to get to work with so many talented and inspirational individuals at Schibsted, a company that has been continually reinventing itself for almost 200 years. I feel lucky to have had the opportunity to be a small part of that journey, especially during a time filled with so many transformational initiatives which I could help drive. Thank you to all my colleagues and I look forward to watching Schibsted’s continued success and evolution,” says Andrew.