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Published 2022-08-09

Dan Ouchterlony leaves Schibsted

Dan Ouchterlony, EVP and Head of Financial Services & Ventures, has decided to leave Schibsted after 17 years.

Andrew Kvålseth, EVP and Chief Investment Officer, will take over Dan’s responsibilities as the Financial Services business area is merged into the Investments area.

Dan Ouchterlony has been with Schibsted for 17 years in a number of leading positions and has served as a member of the Executive Management Team since 2020. He leaves Schibsted for a leadership position in a major Nordic company, to be announced at a later date.

“Dan has been a wonderful colleague and co-leader at Schibsted. He has helped create great value for Schibsted, and he has always brought a fresh perspective to any issue and discussion in our management team. We’re going to miss Dan dearly, but we are also thankful for his many years of service and truly wish him the best,” says Kristin Skogen Lund, CEO of Schibsted.

Recently Dan Ouchterlony has held dual roles both heading up Schibsted’s Financial Services business reporting to the CEO, and its Venture activities reporting to Chief Investment Officer Andrew Kvålseth. Kvålseth will now also be taking on Ouchterlony’s Financial Services responsibilities as Financial Services is merged into the Investments business area. He will also succeed Ouchterlony as Chairman of Lendo.

“Dan has done great work and has been key in driving a number of Schibsted’s successful investments including Lendo, which grew 25% in Q2 this year. I would like to thank Dan for helping make Schibsted one of the leading investors and growth companies in the Nordics and I look forward to continuing to build that position,” says Andrew Kvålseth, EVP and Chief Investment Officer.

“Schibsted has been a great place to work, and I am grateful for all the opportunities and friendships over the years. The team and strategies in place are robust, and handing the torch over to Andrew will go smoothly. I want to thank the whole Schibsted team and wish them all the best,” says Dan Ouchterlony, EVP and Head of Financial Services & Ventures.

Kvålseth will be assuming Dan’s responsibilities immediately, while Ouchterlony will be available for Schibsted until the middle of September.