OSLO: Kenneth Hamnes has resigned from his position as Group CEO of Arcus ASA.

His last day of work will be January 31, 2021 in line with the agreement made with the Arcus’ Board of Directors.

Sigmund Toth, Arcus’ CFO and CFO designate for Anora Group PLC, has been appointed interim Group CEO from February 1, 2021 until the completion of the merger with Altia PLC.

The merger process proceeds according to plan, and closing is expected in 1H 2021 – as previously communicated.

Kenneth Hamnes will take up the position as Group CEO of Kavli Holding AS on February 1, 2021.

Arcus AS is Norway’s largest wholesaler of wine and liquor. It was created when it was demerged from the state-owned wine and liquor retailer Vinmonopolet on January 1, 1996. The retailing operations were kept in Vinmonopolet; import, export, production, and storage were transferred to Arcus. www.arcus.no

Altia and Arcus to merge to form a leading wine and spirits brand house