Skift Take
After 17 years, Bjorn Kjos is out as CEO. He is staying on as an advisor and still retains a minority stake, but does his departure make a sale more likely?
Bjørn Kjos, the co-founder of low-cost carrier Norwegian is to step down as CEO after 17 years in the role.
He will be replaced on an interim basis by current chief financial officer Geir Karlsen with chairman Niels Smedegaard also taking on a more active management role.
Kjos is remaining with Norwegian and will immediately switch to become an advisor to the chairman, with effect from Thursday.
“Bjørn has played an unprecedented role in Norwegian’s success. His vision of offering affordable fares for all, combined with his enthusiasm and innovating spirit, has revolutionized the way people travel fo