Norwegian property company Entra has revealed that its CEO, Arve Regland, is stepping down in summer 2019 to take up the position of chief financial officer at real estate services firm Fredensborg.
Regland was first employed as chief financial officer of Entra in January 2014, and played a central role in Entra's initial public offering in the autumn of 2014. He was appointed CEO in February 2015.
'Regland has done a very good job in leading the development of Entra as a listed company to the position the company has today. Entra has over the past years set new records when it comes to customer and employee satisfaction and increased the focus on sustainability and technology development,' said Siri Hatlen, chair of the board.
'It has been a great pleasure to work with so many nice and competent colleagues throughout the last five years. It will be sad to leave Entra, but I am confident that Entra will continue to develop its position as the leading property company in Norway,' said Regland.
Regland will remain as CEO at Entra until 30 June 2019.
The board of directors said it would immediately start the search for a new CEO.
