Stein Erik Hagen, the prominent Norwegian billionaire and longtime Chairman of Orkla ASA, passed away suddenly today, May 4, 2026, at the age of 69.
The announcement was made this afternoon by Orkla and the PR agency First House. According to reports, Hagen suffered a cardiac arrest. Although life-saving measures were initiated immediately by health personnel, he could not be saved.
Career & Business Legacy
Hagen was one of Norway’s most influential business figures, best known for:
The RIMI Empire: He founded the discount grocery chain RIMI in the 1970s, which revolutionized the Norwegian retail market and formed the basis of his significant wealth.
Orkla ASA: He served on the board since 2004 and as Chairman since 2006. Under his leadership, Orkla transformed into a leading industrial investment company with a focus on consumer goods.
Canica: Through his family holding company, Canica, he and his children maintained a 25% stake in Orkla, alongside various other investments in retail and real estate.
Leadership Transition
Following the news of his “sudden and unexpected” passing, Orkla’s Board of Directors has appointed Liselott Kilaas as the acting Chair of the Board to ensure continuity in the company’s governance.
Personal Life
In recent years, Hagen remained a high-profile figure in Norwegian public life. In November 2025, he married Bendik Skinningsrud. He is survived by his husband and his four children, including Caroline Hagen Kjos, who has taken an increasingly central role in managing the family’s assets.
Orkla CEO Nils K. Selte described Hagen as a “true pillar” of the Norwegian business community and an “exceptionally sharp businessman with tremendous warmth.”
