Norwegian Air's most turbulent year in its history is coming to an end with the appointment of a new permanent boss. The former gas station retail executive Jacob Schram will take over the reigns at Norwegian Air from January 2020.
Geir Karlsen, who took temporary charge following Bjørn Kjos' resignation earlier this year, will continue as CFO and Deputy CEO. Norwegian made the announcement today via an official stock exchange announcement. Shares in the company rose 0.74 percent following the news, according to Norwegian news website e24.
"Norwegian has created a piece of Norwegian industrial history and it is an honor to be appointed CEO of this company," said Schram in a statement. He stopped short of commenting too much on the current circumstances, but it's clear he understands the challenges ahead.
"The aviation industry is characterized by strong competition and unforeseen events, but above all, aviation is crucial for a great many people. My most important task going forward will be to bring Norwegian back to profitability and further consolidate its position as a strong player in international aviation," he added.
