Stein Erik Hagen
Encyclopedia
Stein Erik Hagen is a Norwegian businessman. He is Chairman of the Board
of Orkla
, where he is a large owner, and holds large ownerships of Steen & Strøm
, Jernia and Komplett
through his family company Canica
. According to the news magazine Kapital, Hagen is worth NOK
24 billion, making him the second richest person in Norway.
). He founded the RIMI
discount store
chain along with his father in the 1970s, and retained ownership until the 2000s, when he sold to Swedish ICA and Ahold
. Most of the Money was ploughed into Orkla. Hagen reportedly owns one of the biggest sailboats in Europe and used to own his own island in the Caribbean, which he has sold. He provided financial support to Liberal Party in the 2005 Norwegian election
and to all the right-winged parties, the Liberal Party, Christian Democratic Party, Conservative Party
and Progress Party
in 2006.
Chair (official)
The chairman is the highest officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office is typically elected or appointed by the members of the group. The chairman presides over meetings of the assembled group and conducts its business in an...
of Orkla
Orkla Group
Orkla Group is a Norwegian industrial conglomerate operating in the Nordic region, Eastern Europe, Asia and the US. The company's main divisions are branded consumer goods, aluminium solutions, materials, associates and financial investments.-Operations:...
, where he is a large owner, and holds large ownerships of Steen & Strøm
Steen & Strøm
Steen & Strøm is a Scandinavian retail and real estate company that owns and operates 52 shopping centres in Norway, Sweden and Denmark. In 2006 the shopping centers had 3,300 lessees with total revenue of about NOK 40 billion.-History:...
, Jernia and Komplett
Komplett
Komplett AS is a Norwegian e-commerce company with nine webshops in 3 countries in Scandinavia. The larger part of their product assortment is computers and components, but have expanded to photo, Hi-Fi, TV, gaming and white goods....
through his family company Canica
Canica
Canica is a private holding company owned by Stein Erik Hagen and his three children Caroline Marie Hagen, Carl Erik Hagen and Nina Camilla Hagen . The company is the largest owner of Orkla , Jernia , Komplett , Ignis and Steen & Strøm . The company was founded in 1985 to own the RIMI grocery...
. According to the news magazine Kapital, Hagen is worth NOK
Norwegian krone
The krone is the currency of Norway and its dependent territories. The plural form is kroner . It is subdivided into 100 øre. The ISO 4217 code is NOK, although the common local abbreviation is kr. The name translates into English as "crown"...
24 billion, making him the second richest person in Norway.
Biography
Hagen is educated at Kjøpmannsinsituttet (now part of the Norwegian School of ManagementNorwegian School of Management
BI Norwegian Business School former name BI Norwegian School of Management is the largest business school in Norway and the second largest in all of Europe. BI has in total 6 campuses with the main one located in Oslo.-History:...
). He founded the RIMI
RIMI
RIMI is a grocery store chain with 279 retail outlets throughout Norway. The chain is owned by ICA, but can trace itself back to 1977 when it was founded as RIMI 500 by Stein Erik Hagen....
discount store
Discount store
A discount store is a type of department store, which sells products at prices lower than those asked by traditional retail outlets. Most discount department stores offer a wide assortment of goods; others specialize in such merchandise as jewelry, electronic equipment, or electrical appliances...
chain along with his father in the 1970s, and retained ownership until the 2000s, when he sold to Swedish ICA and Ahold
Ahold
Ahold is a major international supermarket operator based in Amsterdam, Netherlands. Ahold is listed on Euronext Amsterdam and the Frankfurt Stock Exchange.-History:...
. Most of the Money was ploughed into Orkla. Hagen reportedly owns one of the biggest sailboats in Europe and used to own his own island in the Caribbean, which he has sold. He provided financial support to Liberal Party in the 2005 Norwegian election
Norwegian parliamentary election, 2005
Parliamentary elections were held in Norway on 12 September 2005. More than 3.4 million Norwegians were eligible for vote for the Storting, the parliament of Norway. The new Storting has 169 members, an increase of four over the 2001 election....
and to all the right-winged parties, the Liberal Party, Christian Democratic Party, Conservative Party
Conservative Party of Norway
The Conservative Party is a Norwegian political party. The current leader is Erna Solberg. The party was since the 1920s consistently the second largest party in Norway, but has been surpassed by the growth of the Progress Party in the late 1990s and 2000s...
and Progress Party
Progress Party (Norway)
The Progress Party is a political party in Norway which identifies as conservative liberal and libertarian. The media has described it as conservative and right-wing populist...
in 2006.