Tor Lønnum took over as CFO and member of the Executive Board of Falck in September 2017 with responsibility for Group Finance, IT and Legal and has spearheaded the financial turnaround that Falck has carried out.
"Tor has been pivotal for leading Falck through a tough time ensuring that we successfully completed a financial turnaround with a reduced net debt with 88% since 2018 and improved our EBITA margin from 1.7% in 2018 to 5.5% in 2020 – this means, that we now have a very strong foundation for realizing our Care for More ’25 strategy for Falck. He will leave a strong footprint not only with his financial literacy but with his drive of continuous improvements/raising the bar. I have really enjoyed working with Tor and wish him all the best going forward," says CEO Jakob Riis.
Returning to Norway
The new job enables Tor to return to his mother country Norway.
"After four and a half years in Falck and more than 10 years abroad, I have decided to take up a position in my home country, Norway, as partner in the investment company Kverva AS. It is a fundamentally different Falck, that I will be leaving in 2022 that when I joined in 2017, however still with a very strong purpose of saving and improving lives. It has been a tremendous journey we have been on and I am proud of our joint efforts of improving Falck not only financially, but also culturally and strategically," says Tor Lønnum.
Tor will continue to serve as Group CFO until 30. April 2022. Falck expect to announce Tor Lønnum’s successor by the first quarter of 2022.