Norwegian Air CEO and Founder Steps Down
- Kjos, who co-founded discount upstart, to remain as adviser
- CFO Karlsen to take interim CEO role as focus shifts to profit
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Bjorn Kjos, a pioneer of low-cost travel as co-founder of Norwegian Air Shuttle ASA, is stepping down as chief executive officer after making progress toward resolving the carrier’s debt crisis.
Kjos, who helped found Norwegian in 1993 and led its rapid growth, will leave the post immediately, the company said Thursday in a statement. Chief Financial Officer Geir Karlsen will become interim CEO until a permanent successor is found.