Stein Erik Hagen

Stein Erik Hagen is a Norwegian businessman. He is chairman of Orkla, where he is a major shareholder, and holds large stakes in 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.

  • Stein Erik Hagen founded the discount supermarket Rimi with his father in the 1970s.
  • In 2014 Hagen appointed his daughter, billionaire Caroline Marie Hagen Kjos, to take over the reins of his family’s investment company Canica AS.
  • Caroline, now chairman, owns a majority of the holdings, though Stein Erik maintains a seat on the board.
  • He created Canica upon selling his stake in Rimi in 1998, after the chain had merged with Sweden’s ICA; it later merged with Dutch retailer Ahold.
  • Canica has investments across Scandinavia, including consumer goods manufacturer Orkla, which Hagen chairs, and hardware store chain Jernia.