Rolf Thorsen is stepping down as CEO of Selvaag Bolig ASA. He is being replaced by Sverre Molvik as CEO and Øystein Klungland as COO. Following an evaluation process, Thorsen and the board have come to the conclusion that he will step down with immediate effect after leading the company since May 2019. Klungland, currently executive vice president for Greater Oslo, will become COO. With Selvaag since 2005 and at Selvaag Bolig from 2010, he has broad experience of developing and executing housing projects from both contractor and construction client sides. Klungland holds an MSc in engineering.