Though he remains the chairman of the companies, ownership and CEO functions are retained by his daughter Anette S. Olsen. In addition to his jobs within the Fred. Olsen group he was for a period also chairman of the Aker Group.
Despite his continued role as chairman of the companies, ownership and CEO duties remain with his daughter Anette S. Olsen. In addition to his positions within the Fred. Olsen group, he also served as chairman of the Aker Group at one point in time.