Stein Erik Hagen

About Stein Erik Hagen

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.