In 2016, Pål Smith-Kielland transferred the majority of his shares in Hesnes to his daughters, Kaja and Ida. Two years later, Mr. Smith-Kielland celebrated his 70th birthday and retired from the position as CEO and Chairman of the Hesnes Holding Board. He continues as an advisor for Hesnes and a board member in the holding company. Morten Gjølstad, who has worked in Hesnes since 1994, becomes the Senior Managing Director in Hesnes Group.