Jon-Aksel Torgersen, the long-serving chief executive of Astrup Fearnley, had a clear message for his successor, Even Matre Ellingsen, before handing over the reins at the end of his 27-year tenure.

“Jon-Aksel was the one who said, ‘Even, if you don’t change the way we do business, I will be very disappointed’,” Ellingsen tells TW+ in his first extended interview since stepping into the role on 31 March.