The first manager to ever win the league title with Molde. In his first season with them as well. He then won their second ever league title the following year.
He also won the Norwegian Cup in his third season, this was only the 3rd time they had won it.
As of 2013 in his final season of his first stint, in 103 years of the clubs history, the club had only ever won 5 top division trophies. 3 of them due to Ole. Regardless of it being the Norwegian league, 3/5 of the clubs top flight trophies in 103 years being down to him is a great achievement in itself, this being his first managerial stint of a top flight team.