Changes to Statkraft's board of directors

30.06.2009 12:48 | stock exchange information

(Oslo, 30 June 2009) Today, Hilde M. Tonne and Bertil Tiusanen were elected by the general meeting to serve as new members on the Statkraft board of directors. Egil Nordvik and Aud Mork are stepping down from the board.
 
Hilde M. Tonne (43) is Executive Vice President and Head of Communications & Corporate Responsibility at Telenor. Tonne came to Telenor from Norsk Hydro, where she was Head of Technology & Research in Hydro Oil & Energy. From 1991 to 1999, Tonne held various positions in Saga Petroleum. From 2000 to 2007 she served in several executive positions in Hydro - including as Head of Communications of Hydro Oil & Energy. Tonne serves on the Board of Directors in Det Norske Veritas AS and Gassnova SF. She has an engineering degree from NTH in Trondheim, Norway and RWTH Aachen in Germany
 
Bertil Tiusanen (60) is the CEO of the Norwegian State Educational Loan Fund. He is a Swedish citizen and holds a Master's degree in economics from the University of Gothenburg School of Business, Economics and Law. Bertil Tiusanen has long and broad executive experience. He has previously held executive positions in major Swedish companies such as Vattenfall, Kooperativa Förbundet and Pharmacia.
 
The Statkraft board of directors now consists of:
Chair: Arvid Grundekjøn
Deputy Chair: Ellen Stensrud
Director: Hilde M. Tonne
Director: Halvor Stenstadvold
Director: Bertil Tiusanen
Director: Berit Rødseth    
 
In addition, the employee-elected members are:
Employee representative: Odd Vanvik
Employee representative: Thorbjørn Holøs
Employee representative: Astri Botten Larsen     
 
Statkraft is Europe's largest renewable energy company. The Group develops and generates hydropower, wind power, gas power and district heating, and is a major player on the European power exchanges. Statkraft also develops marine energy, osmotic power solar power, and other innovative energy solutions. Through the ownership of other companies, Statkraft supplies energy and heating to more than 600,000 customers in Norway. In 2008 Statkraft posted gross operating revenues of EUR 3.1 billion (NOK 25 billion). The group employs 3,000 staff in more than 20 countries.
 
For further information, please contact:
EVP Ragnvald Nærø, tel.: +47 24 06 71 00/ +47 900 80 303