Olav Fjell new chair of Statkraft's board of directors

(Oslo, 26 June 2012) The enterprise general meeting in Statkraft SF has today elected Olav Fjell as the new chair of the board of Statkraft SF. The general meeting in Statkraft AS has then elected Olav Fjell as the new chair of the board of Statkraft AS. The board of Statkraft AS is identical with the board of Statkraft SF.

Olav Fjell (born 1951) has extensive and broad executive experience, both as CEO and through important directorships in Norwegian businesses.

Olav Fjell is currently the outgoing CEO of Hurtigruten, a position he has held since 2007. Han was CEO of Statoil from 1999-2003 and has also been the CEO of Postbanken and Lindorff. He has also been part of the senior management teams at Kongsberg Våpenfabrikk and DNB.

Olav Fjell has held several prominent board positions, including seats on the boards of NSB and Statkraft.

"I am familiar with Statkraft and look forward to get to know both the company and organisation better. Statkraft is one of Norway's most important and exciting companies and Europe's leader in renewable energy," says Olav Fjell.

Olav Fjell will take over as chair of Statkraft, replacing Svein Aaser effective today. The other directors were re-elected.

The board of directors of Statkraft AS now consists of:
Chair: Olav Fjell

Deputy chair: Ellen Stensrud

Director: Halvor Stenstadvold
Director: Berit Rødseth
Director: Silvija Seres

Director: Inge Ryan
Director: Odd Vanvik (elected by the employees)
Director: Thorbjørn Holøs (elected by the employees)
Director: Lena Halvari (elected by the employees)

For additional information: 

Vice president Investor Relations Yngve Frøshaug, tel.: +47 24 06 78 76 / +47 900 23 021

Press spokesperson Knut Fjerdingstad, tel.: +47 24 06 71 61 / +47 901 86 310

SVP Corporate Communication Bente E. Engesland, tel.: +47 24 06 75 01 / +47 911 59 952