General – CEO Leaves Statkraft
CEO Christian Rynning-Tønnesen has informed the Board of Directors of Statkraft that he wishes to step down after almost 14 years of leading the company.
The Board will now initiate a process to find a new CEO. Rynning-Tønnesen will remain President and CEO until further notice.
Rynning-Tønnesen assumed the role as President and CEO of Statkraft in 2010. The company has over the last five years delivered an average annual return after tax of 26 percent, including dividend to owner. Statkraft is today one of Norway’s largest companies with an enterprise value of more than NOK 300 billion.
“After almost 14 years as President and CEO, and after careful considerations, I have concluded and informed the Board that it is time to step down. It is a privilege to lead a company that contributes to the green shift through large scale renewable energy development and production. I am proud of what all the employees have achieved and am confident that I leave Statkraft fit to deliver on our ambitious growth strategy,” says President and CEO of Statkraft, Christian Rynning-Tønnesen.