Øistein Andresen becomes Executive Vice President, International Hydropower at Statkraft

21-6-2010

CEO of Statkraft, Christian Rynning-Tønnesen announced today the new Corporate Management of Statkraft. Øistein Andresen will leave his current role as CEO of SN Power, to become part of Statkraft`s new Corporate Management. His new role will be Executive Vice President, International Hydropower. Stein Dale will continue as Chairman of the Board.

Tor Stokke, current CFO at SN Power will act as SN Power`s CEO until further notice. SN Power`s Board of Directors will come together after the summer to initiate the process to recruit  new CEO.

“I’m very pleased with the composition of the new corporate management team.  Øistein Andresen has headed SN Power since its establishment, and has developed the company into an international leader within hydropower in Southeast Asia and South America,” President and CEO of Statkraft Christian Rynning-Tønnesen says.