The Board of Directors of Hafslund AS

The Board comprises eight members, three of whom are elected by the employees. No changes were made to the composition of the Board during the year. The Board has a good gender representation, and has appointed an Audit Committee and Compensation Committee as subcommittees to the Board of Directors.

The composition of the Board provides the Group with extensive and in-depth expertise for being able to make important decisions. The Board held eight regular board meetings in 2022, five extraordinary board meetings, and reviewed one item by email. During the previous year, the Board was particularly concerned with the strained power situation in Europe, the acquisition of Hafslund Oslo Celsio and the financing of the carbon capture project at Klemetsrud, capital management, framework conditions, further development of strategy, and opportunities for continued growth. Organisational work, risk and development of expertise were also important topics considered by the Board. The Board’s work is intended to ensure that the Group develops in the best interests of its owners, employees and other stakeholders.

The Board of Directors

Alexandra Bech Gjørv

Chair

Alexandra Bech Gjørv

Chair

Alexandra Bech Gjørv is CEO of SINTEF, one of Europe’s largest research institutes, which carries out extensive research activities in the energy industry. She has gained extensive industrial experience from management positions at Equinor and Norsk Hydro, where her responsibilities included developing activities in new energy.

Gjørv was previously Chair of Eidsiva Energi and a director of the French company Technip, Schibsted, Norske Skog and NRK. Gjørv has a degree in law. Between 2009 and 2015, she was a partner at the law firm Advokatfirmaet Hjort, where she specialised in areas such as employment law, energy law and investigations. She also headed the 22 July Commission.

Bård Vegar Solhjell

Director

Bård Vegar Solhjell

Director

Bård Vegar Solhjell is Director General of Norad (Norwegian Agency for Development Cooperation). He is Deputy Chair of the Fritt Ord (Free Word) foundation, and a member of the Arendalsuka main programme committee. Solhjell was previously a politician at the national level. He was Minister for the Environment, Minister of Education and Research, and State Secretary in Norwegian Prime Minister Jens Stoltenberg’s “Red-Green” coalition government. From 2009 to 2017, he was Member of Parliament for Akershus, and between 2007 and 2015 served as Deputy Leader of Norway’s Socialist Left Party.

Solhjell is a regular columnist for two Norwegian newspapers, where he writes about the climate, energy, development and other social issues. He has published several books on key topical economic and political issues. Solhjell has a degree in Political Science from the University of Oslo.

Bente Sollid Storehaug

Director

Bente Sollid Storehaug

Director

Bente Sollid Storehaug is Managing Director of Digital Hverdag AS. She has been a member of several government-appointed business policy councils. In 1993, Sollid Storehaug established Norway's leading internet consulting company which is today known as Bouvet ASA.

She also sits on the boards of Eika-Gruppen, Polaris Media ASA, Europris ASA, Nortel AS, Questback and Motor Gruppen AS. She is Chair of Placewise Group and Ocean Visioneering. Sollid Storehaug has intermediate subjects in political science, executive studies at INSEAD and MIT within board work, blockchain, digital platforms, disruption and innovation. She currently lectures at BI Norwegian Business School on the Master's programme Innovation, Digitalisation and New Business Models.

Bjørn Erik Næss

Director

Bjørn Erik Næss

Director

Bjørn Erik Næss is a professional director. Næss stepped down as CFO of DNB ASA on 1 March 2017, a position he had held for nine years. He was previously EVP and CFO of Aker Kværner ASA, and held similar positions at Orkla and Carlsberg (Denmark).

He has gained extensive experience of management roles both in Norway and internationally over the past 25 years. Næss is a graduate of the Norwegian School of Economics (NHH) and has completed an executive programme at Darden Business School in the USA.

Mari Thjømøe

Director

Mari Thjømøe

Director

Mari Thjømøe is a professional director, investor and consultant. She has management experience from some of Norway’s largest companies, was formerly CFO and acting CEO of Norwegian Property, CFO of the life insurance company KLP, and has 17 years of experience from Equinor and Norsk Hydro.

Thjømøe is Chair of Billington Process Technology, Seilsport Maritimt Forlag and ThjømøeKranen, and a director of Norconsult, Ice, the Danish insurance company Tryg, and the Swedish companies TF Bank and FCG Fonder. Thjømøe has a Master’s degree in Business Administration from BI Norwegian Business School/American Graduate School of International Business, is a qualified CFA/Authorised Financial Analyst from the Norwegian School of Economics (NHH), and has completed executive management training at London Business School.

Ingvild R. Solberg

Employee-Elected Director

Ingvild R. Solberg

Employee-Elected Director

Ingvild R. Solberg joined Hafslund Eco Vannkraft in 2020. She has a degree in electrical engineering and currently works as a project manager for change projects. Solberg previously worked for seven years at the grid operator Elvia, formerly Hafslund Nett, in several different electric power engineering positions and in management positions with responsibility for personnel.

Håkon Rustad

Employee-Elected Director

Håkon Rustad

Employee-Elected Director

Håkon Rustad joined Eidsiva Vannkraft in 2006. Rustad has a Master’s degree in Energy and the Environment from the Norwegian University of Science and Technology (NTNU) in Trondheim. He is currently responsible for the grid and also participates in the company’s offshore wind venture. Rustad has extensive experience of the physical management of power production, regulation of grid operations and development of hydro and wind power projects. Rustad is currently an employee representative for Tekna’s corporate group at Hafslund.

Vegar Kjos Andersen

Employee-Elected Director

Vegar Kjos Andersen

Employee-Elected Director

Vegar Kjos Andersen joined Hedmark Energi AS as an electrical engineer in 1998. He later worked as an electrical installation manager and section manager for maintenance at the companies Vannkraft Øst and Eidsiva Vannkraft. Since 2010, he has been power plant manager/maintenance manager. In addition to a trade certificate, he has completed technical vocational school studies in Industrial Electronics. Since 2003, he has been a member of the examination board for the power-supply operation profession.

The Board of Directors of Hafslund AS