Tor Lønnum appointed new CFO of Statkraft

27 Jan 2026 08:00 CET

(Oslo, Norway, 27 January 2026)?- Tor Lønnum has been appointed Executive Vice
President and Chief Financial Officer (CFO) of?Statkraft. Lønnum brings more
than 25 years of senior financial leadership experience from large Nordic and
international companies, including CFO roles in regulated, capital-intensive and
customer-oriented businesses.

"I am very pleased to announce the appointment of Tor Lønnum as the new CFO of
Statkraft. Tor has broad strategic, financial and leadership experience as both
CEO, deputy CEO and CFO in leading Norwegian and international corporations and
I am confident that Tor will be a strong contributor to Statkraft's success
going forward", says Birgitte Ringstad Vartdal, President and CEO of Statkraft
AS.

Tor Lønnum assumes the position effective from 1 February 2026. He succeeds Tone
Aastveit Skuterud in the role. Skuterud, EVP People, Organisation and
Sustainability, has served as acting CFO since 1 January 2026, following the
resignation of Anna Nord Bjerke as CFO of Statkraft. The recruitment process was
initiated in December 2025 and led by Korn Ferry combining search and open
applications.

"I am very much looking forward to joining Statkraft, a company that plays a
critical role in Europe's energy system and in the development of Norway's
renewable resources. Renewable energy is central to Europe's energy security,
competitiveness, and energy transition. I look forward to contributing my
financial, commercial and leadership experience to support Statkraft's refined
strategy and long-term value creation," says Tor Lønnum.

Lønnum is a Norwegian national, born in 1967. Prior to joining Kverva as CFO in
2022 and then CEO in 2023, he served as CFO and member of the executive
committee of Falck AS (2017- 2022), a global provider of health care services
based in Copenhagen, Denmark. Before this he served as CFO of Tryg AS and Tryg
Forsikring AS (2011-2016), the second largest insurance company in the Nordics,
and as CFO and deputy CEO of Gjensidige Forsikring (2003-2011), Norway's largest
insurance company. He has also served as CFO of Aimia, a global provider of
loyalty programmes, based in Canada (2016-2017).

For further information, please contact:

Debt Capital Markets:
Vice President Stephan Skaane
tel: +47 905 13 652
e-mail: stephan.skaane@statkraft.com

Senior Financial Advisor Arild Ratikainen
tel: +47 971 74 132
e-mail: arild.ratikainen@statkraft.com

Media:
Corporate Media Relations Lead Lars Magnus Günther
tel: +47 912 41 636
e-mail: lars.gunther@statkraft.com

VP External Communications Torbjørn Steen
tel: +47 911 66 888
e-mail: torbjorn.steen@statkraft.com

or www.statkraft.com (https://www.statkraft.com)

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

About Statkraft
Statkraft is a leading company in hydropower internationally and Europe's
largest generator of renewable energy. The Group produces hydropower, wind
power, solar power, and gas-fired power. Statkraft is a global company in energy
market operations. Statkraft has around 7,000 employees in more than 20
countries.

More information:
Access the news on Oslo Bors NewsWeb site