The company has appointed Christian Rynning-Tønnesen (50) as a new president and chief executive to take over when Bård Mikkelsen retires next summer. Rynning-Tønnesen currently heads Norske Skog, a large forest products group.
Statkraft is, like most European energy companies, being hit by reduced demand for electricity and lower power prices.
“We are currently considering extraordinary efficiency measures to increase short-term profitability.
