Øystein Olsen
Re-appointed Governor of Norges Bank and Chair of the Executive Board on 1 January 2017 for a second six-year term. Øystein Olsen has held this post since 1 January 2011.
His work experience includes posts as Director General of Statistics Norway and Director General at the Ministry of Finance. He also chaired or was a member of several government-appointed commissions. Øystein Olsen holds a postgraduate degree in economics (Cand. oecon.) from the University of Oslo.
Ida Wolden Bache
Appointed Deputy Governor with particular responsibility for Norges Bank Central Banking Operations (NBCBO) for the period 1 April 2020-31 March 2026.
Ida Wolden Bache is First Deputy Chair of the Executive Board and the Monetary Policy and Financial Stability Committee.
Her work experience includes posts as Executive Director of Norges Bank Monetary Policy and Executive Director of Norges Bank Financial Stability and as a macroeconomist at Handelsbanken Capital Markets. Ida Wolden Bache has been a member of the Systemic Risk Council in Denmark since 2017. She holds a PhD in economics from the University of Oslo and an MSc in economics from the London School of Economics.
Øystein Børsum
Appointed Deputy Governor with particular responsibility for the management of the GPFG for the period 2 August 2021-1 August 2027. Øystein Børsum is Second Deputy Chair of the Executive Board and the Monetary Policy and Financial Stability Committee.
Øystein Børsum’s latest position was chief economist at Swedbank. He has previously worked for Accenture, Norges Bank and for the Ministry of Finance, at the Economic Policy Department and the Asset Management Department.
He holds a degree in economics and business administration from the NHH Norwegian School of Economics, a Cycle International d’Etudes Politiques (a one-year master’s programme in French) from Sciences Po, a Master of Science in Finance and Economics from the London School of Economics and a PhD in economics from the University of Oslo.
Karen Helene Ulltveit-Moe
Appointed board member for the period to 15 May 2024. Chair of the Audit Committee and member of the Risk and Investment Committee of the Executive Board.
Karen Helene Ulltveit-Moe holds a professorship at the Department of Economics of the University of Oslo and is Research Fellow at the Centre for Economic Policy Research (CEPR) and CESifo. She is chair of the board at the NHH Norwegian School of Economics.
She has extensive experience as board member in a number of companies, including Unitor, the Kverneland Group, the Renewable Energy Corporation (REC), Norwegian Property and Gassnova. She was also a member of the Board of Representatives at Storebrand and the corporate assembly at Norsk Hydro and Norske Skog. She chaired or was a member of several government-appointed commissions, including the Norwegian Government Commission on Tax Policy, the Financial Crisis Commission, the Norwegian Government Commission assessing the impact of Norway’s agreement with the EU, the Government Commission on Working Time and the Aquaculture Tax Commission. Her main research interests are in international economics, productivity analysis, tax policy and industrial policy. She holds an MSc in economics from the University of Mannheim and a PhD in economics from the NHH Norwegian School of Economics.
Kristine Ryssdal
Appointed board member for the period to 15 May 2022. Member of the Ownership Committee and the Remuneration Committee of the
Executive Board.
Kristine Ryssdal is General Counsel at Yara International ASA. Other previous professional experience includes the positions of Vice President Legal at Statoil, Chief Legal Officer at the Renewable Energy Corporation (REC) and Legal Counsel at Norsk Hydro. In addition, she served for several years as an attorney at the Office of the Attorney General. She was previously a member of the board at Borregaard ASA and has held various board positions in the REC group and was a member of Kommunalbanken Norway’s Supervisory Board. Kristine Ryssdal holds a degree in law (Cand. jur.) from the University of Oslo and a Master of Laws from the London School of Economics. She is qualified to appear before the Supreme Court.
Arne Hyttnes
Appointed board member for the period to 15 May 2022. Chair of the
Remuneration Committee and member of the Audit Committee of the Executive Board.
Arne Hyttnes has extensive experience from the financial industry, including positions at DnC/DnB, the Norwegian Savings Banks Association, Finance Norway and the Norwegian Banks’ Guarantee Fund. He was managing director of the Norwegian Industrial and Regional Development Fund for four years and also has board experience from the NHH Norwegian School of Economics and “Ungt Entreprenørskap”, a non-profit organisation to promote cooperation between schools and the business sector. Arne Hyttnes holds a degree in economics and business administration from the NHH Norwegian School of Economics.
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Hans Aasnæs
Appointed board member for the period to 15 May 2024. Member of the Risk and Investment Committee of the Executive Board.
Hans Aasnes is CEO of the shipping company Western Bulk ASA. He is chair of the board at Strand Havfiske and Investinor. Hans Aasnes has extensive experience in investment management, real estate management and direct investment at Storebrand and the UMOE Group, among others. He also has extensive board experience from a number of companies, including the Government Pension Fund Norway, Statskog, Gjensidige pensjonsforsikring, Bergvik Skog, Foran Realestate and Fornebu Lumber Company. Hans Aasnes is an agricultural economist from the Norwegian College of Agriculture (now the Norwegian University of Life Sciences), holds a higher degree from the NHH Norwegian School of Economics and is a certified financial analyst.
Nina Udnes Tronstad
Appointed board member for the period to 15 May 2022. Member of the Audit Committee and the Remuneration Committee of the Executive Board.
Nina Udnes Tronstad is a professional board member. She is a member of the board at Bladt Industries, Prosafe and Fishency Innovation, and is chair of the board at Source Energy. She was executive vice president at Statoil and Kværner. Her most recent position was as general manager of a private investment company until she was appointed board member in Norges Bank.
She has been a board member at Peab AB, Ramboll Group, the Norwegian University of Science and Technology (NTNU) and Trelleborg AB, among others. Nina Udnes Tronstad holds an MSc in chemical engineering from the Norwegian University of Science and Technology.
Egil Herman Sjursen
Appointed board member for the period to 15 May 2024. Member of the Ownership Committee of the Executive Board.
He stepped down as Chief Executive Officer of Holberg Fondsforvaltning in 2018 after having served in this position since 2006. He has held executive positions in asset management in DNB (including London), Vesta Forsikring and Nordea Investment Management since the end of the 1980s. Sjursen also has extensive board experience from the financial industry, including 14 years as chair of the board and board member at the Norwegian Fund and Asset Management Association. Egil Herman Sjursen is currently chair of the board at the Bergen Philharmonic Orchestra, Stiftelsen Universitetsforskning i Bergen (Unifob) and Janus Holding AS and is board member at Nysnø Klimainvesteringer AS. He also chairs the Nibor Oversight Committee. Sjursen holds a postgaduate degree in social sciences (cand. polit.), with a major in economics, from the University of Bergen.
Employee-elected board members
Mona Sørensen
Appointed employee-elected board member from 1 January 2016.
Chair and chief union representative of the Finance Sector Union of Norway at Norges Bank from 1 January 2016. Mona Sørensen holds a degree in economics and administration and an Executive Master of Management with a specialisation in applied organisational psychology from the BI Norwegian Business School.
Marianne Depraetere is alternate for Mona Sørensen.
Truls Oppedal
Appointed employee-elected board member from 1 January 2021.
Member of the Remuneration Committee of the Executive Board.
Deputy chair of the Federation of Norwegian Professional Associations. Truls Oppedal holds a master’s degree in Business and Finance from Heriot-Watt University in Edinburgh, Scotland.
Kjersti Gro Lindquist is alternate for Truls Oppedal.
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