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Norske Skog CFO to Leave Company

Feb. 20, 2006 - Norske Skog's senior vice president finance and chief financial officer, Christian Rynning-Tønnesen, plans to leave the company to become president and CEO of the Agder Energi power utility.

Mr. Rynning-Tønnesen joined Norske Skog as CFO in April 2005. The date of his departure has not been decided, and he will remain in his current position until further notice, Norske Skog said.

"This has been a difficult decision for me," Rynning-Tønnesen said. "I've been part of an inspiring and highly competent team in Norske Skog, which I'm going to miss."

In addition to his role as CFO, Rynning-Tønnesen will continue to have a special responsibility for restructuring work at the closed Norske Skog "Union" mill south of Oslo through a project called "Klosterøya - new opportunities."

Jan Oksum, president and CEO of Norske Skog, said that Rynning-Tønnesen has made an important contribution to the company's corporate management team.

"I regret his departure, but nevertheless understand why he has accepted the challenging job of leading Agder Energi," says Oksum.

SOURCE: Norske Skog




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