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Norske Skog nominates Kim Wahl to chair company

March 7, 2007 - Norske Skog said that Kim Wahl has been nominated as the new chair of the company. Lars W Gr°holt, Norske Skog's current chair, told the nomination committee that he would not be seeking re-election at the company's Annual General Meeting in April.

Gr°holt has been Norske Skog's chair for five years.

Wahl is currently a partner in and deputy chair of Industri Kapital, a European private equity company. He holds an MBA from Harvard and has worked in various positions for Goldman, Sachs & Co in London and New York.

"Wahl has very strong strategic experience and expertise," said Idar Kreutzer, chair of the nomination committee. "He also has international industrial experience, knowledge about and familiarity with the international finance business, and experience from large and demanding restructuring processes.

"Combined with his strong person qualities, this means that he meets the requirements for a new chair specified by the nomination committee. Wahl will contribute an expertise and experience which will be important for Norske Skog in the future," Kreutzer said.

SOURCE: Norske Skog




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