Successor to Lars G. Josefsson at Vattenfall appointed
Nov 16, 2009 | Stockholm/Amsterdam Nuon CEO Øystein Løseth takes over at Vattenfall before the summer of 2010
Nuon is proud to announce that its CEO Øystein Løseth will succeed Lars G. Josefsson as CEO of Vattenfall in 2010. Since the summer of 2009 Vattenfall has been looking for a successor to Josefsson, who retires in 2010 at the age of 60. Lars Westerberg, chairman of the Supervisory Board of Vattenfall, is pleased that Vattenfall has found in Løseth the international candidate it needs.
For the time being, Øystein Løseth remains CEO of Nuon Energy, which is part of Vattenfall. The search for a suitable successor will now be implemented. At a meeting of the Supervisory Board yesterday Løseth was appointed first senior vice president of Vattenfall AB and deputy CEO of the Vattenfall Group. Over the next few months, he will work at Vattenfall alongside Lars G. Josefsson before he takes over the reins as CEO in the summer of 2010.
Øystein Løseth (51), who is a Norwegian national, has been chairman of the Board of Directors of Nuon since April 2008. He oversaw the takeover of Nuon by Vattenfall in July of this year. He was appointed as a member of the Management Board of n.v. Nuon on 1 January 2006, with responsibility for the Production and Trading segment and for Nuon’s activities in Belgium and Germany. Before taking up that role he became Managing Director of Nuon Energy Sourcing in August 2003. Løseth was a member of the Board of Directors of the Norwegian energy company Statkraft in Norway prior to joining Nuon in 2003, having worked previously for Naturkraft, Alliance Gas and Statoil.
About Vattenfall and Nuon
Vattenfall's vision is to be a leading European energy company. Vattenfall's main products are electricity and heat. Today, Vattenfall generates electricity, produces heat and supplies energy to several million customers in the Nordic countries and northern Europe. Its largest customers are industrial plants, energy companies, municipalities, property companies and housing associations.
Nuon is an energy company whose 6,000 employees serve around three million consumers, businesses and organisations in the Netherlands, Belgium and Germany. Its key commitment is to supply energy that is reliable, affordable and as clean as possible. Nuon produces and supplies gas, electricity, heat and natural cooling and helps customers to reduce their energy use. The company operates as Business Group Benelux of the Vattenfall Group.
