Leif Terje Løddesøl
Encyclopedia
Leif Terje Løddesøl is a Norwegian businessperson.
He was born in Oslo
as a son of Aasulv Løddesøl (1896–1978) and Liv Marie Bjørlykke (1905–1994). He has been married twice. He graduated from the University of Oslo
with the cand.jur. degree in 1960, and studied further, among others at the Hague Academy of International Law
and the College of Europe
in Brussels. After a period as deputy judge in Hardanger District Court he worked in the Ministry of Foreign Affairs from 1963 to 1966 and the Norwegian Shipowners' Association
from 1966 to 1969.
He was then the chief executive officer of ScanAustral from 1969 to 1973, Wilh. Wilhelmsen from 1973 to 1980 and Den norske Creditbank
from 1980 to 1988. The bank became embroiled in hardships during a banking crisis (see among others the Black Monday 1987
), and an employee also frauded the bank. Løddesøl was removed as chief executive in 1988, but returned to the corporate executive team in Wilh. Wilhelmsen, where he stayed until 2000. From 2000 to 2002 he was the president of the Norwegian Shipowners' Association.
He was a board member of Den norske Creditbank in the 1970s and chaired the Norwegian Bankers' Association
from 1982 to 1984. He chaired the Norwegian National Opera from 1996 to 2005 and Wilh. Wilhelmsen from 2000 to 2003. He chaired the corporate council of Statoil
from 1996, and later the board from 2002 to 2003. He had to leave after the Iran case
.
He was decorated as a Knight, First Class of the Order of St. Olav in 1985.
He was born in Oslo
Oslo
Oslo is a municipality, as well as the capital and most populous city in Norway. As a municipality , it was established on 1 January 1838. Founded around 1048 by King Harald III of Norway, the city was largely destroyed by fire in 1624. The city was moved under the reign of Denmark–Norway's King...
as a son of Aasulv Løddesøl (1896–1978) and Liv Marie Bjørlykke (1905–1994). He has been married twice. He graduated from the University of Oslo
University of Oslo
The University of Oslo , formerly The Royal Frederick University , is the oldest and largest university in Norway, situated in the Norwegian capital of Oslo. The university was founded in 1811 and was modelled after the recently established University of Berlin...
with the cand.jur. degree in 1960, and studied further, among others at the Hague Academy of International Law
Hague Academy of International Law
The Hague Academy of International Law is a center for high-level education in both public and private international law housed in the Peace Palace in The Hague, The Netherlands...
and the College of Europe
College of Europe
The College of Europe is an independent university institute of postgraduate European studies with the main campus in Bruges, Belgium...
in Brussels. After a period as deputy judge in Hardanger District Court he worked in the Ministry of Foreign Affairs from 1963 to 1966 and the Norwegian Shipowners' Association
Norwegian Shipowners' Association
The Norwegian Shipowners Association is an employers' organization and interest group for Norwegian shipping and offshore companies. The organization's primary fields are national and international industry policies, employer issues, competence and recruitment, environmental issues and innovation...
from 1966 to 1969.
He was then the chief executive officer of ScanAustral from 1969 to 1973, Wilh. Wilhelmsen from 1973 to 1980 and Den norske Creditbank
Den norske Creditbank
Den norske Creditbank or DnC is a defunct Norwegian commercial bank created in 1857. In 1990 it merged with Bergen Bank to create Den norske Bank...
from 1980 to 1988. The bank became embroiled in hardships during a banking crisis (see among others the Black Monday 1987
Black Monday (1987)
In finance, Black Monday refers to Monday October 19, 1987, when stock markets around the world crashed, shedding a huge value in a very short time. The crash began in Hong Kong and spread west to Europe, hitting the United States after other markets had already declined by a significant margin...
), and an employee also frauded the bank. Løddesøl was removed as chief executive in 1988, but returned to the corporate executive team in Wilh. Wilhelmsen, where he stayed until 2000. From 2000 to 2002 he was the president of the Norwegian Shipowners' Association.
He was a board member of Den norske Creditbank in the 1970s and chaired the Norwegian Bankers' Association
Norwegian Bankers' Association
The Norwegian Bankers' Association was an employers' organisation in Norway, organized under the national Confederation of Norwegian Enterprise....
from 1982 to 1984. He chaired the Norwegian National Opera from 1996 to 2005 and Wilh. Wilhelmsen from 2000 to 2003. He chaired the corporate council of Statoil
Statoil
Statoil ASA is a Norwegian petroleum company established in 1972. It merged with Norsk Hydro in 2007 and was known as StatoilHydro until 2009, when the name was changed back to Statoil ASA. The brand Statoil was retained as a chain of fuel stations owned by StatoilHydro...
from 1996, and later the board from 2002 to 2003. He had to leave after the Iran case
Statoil corruption case
The Statoil corruption case refers to Norwegian oil company Statoil’s misconduct and extensive use of corruption in Iran in 2002/2003 in an attempt to secure lucrative oil contracts for the company in that country...
.
He was decorated as a Knight, First Class of the Order of St. Olav in 1985.