Stein H. Annexstad
Encyclopedia
Stein Holst Annexstad is a Norwegian businessperson and politician for the Conservative Party
.
and Hafslund Nycomed
. He is the chairman of the board
of Investinor (formerly known as Statens Investeringsselskap), whose task is to invest in fledgling Norwegian companies, through a 49% ownership. This public investment fund has an initial capital of about $300 million. In addition, Annexstad has been a member of the board of SINTEF
, Biotec Pharmacon, Algeta, Cermaq
, SensoNor
, Fokus Bank
and the Norwegian School of Management
.
In 2005 controversy surrounded Annexstad, as he, Trond Wennberg and Jan Gunnar Hartvig were paid a total of $8 million in fees from the investment fund Norgesinvestor 2, despite the fund having low proceeds in general. Smaller investors had earned far lower proceeds. According to the newspaper Dagens Næringsliv
, the three had earned $18.5 million from 1996 to 2004, from an initial capital of $250,000.
Annexstad has a fortune of $7.0 million.
municipal council, representing the Conservative Party
. He was elected in 2007
; when he was nominated for the ticket the local newspaper described this as a "surprise".
As of 2007 he was the wealthiest politician in the municipalities Asker and Bærum
, ahead of businessman and fellow Conservative representative Leif Frode Onarheim
.
Conservative Party of Norway
The Conservative Party is a Norwegian political party. The current leader is Erna Solberg. The party was since the 1920s consistently the second largest party in Norway, but has been surpassed by the growth of the Progress Party in the late 1990s and 2000s...
.
Business
He has worked in Dyno Industrier, NycomedNycomed
Nycomed is a European pharmaceutical company. Nycomed is privately owned primarily by the two private equity investors Nordic Capital and CSFB Alternative Capital. Production is located in Norway, Denmark, Poland, Austria, Belgium, Germany, Estonia India, Mexico, Brazil and Argentina. Head office...
and Hafslund Nycomed
Hafslund Nycomed
Hafslund Nycomed is a defunct company that existed between 1986 and 1996 after the power and industry company Hafslund had bought the pharmaceutical company Nycomed. The company was listed on the Oslo Stock Exchange. In 1996 it was demerged and Nycomed merged with the British pharmaceutical company...
. He is the chairman of the board
Chair (official)
The chairman is the highest officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office is typically elected or appointed by the members of the group. The chairman presides over meetings of the assembled group and conducts its business in an...
of Investinor (formerly known as Statens Investeringsselskap), whose task is to invest in fledgling Norwegian companies, through a 49% ownership. This public investment fund has an initial capital of about $300 million. In addition, Annexstad has been a member of the board of SINTEF
SINTEF
SINTEF , headquartered in Trondheim, Norway, is the largest independent research organisation in Scandinavia. Every year, SINTEF supports research and development at 2,000 or so Norwegian and overseas companies via its research and development activity....
, Biotec Pharmacon, Algeta, Cermaq
Cermaq
Cermaq is a Norwegian fish farm and fish feed company. The company is owned 43.5% by the Government of Norway and is listed on Oslo Stock Exchange. The company has its headquarters in Oslo, Norway...
, SensoNor
Sensonor
Sensonor Technologies AS is a Norwegian producer and developer of MEMS sensors. Sensonor was owned by Infineon Technologies from June 2003 until February 2009, under the name Infineon Technologies SensoNor. In this period, the company was world leading in the TPMS market...
, Fokus Bank
Fokus Bank
Fokus Bank is a brand name for Danske Bank's Norwegian operation. Danske Bank has long been one of the largest banks in Scandinavia.Fokus Bank has 41 local branches spread around all of Norway. The main office is in Trondheim and the bank employs approximately 1,000 workers...
and the Norwegian School of Management
Norwegian School of Management
BI Norwegian Business School former name BI Norwegian School of Management is the largest business school in Norway and the second largest in all of Europe. BI has in total 6 campuses with the main one located in Oslo.-History:...
.
In 2005 controversy surrounded Annexstad, as he, Trond Wennberg and Jan Gunnar Hartvig were paid a total of $8 million in fees from the investment fund Norgesinvestor 2, despite the fund having low proceeds in general. Smaller investors had earned far lower proceeds. According to the newspaper Dagens Næringsliv
Dagens Næringsliv
Dagens Næringsliv, commonly known as DN, is a Norwegian tabloid specializing in business reporting with a claimed daily circulation of 82,775 copies in 2008, making it the 8th largest newspaper in Norway. The editor in chief is Amund Djuve. Its name is Norwegian for "Today's Business".Originally...
, the three had earned $18.5 million from 1996 to 2004, from an initial capital of $250,000.
Annexstad has a fortune of $7.0 million.
Politics
Annexstad is a member of AskerAsker
Asker is a municipality in Akershus county, Norway. It is part of the Viken traditional region. The administrative centre of the municipality is the village of Asker. The municipality is a suburb of Oslo, the national capital...
municipal council, representing the Conservative Party
Conservative Party of Norway
The Conservative Party is a Norwegian political party. The current leader is Erna Solberg. The party was since the 1920s consistently the second largest party in Norway, but has been surpassed by the growth of the Progress Party in the late 1990s and 2000s...
. He was elected in 2007
Norwegian local elections, 2007
Country-wide local elections for seats in municipality and county councils were held throughout Norway on September 10, 2007, with some areas polling on September 9 as well. For most places this meant that two elections, the municipal elections and the county elections ran concurrently...
; when he was nominated for the ticket the local newspaper described this as a "surprise".
As of 2007 he was the wealthiest politician in the municipalities Asker and Bærum
Bærum
is a municipality in Akershus county, Norway. The administrative centre of the municipality is the town of Sandvika. Bærum was established as a municipality on 1 January 1838. A suburb of Oslo, Bærum is located on the west coast of the city....
, ahead of businessman and fellow Conservative representative Leif Frode Onarheim
Leif Frode Onarheim
Leif Frode Onarheim is a Norwegian businessperson and politician for the Conservative Party.-Early life and career:He was born in Vestre Toten as the son of businessperson Frode M. A. Onarheim and housewife Lillemor Høst . He attended primary and secondary school in Hamar, Bekkelaget and Gjøvik...
.