The Council Members are recommended by Norges Bank and appointed by the Ministry of Finance.
On 18 December 2014, the Ministry of Finance appointed Mr. Johan H. Andresen as Chair of the Council.
Johan H. AndresenChairShow description
Andresen holds an MBA from Rotterdam School of Management, and is the owner and chairman of Ferd. His previous positions include that of Product Manager for International Paper Co. in the US and partner at the Tiedemann Group. He is a member of various boards, including NMI-Norwegian Microfinance Initiative, Junior Achievement Europe, and Oslo Science City.
Svein Richard BrandtzægVice ChairShow description
Brandtzæg is a technologist and business executive. He is a graduate engineer with a PhD in Chemistry from the Norwegian University of Science and Technology (NTNU) in Trondheim and is a business graduate from the Norwegian School of Management BI. For 34 years, he held various positions in Norsk Hydro ASA and has lived in New Zealand, Belgium and Germany. He was the CEO of the company for the last ten years.
Brandtzæg was Chairman of the Board at NTNU between 2014-2020 and a member of the board of SCR-Sibelco NV (Belgium) in 2019-2021. He has chaired the Government’s Regional Development Committee and was a member of the committee to review the ethical guidelines for the Government Pension Fund Global in 2019-2020. Brandtzæg is now chairman of the board of Veidekke ASA, deputy chairman of the board of DnB ASA and a board member of Swiss Steel Holding AG, Mondi Ltd. (UK) and Eramet Norge. In the period 2009-2019, he was a member of the European Roundtable for Industrialists, World Economic Forum, Industry Board of Transparency International and International Council of Metal and Mining.
Cecilie HellestveitShow description
Hellestveit is a lawyer by background, with a doctorate in humanitarian law from the University in Oslo. She also holds a degree in area- and conflict studies, with a particular emphasis on the Middle East. Hellestveit has worked at various research institutions, including PRIO, SMR, NUPI, IKOS and ILPI. She has been a non-resident fellow at the Atlantic Council in Washington DC. Hellestveit has previously held an appointment with the Immigration Appeals Board (UNE) and been a member of medical and health research ethics committees under South-Eastern Norway Regional Health Authority. She has served at the Norwegian Refugee Council’s board of directors, and has been a columnist on foreign affairs in the weekly Morgenbladet and the financial newspaper Dagens Næringsliv.
Siv Helen Rygh TorstensenShow description
Siv Helen Rygh Torstensen has a Master of Law from the University in Bergen and works as General Counsel for Equinor ASA. She has held different positions within Equinor since 1998, most of the time in the legal department including in different leadership positions. She was also the company’s Chief Compliance Officer for several years. Torstensen was head of the CEO’s office for a period of three years until August 2019. Prior to Equinor she was a lawyer in the lawfirm Cappelen & Krefting DA and for Stavanger municipality.
Trude MyklebustShow description
Myklebust is a lawyer from the University of Oslo and holds a MSc (res) from the School of Geography and Environment at the University of Oxford. She is currently a PhD candidate at the University of Oslo’s Department of Private Law. Myklebust spent many years at the Ministry of Finance, where she worked on ethical guidelines for and responsible management of Norway’s Government Pension Fund, among other matters. Myklebust has previously served as a deputy judge, and as a senior advisor for the Director of the Supreme Court of Norway. She has also authored a textbook on financial market law.