Rynning-Tønnesen Resigns as Norske Skog CEO

Norske Skog, Lysaker, Norway, reports that its CEO Christian Rynning-Tønnesen will resign to become the new head of Statkraft on June 1, 2010, a company he was part of for 13 years before joining Norske Skog in early 2005 as CFO. He will remain CEO of Norske Skog until further notice. Appointed CEO in June 2006, Rynning-Tønnesen implemented comprehensive measures to reduce Norske Skog's debt and improve the group's cost position. "I regret that Christian will be leaving Norske Skog," said Eivind Reiten, chairman of the board. "He has made an outstanding effort as CEO in what has been a very demanding period for the group. The board will meet shortly to begin the process of recruiting his successor."

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