Statkraft Names Tor Lønnum as New CFO Amid Leadership Transition

Event summary

  • Tor Lønnum appointed CFO of Statkraft effective February 1, 2026.
  • Succeeds Tone Aastveit Skuterud, who served as acting CFO since January 1, 2026.
  • Lønnum brings 25+ years of financial leadership experience from Nordic and international firms.
  • Previously CFO of Falck AS, Tryg AS, and Gjensidige Forsikring.
  • Recruitment process led by Korn Ferry, initiated in December 2025.

The big picture

Statkraft’s appointment of Tor Lønnum as CFO underscores the strategic importance of financial leadership in Europe’s renewable energy sector. With Lønnum’s extensive experience in regulated and capital-intensive industries, the move signals a focus on strengthening Statkraft’s role in Norway’s renewable resources and Europe’s energy security. The transition follows a period of leadership changes, highlighting the company’s commitment to long-term value creation in a rapidly evolving energy landscape.

What we're watching

Strategic Alignment
How Lønnum’s experience in regulated, capital-intensive industries will shape Statkraft’s refined strategy.
Execution Risk
Whether the new CFO can sustain Statkraft’s long-term value creation amid Europe’s energy transition.
Market Dynamics
The pace at which Statkraft integrates Lønnum’s commercial and leadership experience into its operations.

Related topics

Utilities