Yngve Slyngstad to Step Down as CEO of Norges Bank Investment Management

Posted on 10/30/2019


Ending on a high note of the fund surpassing 10 trillion NOK, Yngve Slyngstad has informed Norges Bank’s Executive Board that he will resign as CEO in Norges Bank Investment Management (NBIM). NBIM oversees Norway Government Pension Fund Global. Slyngstad will stay as CEO until a new CEO is chosen. Furthermore, he will contribute to the further development of the investment strategy. Slyngstad’s responsibilities will include building up unlisted renewable energy infrastructure as a new investment area.

The Executive Board of Norges Bank will begin a search for a new CEO.

According to press release, “The Executive Board is very satisfied with the management of the fund under Yngve Slyngstad’s leadership. Over these 12 years, the fund has delivered very good results and the fund has achieved a strong position internationally and in Norway. Yngve Slyngstad has been a distinct leader of Norges Bank Investment Management and developed a leading and global investment organisation, says Øystein Olsen, Chair of the Executive Board.”

Get News, People, and Transactions, Delivered to Your Inbox