About our CEO
Øystein Løseth was appointed President and CEO of Vattenfall in April 2010. Vattenfall today is a dynamic European energy group, with a strong presence in Sweden, Germany and the Netherlands as well as in Denmark, Finland, France and the United Kingdom.
Løseth was born 1958 in Oslo, Norway. He holds a Master's degree of Mechanical Engineering from the Technical University of Trondheim, Norway (Norges Tekniske Hoyskole), and degree in Economics at Bedriftsøkonomisk Institutt, Bergen, Norway.
He started his professional career at Statoil in Norway where he held various positions in 1984-1993. He then moved to London, UK, in 1993-1994 as Planning Manager for Alliance Gas. Coming back to Norway in 1994, he joined Naturkraft in Oslo as Commercial Director until 1997 when he moved on to Statkraft Norway.
At Statkraft (1997-2003) he was responsible for establishing Statkraft Energy Europe in the Netherlands and Germany, after which he was appointed Director of the Strategy Division. In 2002 he was appointed member of the Board of Management of Statkraft, responsible for production and project development.
In 2003, Løseth joined Nuon in Amsterdam, Netherlands, as Managing Director for Nuon Energy Sourcing. He became member of the Board of Management in 2006, as responsible for the segments Production and Trade, and for Nuon's activities in Belgium and Germany. Løseth was appointed President and CEO of Nuon N.V. in 2008.
When Nuon was acquired by Vattenfall in July 2009, Løseth became Senior Executive Vice President and Head of Business Group Benelux. As of April 12, 2010, Løseth is President and CEO of Vattenfall AB.
Løseth is married and has three children, with homes in Oslo and in Stockholm. Typically Norwegian, Løseth loves to go trekking - "gå på tur” - and spend time in his country house - "hytte”. He also enjoys cross country skiing and mountain biking.