Norwegian Property appoints CFO (NO)

Svein Hov Skjelle has been appointed Chief Financial Officer of Norwegian Property ASA, where new Chief Executive Petter Jansen is building up the organisation.

Mr Skjelle comes from the post of president at TeleComputing Norway, which he has held since June 2004. Before that, he was CFO for the TeleComputing group from May 2003, and served as its acting chief executive. Previous appointments including finance manager and later CFO at Merkantildata (now Ementor) from 1998-2003, and six years with Veidekke where he was finance manager on his departure in 1997. He received an MSc in business economics in 1990, from the Norwegian School of Economics and Business Administration (NHH) in Bergen and qualified as an authorised financial analyst (AFA) at the same institution in 1998.

"Mr Skjelle has achieve good results in his previous appointments, and combines financial knowledge and experience with good management skills," says Mr Jansen. "He also has solid experience of working for listed companies. I am very pleased that he has agreed to become a member of our management team."

Norwegian Property was established in April, and has so far invested or agreed to invest a total of NOK 14.4 billion in 41 properties. These holdings comprise very attractive office and shop premises in Oslo and Stavanger, and their tenants are solid and reputable Norwegian businesses. They cover a total of 590 000 m², and 99% of this area is leased with an average remaining term of almost eight years.

Norwegian Property is planning to secure a listing on the Oslo Stock Exchange during the fourth quarter, and aims to become the leading company in its field in Norway.

Source: Norwegian Property

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