The lawyer son of former Norwegian Prime Minister Gro Harlem Brundtland is giving up several of his seats on local boards of directors, now that he’s taken a new job as head of an Oslo securities brokerage.
Knut Brundtland has spent the past several years as what the Norwegian media call a styregrossist, someone who sits on myriad corporate boards and collects fees accordingly. Brundtland left his post as a partner in the major Oslo law firm BA-HR in 2004, and newspaper Dagens Næringsliv (DN) reports that he since has earned his living as a professional investor and board member.
He recently, though, accepted an offer to take over as head of brokerage firm ABG Sundal Collier in October, and he already has started resigning from boards. DN reported last week that he’s leaving the boards of newspaper chain A-pressen and publishing firm Aschehoug, and he also quitting as leader of the corporate assembly for industricl concern Orkla.
The Swedish hedge fund Futuris Asset Management will also need to do without Brundtland’s services. “It’s a goal for me now not to sit on too many boards when I start working for ABG Sundal Collier,” he told DN.
Brundtland remains on the boards of advertising firm Try as, the Astrup Fearnley Museum, investment firm Pinnacle as and Leaseplan Norge, among others, at least for now.
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