Stein Holst Annexstad (born 1944) is a Norwegian businessperson and politician for the Conservative Party.
He has worked in Dyno Industrier, Nycomed and Hafslund Nycomed. [1] He is the chairman of the board of Investinor (formerly known as Statens Investeringsselskap), whose task is to invest in fledgling Norwegian companies, through a 49% ownership. This public investment fund has an initial capital of about $300 million. [2] In addition, Annexstad has been a member of the board of SINTEF, Biotec Pharmacon, Algeta, Cermaq, SensoNor, Fokus Bank and the Norwegian School of Management. [1]
In 2005 controversy surrounded Annexstad, as he, Trond Wennberg and Jan Gunnar Hartvig were paid a total of $8 million in fees from the investment fund Norgesinvestor 2, despite the fund having low proceeds in general. Smaller investors had earned far lower proceeds. [3] According to the newspaper Dagens Næringsliv, the three had earned $18.5 million from 1996 to 2004, from an initial capital of $250,000. [4]
Annexstad has a fortune of $7.0 million. [5]
Annexstad is a member of Asker municipal council, representing the Conservative Party. [6] He was elected in 2007; when he was nominated for the ticket the local newspaper described this as a "surprise". [7]
As of 2007 he was the wealthiest politician in the municipalities Asker and Bærum, ahead of businessman and fellow Conservative representative Leif Frode Onarheim. [8]
Stein Holst Annexstad (born 1944) is a Norwegian businessperson and politician for the Conservative Party.
He has worked in Dyno Industrier, Nycomed and Hafslund Nycomed. [1] He is the chairman of the board of Investinor (formerly known as Statens Investeringsselskap), whose task is to invest in fledgling Norwegian companies, through a 49% ownership. This public investment fund has an initial capital of about $300 million. [2] In addition, Annexstad has been a member of the board of SINTEF, Biotec Pharmacon, Algeta, Cermaq, SensoNor, Fokus Bank and the Norwegian School of Management. [1]
In 2005 controversy surrounded Annexstad, as he, Trond Wennberg and Jan Gunnar Hartvig were paid a total of $8 million in fees from the investment fund Norgesinvestor 2, despite the fund having low proceeds in general. Smaller investors had earned far lower proceeds. [3] According to the newspaper Dagens Næringsliv, the three had earned $18.5 million from 1996 to 2004, from an initial capital of $250,000. [4]
Annexstad has a fortune of $7.0 million. [5]
Annexstad is a member of Asker municipal council, representing the Conservative Party. [6] He was elected in 2007; when he was nominated for the ticket the local newspaper described this as a "surprise". [7]
As of 2007 he was the wealthiest politician in the municipalities Asker and Bærum, ahead of businessman and fellow Conservative representative Leif Frode Onarheim. [8]