Under his leadership, the value of the Petroleum Fund has exceeded 10,000 billion Norwegian kroner. His last working day as head of the fund was in 2020.
– All the stars are right .. Was the response of the director of the oil fund to the reason for his resignation?
Now it appears that the “stars” have led him to Aker’s company for Kjell Inge Røkke.
At Aker, he will lead Aker Asset Management, Aker’s investment business.
Aker and Aker Horizons have worked together to develop opportunities within Active Asset Management and have made significant strides in a short time. Yngve Slyngstad is a leading active asset management company, with impressive results, stated in a press release quoting CEO Øyvind Eriksen at Aker and CEO Kristian Røkke at Aker Horizons.
Sorry for the bad judgment
When Slingstad came out with the news of his retirement in 2019, he was praised for his efforts with the fund. Under Slingstad’s leadership, the oil fund has experienced exponential growth.
When Nicolai Tangen was announced as Slyngstad’s successor in 2020, Slyngstad had to apologize for the misjudgment after a private event with the new captain.
Slingstad regretted that he took a private jet home from Nikolai Tangin’s seminar.
He had recently announced that he would resign as head of the Petroleum Fund when he attended the “Back to University” symposium. As Tangen’s guest, he covered meals and accommodations and also traveled on Tangen’s luxury private jet.
– It did not align with our humble profile. A lack of good judgment and a classic example of how not to be a professional, despite all my years of experience and care, was written in an internal letter when the news became known.
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