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In a meeting that lasted up to five hours on Wednesday, Central Bank Governor Øystein Olsen reported on the appointment of billionaire Nicolai Tangen (53) as the new manager of oil funds.
– The Supervisory Board has received a statement from the Governor, but there are some questions that we have not answered. They will be sent and then asked to receive a written response from the Executive Board. When received, the Supervisory Board will meet again and continue to work, committee chairwoman Julie Brodtkorb tells VG.
The extraordinary gathering and presentation comes after the disclosure of Tang’s ties to the peaks of the key community and his “dream seminar” in the United States last year. The Manager of the Oil Drainage Fund Yngve Slyngstad was one of the participants in the seminar.
– What the Supervisory Board thinks about the responses we have received today, it is natural to respond when we have a complete overview, says Brodtkorb.
– What kind of questions did the Governor ask?
– It was about Tangen’s hiring process, and it was about the current boss’s participation in the seminar, she says.
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MANAGER: Julie Brodtkorb, chair of the standing committee of the Norges Bank Supervisory Board, as she left the meeting. Photo: TORE KRISTIANSEN, VG
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The Supervisory Board oversees the operation of Norges Bank and the oil fund, among other things, and that the rules for the business are followed.
– We have full confidence in the governor of the Øystein Olsen bank, says Brodtkorb.
– Do you trust the hiring process that led Nicolai Tangen to get the job?
– The Supervisory Board is an oversight, and it is the Supervisory Board as a whole that handles the matter. It has not been finalized, it will be discussed in several other meetings.
Wednesday’s extraordinary meeting was convened by the standing committee of the Norges Bank Supervisory Board on Tuesday. The fact that the case has been brought before the supervisory body of Banco Norges, actually means that a large group of politicians will handle the case.
These are on the Supervisory Board:
Organized “dream seminar”
Over the weekend, VG revealed how more than 30 Norwegian social peaks participated in November of last year. A three-day seminar in Philadelphia. Tangen informed VG that he had planned the seminar for two years. In March, it was announced that he will be the new head of the Petroleum Fund.
The program has received harsh criticism from various teams. Jørn Eggum, head of LO’s largest private sector association, questions the judgment of key community stakeholders who participated.
LO-top: – Pliers have to give up or end
NEW CEO: Nicolai Tangen for the Petroleum Fund. Photo: Nina E. Rangoy
Tangen, introduced in March this year as the new head of the Norwegian Petroleum Fund, hired two private jets and covered hotels, food and beverage and entertainment for many of the nearly 150 participants.
Several community leaders attended the seminar, including former Oil Fund Manager Knut Kjær, Prime Minister Torbjørn Røe Isaksen (H), and Government Prosecutor Fredrik Sejersted. VG has written about how the social peaks of the trip were set as references for Tangen.
Also read: Norges Bank to pay for Slyngstad stay at Tangen seminar
CENTRAL BANK MANAGER: Øystein Olsen. Photo: Mattis Sandblad, VG
