Enova CEO Nils Kristian Nakstad to Step Down After 18 Years

Nils Kristian Nakstad, the long-time CEO of Enova, Norway’s state-owned energy company, will be leaving his position in the first quarter of the year. This decision was made jointly by Nakstad and the Enova board.

Nakstad, 63, has led Enova for 18 years.In a press release, Enova stated that Nakstad believes it’s the right time to make way for new leadership. “It has been an exciting and challenging year. At the same time, senior managers must know when it is right to release new forces,” Nakstad said.

The Enova board has begun the search for Nakstad’s replacement. he will remain available as an advisor to the company until July to ensure a smooth transition.

Enova plays a crucial role in Norway’s energy transition, supporting projects focused on renewable energy and energy efficiency. The change in leadership comes at a key moment as Norway continues to invest in enduring energy solutions.