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The Power to Adapt: Building One of the World’s Largest Renewable-Power Producers

An Interview with Statkraft CEO Christian Rynning-Tønnesen
August 31, 2011
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In This Interview
Christian Rynning-Tønnesen

Career Highlights

1984–1985, researcher, SINTEF

1985–1989, refinery analyst and product coordinator, Esso Norge

1989–1992, consultant and energy specialist, McKinsey Norge

1992–2005, director of strategic planning, director of supply Northern Europe, market director, executive vice president strategy, and executive vice president economy and finance, Statkraft

2005–2010,  CEO and CFO, Norske Skog

2010–present, CEO, Statkraft

 

Twenty years ago, the Norwegian hydropower company Statkraft observed that sustainability was emerging as a global megatrend. It embarked on a strategy to expand into renewable energy in markets around the world, building on its existing know-how in hydropower. Now Statkraft is one of the largest renewable-power producers in the world.

How did a state-owned company focused on supplying power to the domestic Norwegian market make such a risky strategy a success?

In an interview with Michael S. Hopkins of MIT Sloan Management Review and BCG’s Knut Haanæs, Statkraft CEO Christian Rynning-Tønnesen looks back on the analytical capabilities, management style, and organizational structures that allowed the company to adapt in line with its chosen strategy.


Read the full interview.