Jannik Lindbæk
Encyclopedia
Jannik Lindbæk is a Norwegian banker and businessperson.
as a son of banker Jannik Lindbæk, Sr. (1906–1966) and chief physician Ellen Margrethe Lund. His aunt was journalist and war correspondent Lise Lindbæk
, and he was a great-grandson of Elise Aubert In December 1963 he married teacher Grete Schjøttelvig.
his secondary education in Oslo and earned a siv.øk.
degree from the Norwegian School of Economics in 1961. He later received a Fulbright scholarship to continue his business studies for one year at the University of Kansas
. In 1962 he was hired in Vesta, where his father also worked. He quickly advanced through the ranks and became vice chief executive. In 1975 he was hired as chief executive officer in Storebrand
, later Storebrand-Norden. Lindbæk's predecessor and later chairman, Gustav Aarestrup
, was pressured out of the company in 1982, and Lindbæk resigned for unclear reasons in 1985.
Lindbæk became head of the Nordic Investment Bank
in Finland in 1986, overseeing hundreds of millions in loans to develop the economies of the five countries that own the bank: Denmark, Finland, Iceland, Norway, and Sweden. He was executive vice president of the International Finance Corporation
in Washington, DC from 1994 to 1999.
He then returned to Norway in order to work with different boards of directors. He chaired Den norske Bank
from 1999 to 2003, and was the last chair of Statoil
until 2007 when it merged to create StatoilHydro
. He also chaired Bergen International Festival
, the Norwegian branch of Transparency International
and the Norwegian branch of Plan International.
Personal life
He was born in OsloOslo
Oslo is a municipality, as well as the capital and most populous city in Norway. As a municipality , it was established on 1 January 1838. Founded around 1048 by King Harald III of Norway, the city was largely destroyed by fire in 1624. The city was moved under the reign of Denmark–Norway's King...
as a son of banker Jannik Lindbæk, Sr. (1906–1966) and chief physician Ellen Margrethe Lund. His aunt was journalist and war correspondent Lise Lindbæk
Lise Lindbæk
Lise Lindbæk was a Norwegian freelance journalist and foreign correspondent, and writer of several books. She is commonly regarded as Norway's first female war correspondent.-Personal life:...
, and he was a great-grandson of Elise Aubert In December 1963 he married teacher Grete Schjøttelvig.
Career
Lindbæk finishedExamen artium
Examen artium was the name of the academic certification conferred in Denmark and Norway, qualifying the student for admission to university studies. Examen artium was originally introduced as the entrance exam of the University of Copenhagen in 1630...
his secondary education in Oslo and earned a siv.øk.
Siviløkonom
Siviløkonom is an academic degree issued within the field of business administration and economics and a professional title in Norway , obtained after 5 years of studies...
degree from the Norwegian School of Economics in 1961. He later received a Fulbright scholarship to continue his business studies for one year at the University of Kansas
University of Kansas
The University of Kansas is a public research university and the largest university in the state of Kansas. KU campuses are located in Lawrence, Wichita, Overland Park, and Kansas City, Kansas with the main campus being located in Lawrence on Mount Oread, the highest point in Lawrence. The...
. In 1962 he was hired in Vesta, where his father also worked. He quickly advanced through the ranks and became vice chief executive. In 1975 he was hired as chief executive officer in Storebrand
Storebrand
Storebrand is a financial services company in Norway. By volume, the company's main activities are related to life insurance and pension savings. However, the company also has major divisions working on investments, banking and, since 2006, P&C insurance products...
, later Storebrand-Norden. Lindbæk's predecessor and later chairman, Gustav Aarestrup
Gustav Aarestrup
Gustav Nicolay Aarestrup was a Norwegian businessperson. He was both CEO and board chairman during his career in Storebrand.-Early life:...
, was pressured out of the company in 1982, and Lindbæk resigned for unclear reasons in 1985.
Lindbæk became head of the Nordic Investment Bank
Nordic Investment Bank
The Nordic Investment Bank is an international financial institution founded in the mid-1970s by the five Nordic countries: Denmark, Finland, Iceland, Norway and Sweden. In 2005, Estonia, Latvia and Lithuania became members of the Bank. NIB’s headquarters are located in Helsinki, Finland...
in Finland in 1986, overseeing hundreds of millions in loans to develop the economies of the five countries that own the bank: Denmark, Finland, Iceland, Norway, and Sweden. He was executive vice president of the International Finance Corporation
International Finance Corporation
The International Finance Corporation promotes sustainable private sector investment in developing countries.IFC is a member of the World Bank Group and is headquartered in Washington, D.C., United States....
in Washington, DC from 1994 to 1999.
He then returned to Norway in order to work with different boards of directors. He chaired Den norske Bank
Den norske Bank
Den norske Bank or DnB was a Norwegian bank that existed between 1990 and 2003 when it merged with Gjensidige NOR to form the present DnB NOR...
from 1999 to 2003, and was the last chair of Statoil
Statoil
Statoil ASA is a Norwegian petroleum company established in 1972. It merged with Norsk Hydro in 2007 and was known as StatoilHydro until 2009, when the name was changed back to Statoil ASA. The brand Statoil was retained as a chain of fuel stations owned by StatoilHydro...
until 2007 when it merged to create StatoilHydro
StatoilHydro
Statoil ASA, trading as Statoil and formerly known as StatoilHydro, is a Norwegian energy company, formed by the 2007 merger of Statoil with the oil and gas division of Norsk Hydro. The Government of Norway is the largest shareholder in Statoil with 67% of the shares...
. He also chaired Bergen International Festival
Bergen International Festival
Bergen International Festival is an annual international music and cultural festival in Bergen, Norway. The festival is the largest in the Nordic countries in its genre and has a large number of activities in music, dance, literature, visual arts, folklore etc...
, the Norwegian branch of Transparency International
Transparency International
Transparency International is a non-governmental organization that monitors and publicizes corporate and political corruption in international development. It publishes an annual Corruption Perceptions Index, a comparative listing of corruption worldwide...
and the Norwegian branch of Plan International.