Nicolai Tangen Reappointed for Another Term as Wealth Fund CEO
COPENHAGEN (Reuters) - Nicolai Tangen has been appointed to a second term as CEO of Norway's vast sovereign wealth fund, the central bank said on Tuesday.
Tangen, 58, who became the fund's CEO in September 2020 for a five-year period, said in November he would seek a new term as chief executive of the sovereign wealth fund as he felt the job was not yet done.
"Nicolai Tangen is highly experienced with in-depth insight into international investment management," central bank Governor Ida Wolden Bache said in a statement.
The $1.8 trillion sovereign wealth fund, the world's largest, invests the proceeds of the Norwegian state's oil and gas revenues in foreign bonds, stocks, property and renewable projects.
(Reporting by Stine Jacobsen, editing by Anna Ringstrom and Terje Solsvik)
