Trond Ødegård Westlie

Career

1. 2024-04 – now
   Ørstedsrc
   EVP and Group Chief Financial Officer; Executive Board member
2. 2019-10 – 2024-03
   Non-executive rolessrc
   Chair of Arendals Fossekompani ASA (from 2022 per WS-ms); board member of the Wilhelmsen group
   The 2024 CV lists these as current non-executive posts and no executive role after VEON
3. 2017-10 – 2019-09
   VEON Ltd. (Amsterdam; NASDAQ and Euronext listed)src
   Group Chief Financial Officer
   Joined 2017-10-02 and took up CFO duties 2017-11-09 (VEON-20F-2017). Announced 2019-06-28 that he would step down at the end of September 2019 (VEON-6K-2019)
4. 2010 – 2016
   A.P. Moller-Maersksrc
   Group CFO, EVP and member of the Executive Board
   '2010 through 2016' per VEON-20F-2017; January 2010 to December 2016 per WS-ms
5. 2005 – 2009
   Telenor ASAsrc
   Group CFO and EVP
6. 2004 – 2005
   Telenor ASAsrc
   VP Finance & M&A
7. 2002 – 2003
   Aker Kvaernersrc
   Group CFO and EVP
8. 2000 – 2002
   Aker Maritimesrc
   Group CFO and EVP
9. 1998 – 2000
   Aker RGIsrc
   EVP Business Development

Not located: October 2019 to March 2024: no executive role in any source read, only board posts; 2003-2004 between Aker Kvaerner and Telenor not described

Achievements

• Group CFO at five listed companies: Aker Maritime, Aker Kvaerner, Telenor (2005-2009), A.P. Moller-Maersk (2010-2016) and VEON (2017-2019)src
• VEON's release on his exit credited him with professionalising its finance function, and with the sale of its Italian business and the settlement of GTH's tax liabilities during his tenuresrc
• Ørsted CFO through the October 2025 DKK 60bn rights issue, 50.1% taken up by the Danish state, and the divestment programme that raised about DKK 46bn against a target of over DKK 35bnsrc
• Ørsted's 2025 profit was DKK 3.2bn, DKK 3.2bn more than in 2024, and ROCE adjusted for impairments and cancellation fees was 8.4%src

Education

• NHH Norwegian School of Economics, MSc Auditingsrc

Background

• Family None of the sources read has a family-relationship statement, and none was disclosed. The Ørsted annual report governance section was out of reachsrc
• Other Norwegian. A career finance executive who moved between industries (offshore engineering, telecoms, shipping, energy), mostly as group CFOsrc
• Boards Chair of Arendals Fossekompani ASA, a Norwegian industrial investor in green-transition technology, and board member of the Wilhelmsen group, as of February 2024src
• Boards Vice Chairman of Danske Bank's board, signing as such in January 2016. Search data puts the seat at April 2012 to April 2017src
• Boards Sat on VEON's Supervisory Board and chaired its audit and risk committee from July 2014 to August 2016, then returned as Group CFO in 2017. He was paid EUR 122,554 for his 2016 board servicesrc