Torvild Aakvaag

Torvild Aakvaag (27 January 1927 – 9 April 2020) was a Norwegian businessperson.^[2]

Torvild Aakvaag
Born	(1927-01-27)27 January 1927
Died	9 April 2020(2020-04-09) (aged 93)[1]
Nationality	Norwegian

He was born in Bærum, and was a cand.jur. by education. He was employed in the Norwegian Ministry of Foreign Affairs from 1951 to 1956, but left for a career in Norsk Hydro. He was promoted to head of the judicial department in 1967, and head of the petroleum department in 1970. He advanced to become assisting director-general in 1977, and director-general (CEO) in 1984.^[3] He succeeded Odd Narud.^[4] He stayed in this position until 1991; after this he was chairman of the board from 1992 to 1997.^[3] He has also been a board member of Orkla Borregaard, Storebrand and Nobel Industrier, and chaired Hydro Aluminium and Korn- og Foderstof Kompagniet.^[5]

He was decorated as a Commander of the Royal Norwegian Order of St. Olav in 1989.^[6]

At the time of his death, he had a reported net worth of NOK 42 billion (£3 billion) through privately held asset vehicles and left the vast majority of his fortune to his grandson, Magnus Aakvaag.

References

1. "Tidligere Hydro-sjef Torvild Aakvaag er død". E24.no (in Norwegian). 14 April 2020. Retrieved 14 April 2020.
2. "Torvild Aakvaag". Store norske leksikon (in Norwegian). 3 November 2017. Retrieved 20 February 2018.
3. Henriksen, Petter, ed. (2007). "Torvild Aakvaag". Store norske leksikon (in Norwegian). Oslo: Kunnskapsforlaget. Retrieved 22 August 2009.
4. Ørjasæter, Elin (12 January 2009). "Kong Reiten ansetter tronfølger". E24 Næringsliv (in Norwegian). Retrieved 24 August 2009.
5. De Lange, Grete; et al. (30 January 1988). "Tøffere tider for styrene". Aftenposten (in Norwegian). p. 5.
6. Stavrum, Gunnar. "Torvild Aakvaag". In Helle, Knut (ed.). Norsk biografisk leksikon (in Norwegian). Oslo: Kunnskapsforlaget. Retrieved 22 August 2009.

Business positions
Preceded by Odd Narud	Director General of Norsk Hydro 1984–1991	Succeeded by Egil Myklebust