Stein H. Annexstad

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Stein Holst Annexstad (born 1944) is a Norwegian businessperson and politician for the Conservative Party.


He has worked in Dyno Industrier, Nycomed and Hafslund Nycomed.[1] He is the chairman of the board of Investinor (formerly known as Statens Investeringsselskap), whose task is to invest in fledgling Norwegian companies, through a 49% ownership. This public investment fund has an initial capital of about $300 million.[2] In addition, Annexstad has been a member of the board of SINTEF, Biotec Pharmacon, Algeta, Cermaq, SensoNor, Fokus Bank and the Norwegian School of Management.[1]

In 2005 controversy surrounded Annexstad, as he, Trond Wennberg and Jan Gunnar Hartvig were paid a total of $8 million in fees from the investment fund Norgesinvestor 2, despite the fund having low proceeds in general. Smaller investors had earned far lower proceeds.[3] According to the newspaper Dagens Næringsliv, the three had earned $18.5 million from 1996 to 2004, from an initial capital of $250,000.[4]

Annexstad has a fortune of $7.0 million.[5]


Annexstad is a member of Asker municipal council, representing the Conservative Party.[6] He was elected in 2007; when he was nominated for the ticket the local newspaper described this as a "surprise".[7]

As of 2007 he was the wealthiest politician in the municipalities Asker and Bærum, ahead of businessman and fellow Conservative representative Leif Frode Onarheim.[8]


  1. ^ a b Board of directors of Investinor[permanent dead link]
  2. ^ Nilsen, Sverre Rørvik (27 March 2008). "2,2 milliarder kroner tilgjengelig". Hegnar Online (in Norwegian). Retrieved 23 November 2008. 
  3. ^ "Forvalternes fondsfest". Dagens Næringsliv (in Norwegian). 17 October 2005. Retrieved 23 November 2008. 
  4. ^ "Investorer raser mot høye honorarer". Dagens Næringsliv (in Norwegian). 31 May 2005. Retrieved 23 November 2008. 
  5. ^ Tax lists of Norway, 2007
  6. ^ Brevik, Christian (11 September 2007). "Disse er klare for Asker kommunestyre". Budstikka (in Norwegian). Archived from the original on 17 September 2007. Retrieved 23 November 2008. 
  7. ^ Myklebust, Vidar Ryther (25 November 2006). "Skal score for Høyre". Budstikka (in Norwegian). Archived from the original on 10 August 2007. Retrieved 23 November 2008. 
  8. ^ Moe-Winther, Sivert (16 October 2008). "48 millioner på bok". Budstikka (in Norwegian). Archived from the original on 19 October 2008. Retrieved 23 November 2008.