New head of business group

Jens Ulltveit-Moe, 58, has been named president of the Confederation of Norwegian Business and Industry, succeeding Leif Frode Onarheim.

The organisation is an umbrella group representing most major Norwegian-based corporations as well as many smaller ones. In addition to helping to set the political agenda in Norway, the NHO acts as chief negotiator for employers in salary negotiations with unions. "My main duty as NHO president will be working to secure long-term value creation in the country," said Ulltveit-Moe. "That work must begin today - we can't wait till the oil wells go dry." He recently sold his company Umoe Olje og Gass to ABB, but remains the head of Ulltveit-Moe Gruppen. He is an economist with a Master of International Affairs from Columbia University in New York City.