Öystein Löseth will take over as Vattenfall's new Chief Executive next year

New Vattenfall CEO Appointed

The state run Swedish power group Vattenfall has appointed 51 year old Öystein Löseth as its new chief executive. He replaces the outgoing CEO Lars G Josefsson who has received strong criticism from the government over a string of controversies, including reported plans to sell off part of the Swedish electricity grid and invest in the building of nuclear power plants in the UK. Vattenfall said Josefesson would retire next year, when Löseth will take over, and denied that his retirement had been brought forward because of the recent controversies.

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