Rune Damm

Chief Financial Officer at North Energy ASA
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Contact Information
Location
Oslo, Oslo, Norway, NO
Languages
  • English Full professional proficiency
  • Norwegian Native or bilingual proficiency

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Experience

    • Oil and Gas
    • 1 - 100 Employee
    • Chief Financial Officer
      • Jan 2022 - Present

    • Finance Manager
      • Dec 2015 - Mar 2022

    • Chief Financial Officer
      • Sep 2014 - Nov 2015

      The company is second in the Norwegian market for sale of refined oil products both to the B2C and the B2B segment. Yearly turnover around 18 bln NOK.Member of the management team and responsible for a team of 22 individuals working with external and internal reporting, internal controls, business controlling and procurement.Performed M&A activities like valuations and demergers. Activities to prepare the company for sale, including financing issues.Responsible for the year end reporting including external audit.Internal and external reporting according to IFRS and NGAAP.As of October 2015 the company has been acquired by St1 Nordic Oy. Show less

    • Country Controller Downstream
      • Nov 2005 - Aug 2014

      Managing the finance function within the downstream sector of the company. Member of the leadership team for Controllers at a regional level.Several years of experience with offshoring activities to shares service centers abroad. Includes amongst other Management Information and group reporting.Responsible for corporate finance activities as statutory reporting, internal reporting and internal controls.M&A activities like acquisitions and mergers.

    • Commercial Finance Manager
      • Feb 2005 - Oct 2005

      Responsible for the Controller activities for the Commercial Fuels business, including business performance, cost control, budgeting and various analysis.Board member in a subsidiary dealing with heating oil as a reseller.

    • Corporate Finance Manager
      • Dec 2001 - Jan 2005

      Manager of the corporate finance department with responsibility for monthly reporting of segmented results, balance sheet and cash flow for the company.Implemented improvements in the process of allocations of costs and closing balances. Implemented new and improved reporting of financial information to the businesses within the downstream sector.Participated in the implementation of SAP in the Nordic countries.Participated in the implementation of SAP and accounting processes in a new subsidiary. Show less

    • Corporate Controller
      • Aug 1999 - Nov 2001

      Developing and responsible for implementing a new template for budgeting at a company level on the Shell group format.Accounting and reporting using the ERP-system JD Edwards.Responsible for implementation of a new standardized tool for Management Information reporting.

    • Financial Controller
      • Dec 1996 - Jul 1999

      Creation of a new subsidiary of A/S Norske Shell. Controller activities like monthly reporting, reconciliation and valuation of inventories. Responsible for budgeting and financial reporting.Implementation of SAP for the Chemicals business in the Nordic countries.

    • Project Accountant
      • Aug 1994 - Nov 1996

      Project Accountant on the Troll oilfield development project.Cost control for selected part of the project, including the management. Control of suppliers invoices, accruals and monthly reporting.Disbursement controller activities for the total project.

Education

  • BI Norwegian Business School
    MSc degree, Master of Management
    1995 - 1998
  • BI Norwegian Business School
    Bachelor's degree, Economics
    1990 - 1994
  • Gimle Videregående
    1985 - 1988

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