Membership Guide 17-18 Developing Norwegian-American Business Relations 2

Membership Guide 17-18 developing norwegian-american business relations 2

Bringing science and imagination together 3

Contents American Chamber of Commerce in Norway Letter from Jonas Gahr Støre 5 Letter from Jim DeHart 6 Transition is at the forefront of AmCham member agendas – not only in terms of the evolving US administration and the coming Letter from the Chairman 8 Norwegian election – but also in international business practices. Board of Directors 9 Focusing particularly on outlooks for the Norwegian Continental Developing Norwegian-American Business Relations 10 Shelf; mergers and acquisitions; companies at the forefront of AmCham Network 14 green technologies; and education, this AmCham Membership Membership 15 Guide aims to provide insight and knowledge into current industry Transition in the Energy Sector: 16 challenges, opportunities and advancements – both domestically Change on the Norwegian Continental Shelf and abroad. Mentorship Program 17 Digital Transition Challenges: The Future of the Labor Market 18 AmCham has made every effort to ensure the accuracy of the information in this publication – and accordingly apologizes Committees 20 for any errors or omissions. We warmly thank both article and Key US & Norway Employment Figures 24 advertisement contributors for making this publication possible. How Foreign Multinationals Boost Norwegian Competence 26 and Businesses Spearheading the Green Transition 28 AmCham Members 31 Communication Initiatives 34 Golf Tournament 35 Sponsorship and Profiling Opportunities 36 Year in Review 38 Patron Members 41 Digitalization Forum 49 AmChams in Europe US Conference 50

Managing Editor: Didrik Ottesen Layout: Melkeveien Designkontor AS. Printing: Rolf Ottesen AS. Lille Grensen 5, 0159 OSLO, Norway Tel: +47 22 41 50 10, [email protected] - www.amcham.no

Photo: Nancy Bundt 4

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Norway and US: A Partnership with Great History and Opportunities

Between 1820 and 1920, close to 800 000 Norwegians immigrated technology in many areas, to the US, more than 40% of our population at the time. This is such as the Health Sector where the story starts, with people. We share core values and (eHealth). We will adapt and aspirations. The large number of connections between our renew the Norwegian model, governments, companies, cultural and research institutions, to meet the opportunities and individuals; is a wide web that form a strong bond between that technological change our two countries. presents. In a cooperative It may be construed as an unequal partnership. Norway is a effort between government, small country on account of the size of our population. However, business and labor, I intend in some areas we are big. to spearhead an educational From the time of Leiv Erikson until today, our coastline and and competence reform that our ocean has been a defining element in the history of Norway. provides new models of ed- Most of our value creation stems from marine and maritime ucation for lifelong learning. industries, and hydropower. They form industry clusters that, Norway has an open Photo: Arbeiderpartiet Pål Laukli together with world class knowledge centers, are a backbone of economy and we strongly our economy. We are a maritime, energy and technology nation believe in free trade based on a level playing field and rules that with a large potential for increased value creation in the future. apply to all. Trade and investments between Norway and the US The ocean within Norway`s economic zone is seven times have served us both well, creating value, and contributing to larger than our land mass. More of the world`s food production employment and prosperity. has to come from the sea in the future and there are great While US investments in Norway amount to close to 40 billion opportunities related to production of clean energy, such as dollars, Norway invests in the US to the tune of over 30 billion offshore windpower. Our core competencies combined with new dollars. Norwegian companies are present in a wide range of technology opens for harvesting new resources and developing sectors, such as shipping, consulting, energy and defense, new products related to the ocean. I have as a goal that we will medical and creative industries, and design and architecture. develop and implement an ambitious Ocean Strategy, that will These companies contribute to growth, innovation, employment boost value creation and create new industries in Norway. and taxes in communities all over the US. Prudence is a defining feature of governance in Norway. A recent report from the Norwegian Embassy in Washington The Norwegian Sovereign Wealth Fund now has a total value of shows that Norwegian companies and investments support 470 000 approximately 900 billion dollars. Norway`s Government Pension jobs in the United States. If we include indirect employment, such Fund Global has placed more than 1/3 of its investments in the as subcontracting and economic development, the number is US, and invest extensively in American companies. The fund owns close to one million. almost 1% of all stocks publically traded in the US. The US is our strongest ally, where the anchor in NATO is of I believe Norway is an attractive partner. We enjoy a high paramount importance. Norway will do its share to contribute to standard of living and are ranked at the top in measures of our common security. The Norwegian Parliament has decided employment, gender equality, productivity and adaptability. Our that over the next eight years, Norway will procure up to 52 small, open and social market economy has performed well, F-35 fighter aircrafts from US factories; the largest Norwegian with stable growth through changing business cycles. We have a procurement ever. highly competent and skilled workforce, where relations between The opportunities are great. I am pleased that the American employees and employers are characterized by cooperation and Chamber of Commerce is here bringing our partnership further, a high level of trust. to the benefit of both the US and Norway. I wish you all the best At the threshold of what has been termed the fourth industrial in this important endeavor. Jonas Gahr Støre revolution, these traits will be an asset. Norway is well placed to leader of the norwegian labor party become a leading nation in the development and application of new 6

Dear Members of AmCham

At your Transatlantic Assembly in April, I was privileged to speak deals like NAFTA, as the together with Foreign Minister Børge Brende and a panel of administration seeks to prominent AmCham members. At that event, I expressed my institute a system of free confidence that the U.S.-Norway partnership will thrive during and fair trade that safe- the new U.S. administration. Ours is a relationship based on guards American workers deep historical ties, shared values, and a common approach to and American companies. solving problems around the world. Norway’s global contributions The United States will through diplomacy, defense, and development are impressive, continue to work with and they are well recognized at the highest levels of the U.S. Europe to increase trans- Government. The foundation of our bilateral relationship is as atlantic commerce while strong as it has ever been. ensuring compliance with We have experienced significant changes this year at the United trade laws, strengthening States Embassy in Oslo. On May 15, we opened for business in the competitiveness of U.S. a beautiful new Embassy building in Huseby. Although it was industry and maintaining the highest labor, environmental, and not easy to leave our old downtown location, our modern new consumer protection standards. Here in Oslo, we have engaged Embassy is much better equipped for our daily operations and in policy discussions on a wide range of topics connected to the for providing consular services to Norwegians and Americans new digital economy: big data analytics, eCommerce, privacy, alike. The only thing missing from our new building is a new intellectual property rights, copyright, the sharing economy and Ambassador, who we hope will arrive soon. In this time of more. The Embassy has also worked actively with AmCham and transition, the work of AmCham is as important as ever. I thank its members to resolve lingering non-tariff trade barriers, for AmCham’s great leadership and members for facilitating an open example, in government pharmaceutical procurement. Through and productive relationship with our Embassy, and I propose cross-border collaboration, the Embassy coordinates a Commerce that we re-dedicate ourselves to this important collaboration. Health IT working group in Europe with a range of new initiatives. The U.S. Embassy is committed to advancing opportunities This is an area of growing importance for both Norway and the for American business in Norway and for Norwegian investors United States, with large-scale potential for cost savings and in the United States, facilitating partnerships and enhancing productivity improvements. understanding of our policies. The bilateral trade and investment Norway has in recent years emerged as one of the ten fastest relationship has always been mutually beneficial, with Norway’s growing sources of foreign direct investment in the world’s leading industries creating opportunities for U.S. companies. largest economy. In June, Commerce Secretary Ross will host Meeting with business leaders across Norway -- from young the 2017 SelectUSA Investment Summit for foreign firms and technology start-ups in Trondheim to the energy giants of investors interested in establishing or expanding their business Stavanger -- I have come away impressed with the closeness in the United States. I encourage you to contact the Embassy’s of U.S.-Norwegian cooperation and the interest in doing more U.S. Commercial Service section if you are interested in joining together. We see emerging opportunities in sectors such as the the delegation. digital economy, transportation, defense and aerospace, advanced In all of these areas, we welcome your views. I look forward manufacturing, and health IT, to name just a few. to continuing our work together with AmCham to strengthen the Our new U.S. administration has emphasized the creation and trade and investment partnership between the United States and preservation of American jobs. Secretary of Commerce Wilbur Ross Norway. For more information on the U.S. administration, the U.S. is already working to realize the imperative put forth by Benjamin Embassy and our initiatives, please visit: https://no.usembassy.gov Franklin that is etched on the side of the Commerce Department building in Washington, D.C. It reads, quote, “Commerce among Sincerely, nations must be fair and equitable.” Toward this end, President Jim DeHart Trump has announced efforts to rebalance and renegotiate trade chargé d’affaires 7 Highlights 2016–2017

Photo: Nancy Bundt

Bjørn Fuglaas, General Manager Norway, GE Healthcare, addresses the crowd at our Arendalsuka event. AmCham is present at the SelectUSA delegation. Ambassador’s reception where Dilek Ayhan, State Secretary of the Ministry of Trade posed with Ambassador Samuel D. Heins, AmCham Chairman Pål Rokke and Managing Director Jason Turflinger, after discussing transatlantic trade. Minister of Transport and Communication, Ketil Solvik-Olsen, addresses 1200 AmCham US Election Night guests. 8

Message from the Chairman

Dear Members and Friends,

As Chairman of AmCham, I am proud than what we have experienced during the last to say that our performance over few decades. the past year has been very solid. In an economic environment with This is not lost on AmCham or our forward strategic limited economic growth we are on planning. a solid footing and upward trajectory on behalf of members. Over the coming year, there will be more emphasis on how US and international companies increasingly Throughout the year, AmCham carries contribute to the Norwegian economy. out a wide array of business services for our 230 member companies, representing 23 Additionally, there will be strengthened efforts various industry groups doing business across for a renewed US-Norway tax treaty, thoughtful Norway and the US. deliberation on an eventual US-Norway trade agreement, increased pro-trade communications and We have engaged the Norwegian and US govern- dialogue, and emphasis on the merits of increased ments on a number of issues important to members; digitalization across industries and in society. we have hosted thousands of guests and multiple top-tier speakers at our events large, and small. During our Annual General Meeting and Transatlan- tic Assembly, Foreign Minister Børge Brende under- We have serviced a growing number of business scored just how important Norwegian investment is facilitation requests from members and external for the US economy. This growing chorus, and other partners, we have spoken publicly at partner forums key initiatives, are carefully aligned by our Board on behalf of transatlantic commercial interests, and staff and are the result of ongoing interaction we have initiated new value-added programs and with our members. I therefore sincerely encourage publications for members, and we have increasingly you to maintain an active level of engagement with reached out to the media where appropriate. us. You set our pro-business agenda!

All of this – and more – has been done while keeping Finally, I would like to take this opportunity to to our financial guidelines and on behalf of, or for, thank my fellow dedicated Board members for our members. their above-and-beyond support of the US-Norway business relationship. Together with Jason, Ben and Looking ahead, our focus on transition best describes Didrik in our administration, we have an excellent the current state of transatlantic affairs. With a new foundation to address challenges and opportunities US administration, a changing Norwegian economy that lie in the year ahead! Pål Rokke and the coming national elections – businesses across the board face more political uncertainty chairman 9

Board of Directors

Mr. Pål Rokke Mr. Andreas Berg Ms. Kristine Beitland Chairman First Vice Chairman Second Vice Chairman Citi Norway MSD Norge Microsoft Norge

Mr. Michael Klem Mr. Vidar Keyn Treasurer Liaison Fast Accounting US Embassy

Ms. Erika Ahlqvist Ms. Kathryn M. Baker Mr. Bjarte Bogstad Director Director Director Sapa Bull & Co. Advokatfirma

Mr. Per Hynne Ms. Elisabeth Jeffords Mr. Geir Christian Lysberg Director Director Director Coca-Cola Norge Roche Norge Carlson Rezidor Hotel Group

Mr. Morten Mauritzen Mr. Ketil Nordengen Director Director ExxonMobil Norway 3M Norge 10

Developing Norwegian-American Business Relations

What We Do The American Chamber of Commerce (AmCham) is a non-profit, independent business networking, information and assistance organization that works to develop Norwegian-American business relations and support companies actively investing in both countries. We are compromised of over 230 US, Norwegian and international member companies and are the leading arena for transatlantic business interest. AmCham is focused primarily upon event facilitation, member-to-member business assistance, and advocacy initiatives.

AmCham was formally constituted as a Norwegian business association in January, 1998. Its antecedents however, extend back to 1958 when the American Club was founded in Oslo. In 1999, AmCham and the Norwegian-American Chamber of Commerce (NACC Oslo) merged.

AmCham Norway is a member of a worldwide network of AmChams Picture taken at Grand Hotel. Photo: Nancy Bundt in more than 100 countries. Benjamin Kuban: Member Relations Manager Didrik Ottesen: Internship Program Project & Communications Consultant AmCham Norway offers a communication or business-based internship opportunity to a student or a recent graduate on a Jason Turflinger: rotating basis. Through this volunteer position, our interns are Managing Director an essential part of the AmCham team. Through this position, interns regularly interact with international company leadership teams and gain hands-on working experience within a growing organization.

If you would like to know more about the program, please contact us at [email protected]. Please indicate why you are interested in the position, when you are available and what you can bring to the AmCham team. RLSBERG ® • JA • YOURS TO SHARE

Jarlsberg® is based on a secret Norwegian recipe dating back to 1956. The combination of traditional cheese-making and modern technology gives the cheese an edge, appreciated by both world class and amateur chefs world-wide. Made from premium milk, Jarlsberg® has a sweet, mild and nutty taste. Known for its characteristic round holes and versatility – it works equally well in cooking as it does for snacking. Jarlsberg® turns your everyday dishes into culinary experiences. So why does it taste so good? Well, every legend has its mysteries, and this one is one of Norway’s most closely guarded secrets. So when you gather with family or friends to enjoy the fine taste of Jarlsberg®, you can invent a few legends of your own.

For inspiration and recipes please visit www.jarlsberg.com

Highlights

Photo: AmCham Denmark Photo: Gambit H+K

Photo: Nancy Bundt 13

Highlights

Photo: Nancy Bundt

Snapshots from events throughout the year, including visiting counterparts in Copenhagen, AmChams in Europe in the US, Arendalsuka, Foreign Minister Børge Brende at our AGM and Transatlantic Assembly and State Secretary Øystein Bø (MoD) discussing the High North.

Photo: Nancy Bundt 14

AmCham Network

Our broad network includes partnerships with:

United States Chamber Norwegian-American Chamber of US Commercial Service of Commerce Commerce The US Commercial Service is the trade AmCham Norway is a fully accredited Based in New York, the NACC has ser- promotion unit of the US Department member of the United States Chamber viced the Norwegian-American business of Commerce. Their mission is to help of Commerce, the largest business community for over 100 years. NACC US businesses get started in exporting association in the world. We work closely is active in nine major US business their products and services or increasing with the US Chamber on matters of areas and members include leaders of their sales and to promote and protect importance for our members doing Norwegian and American firms who are US commercial interest in Norway. business in the United States. successfully pursuing business in the dynamic Norway-US market.

AmCham Denmark AmCham Sweden AmChams in Europe AmCham Denmark is a non-profit, AmCham Sweden promotes US-Swedish Established in 1963, AmChams in Europe non-governmental business association trade and investment and US commercial serves as the umbrella organization for representing more than 230 member interests in Sweden and serves as the 44 American Chambers of Commerce companies actively investing in Denmark voice of American business in Sweden. (AmChams) from 42 countries throughout and the United States. As the voice for We promote policies and programs that Europe and Eurasia. In Europe we rep- international business in Denmark, support the Swedish-American business resent the interests of more than 17,000 AmCham is committed to building a community as well as international American and European companies competitive business environment trade and investment. www.amcham.se employing 20 million workers – account in Denmark, and to doing its part to for more than $ 1.1 trillion in investment minimize barriers to international trade. on both sides of the Atlantic. www.amcham.dk 15

Membership and Benefits

Who can join? Why Join? extensive and credible connections Membership is open to both major AmCham is about deriving the maxi- in the political and business arenas. corporations and small businesses that mum value and getting the most out You can use this network to connect, share a common interest in AmCham’s of your companies’ commitment to communicate and stay on top of specific mission. It is a company membership doing business in Norway and the US. issues that affect your business- and open to your management team. AmCham works to facilitate regular to be heard on those issues. Through and personal dialogue between our AmCham, companies work together members and key decision makers, to make a difference across borders voice members’ concerns and offers and sectors.

Patron Corporate

Unlimited executive-level company representatives on Up to three executive-level company representatives on AmCham’s mailing list AmCham’s mailing list

Invitation to all relevant AmCham events- including special Invitation to regular AmCham events Patron level gatherings Corporate profiling Priority treatment for profiling and information assistance Facilitation of member-to-member printed AmCham assistance when organizing corporate events communications (once annually)

Guidance of AmCham event and advocacy initiatives Company listing within annual Membership Guide

Facilitation of member-to-member printed communications Use of AmCham’s downtown Oslo conference room (four annually)

Enrollment in annual AmCham International Mentorship Program if desired

Notices within AmCham electronic communications (events, reports, special offers)

Regular profiling of company within AmCham publications

Unrestricted use of AmCham’s downtown Oslo conference room 16

Transition in the Energy Sector: Change on the Norwegian Continental Shelf

Decreasingly low prices – and debates related “The research shows that digitalization is a higher priority in to climate – have forced energy companies to Norway than globally, as new technologies top the list of expected implementations for 65%of Norwegian respondents.” rethink strategies and face challenges that looked highly improbable merely a few years ago. How “Increased digitalization will also help the industry meet future will the industry change in Norway? What are the demands, becoming robust and profitable,” Haugland says. biggest challenges and how will the Norwegian These are views are supported by Kreutz as well. Continental Shelf look in 2025? “The fact that we in Norway can produce oil and gas in a more environmentally friendly way, with as limited emissions as According to Morten Kreutz, SVP Global Energy at DNB, the possible, is undoubtedly an advantage in the years to come as Norwegian continental shelf is in many ways divided between it will be an essential condition to maintain a license to operate unwavering frameworks, high technological competence and in the future.” low political risk. Conversely, high cost levels are the primary challenge. “Digitalization is also a crucial factor in terms of keeping costs to a minimum and helping to ensure that industry competence “The cost of drilling on the Norwegian shelf is down by 70%, remains in Norway,” Kreutz says. which was vital in order to be competitive compared to other parts of the world, perhaps mostly compared to the development of shale oil in the US.”

“But most are confident that this crisis has been sufficiently tough and lasted long enough to provoke real change,” Kreutz says. Digitalization is also a crucial factor in terms of keeping Operational Transitions “ costs to a minimum and Looking at the UK, Kreutz suggests a similar change is likely helping to ensure that industry on the Norwegian Shelf, with private equity companies playing competence remains in Norway. a larger role. Morten Kreutz, SVP Global Energy at DNB “Tax changes introduced about ten years ago changed the pluralism on the shelf. There are now additional active companies, with the larger foreign corporations considering their portfolios for sale and private equity firms lining up. That is potentially a big Increased digitalization will also help and drastic change compared to the industry ten years ago,” the industry meet future demands, Kreutz says. “ becoming robust and profitable. Bjørn Kj. Haugland, Chief Digitalization Sustainability Officer at DNV GL DNV GL conducts annual research reviewing the future of the oil and gas industry. Bjørn Kj. Haugland, Chief Sustainability Officer, points to digitalization as the main priority for industry leaders in Norway. 17

Hosted by Google, Country Director Jan Grønbech welcomes everyone before 2017-18 special guest speaker, Trond Riiber Knudsen, founder and CEO of the TRK Group, addressed the participants about what he looks for in good teams. Charlie AmCham Mentorship Program Lea, Partner at KPMG, talks about what he hopes to get out of the program.

Following a very successful first year, AmCham The aim of the mentorship program is to make better leaders of kicked off our second edition of the popular all participants. Mentees develop decision-making and leadership skills and gain new perspectives by meeting executive leaders Mentorship Program in April with a record 26 with years of experience. participants. Through the program, AmCham member company leaders nominate one mentee Mentors benefit by engaging motivated professionals with vastly from their company to join. Leaders and mentees different backgrounds and experiences. are then paired, across industries, according to Trond Riiber Knudsen, founder and CEO of the TRK Group and stated goals and career objectives. former Senior Partner at McKinsey, was the kick-off meeting’s guest speaker, sharing his thoughts and ideas about what makes The initial meeting, hosted by Google, served as a plenary a good partnership. The experienced mentor also provided input session to introduce the participants to each other, as well on mentoring tips from his career. as to the program outline, setting out at least nine meetings between mentors and mentees over the coming year. Session AIG, 3M, Citibank, IBM, Google, AmCham and MSD remained on topics include leadership development, communication, sales, the program from 2016, with Carlson Rezidor Hotel Group, British conflict resolution and digitalization. American Tobacco, KPMG, the US Embassy and Bristol-Myers Squibb joining the 2017-18 edition. 18

Digital Transition Challenges: The Future of the Labor Market

With the emergence and development of digitalization and automation, the labor market, employee development and skills required to remain relevant are facing an interesting, albeit challenging future. Leaders will need to develop their skills alongside their employees as globalization transpires. How will the Norwegian job market develop, and perhaps more importantly, how can companies and their leaders acquire the appropriate skills required to tackle the fourth industrial revolution?

AmCham sat down with industry leaders in education, executive search “The development is pacey now, but will only accelerate. The world and human resources to discuss the transitions and developments will become increasingly complex, which is why a leader’s agility, of the future labor market. how quickly he or she can learn from experiences and adapt to technological changes, will be progressively important,” she says. “One obvious trend for the future is digitalization,” says Curt Rice, Rector at Høgskolen i Oslo og Akerhus (HiOA). International experience The Adecco Group annually releases a report measuring countries’ “At HiOA, we are building a center for digitalization, in cooper- ability to attract and develop talents, with Switzerland, Singapore ation with Simula research. The center will focus on research and the Nordic countries normally topping the list. Norway’s combined with education. The aim is that every day is colored main advantage is largely attributable to a very affordable, and by intense innovation.” accessible, educational system.

“NTNU is a great university and educates many outstanding “Norway, however, has vast improvement potential for attracting people, but the need for technology education is growing. In international talent, mainly due to the lack of focus on international Oslo alone, there are 95 000 technology-related jobs and this experience and networking. According to annual NHO studies, number will grow. We need to meet the demands of the future,” Norwegian employees generally value Norwegian language ability Rice explains. highly, however international experience is normally far down the list of requirements,” says Anne-Stine Talseth, Director of Mette Krogsrud, Managing Director Norway at Korn Ferry – a Marketing and Communications, Adecco Norway. globally leading executive search company – references Korn Ferry’s research reports analyzing abilities considered crucial “The report from Adecco suggests that Norway struggles to for future leaders, stating agility and change management as capitalize on the transition from education to innovation. Addi- two vital factors. tionally, international experience is vitally related to development and innovation – particularly in terms of developing leaders.”

Norway, however, has vast improvement potential for attracting international talent, mainly due to “ the lack of focus on international experience and networking. Anne-Stine Talseth, Director of Marketing and Communications, Adecco Norway 19

It is essential for students to physically spend time abroad; employers want candidates who are used “ to functioning in a diverse workforce. Curt Rice, Rector at Høgskolen i Oslo og Akerhus (HiOA)

“Comparatively, the number of Norwegians who travel abroad “There should be more room in companies and society to build to gain thorough knowledge of other cultures, meaning for a on education and take courses and classes,” Rice says. longer period than one semester, is very few, and that consequently becomes a challenge related to lack of innovation and In a recent survey by Korn Ferry, international business leaders entrepreneurial initiatives,” Talseth says. listed five key aspects they expected to lay foundations for future success- not one of them listed people, or the company’s employees. Rice also highlights the importance of international experience, not only for personal growth, but also for best practices and “The focus is shocking. The same study, the trillion dollar difference, knowledge exchange. also analyzed how much of a country’s BNP derives from human capital compared to the value of fixed assets, with value creation “It is essential for students to physically spend time abroad; from human capital being approximately four times larger in employers want candidates who are used to functioning in a the Western world.” diverse workforce. However, equally important, and with vast potential, is for institutions to share best practices across borders Technology is important, and to maximize development,” he says. will lead the way in future development, but people will Krogsrud also believes impulses from abroad are essential, “ particularly as a growing amount of companies are now hiring remain the essential part of leaders from within. value creation. Mette Krogsrud, Managing “According to studies, when a company hires a CEO externally, Director Norway at Korn Ferry 48% of them are out of the job within two years. Hence, companies are, to a larger extent than previously, focusing on hiring leaders Talseth – who emphasizes how difficult it is to predict the future internally. That makes international experience even more of the labor market – thinks transition of skills and agility to important as globalization increases and internal succession function in different markets will be of increasing importance. becomes increasingly important,” she says. “A good example is continued education. An experienced pro- Transition fessional holds a significant amount of irreplaceable knowledge While expertise on fast-paced digitalization developments will and capability, while added education of both the individual, as indisputably be at the forefront, Rice is adamant that experience well as the company, can benefit vastly.” will remain indispensable and needs to be combined with new, improved knowledge. “Lifelong learning to stay updated should hold greater emphasis,” Talseth says. “I like the idea of students being life-long members of HiOA, that they can return and take a course to add to their existing knowledge when needed after years in the working life. At the same time, the company they work for can offer internships to students.” 20

Committee Work

AmCham Norway remains dedicated to making the most of our members’ commitment to doing business in Norway and the US.

With 23 industry groups and over 230 member companies, our pro-business advocacy initiatives include facilitating and supporting joint member groupings. Aiming to identify and highlight common challenges and opportunities facing diverse industries and job roles, our committees and working groups promote dialogue, cooperation and achieving mutual objectives – ultimately Dag Morten Dalen, VP of BI Business School, Elizabeth Jeffords, MD at Roche, discussing the report commissioned by AmCham on benefitting the group as a whole. The Impact of the Multinational Pharmaceutical Industry on Norway’s Economy and Society, at Arendalsuka.

Overview from the Grand American Wine Tasting, hosted with California Wine Institute as part of our commitments to the Food and Beverage Committee, aiming to promote and increase awareness of American wine in Norway. 21

Highlights

Photo: NHO

AmCham Managing Director Jason Turflinger participating at an NHO debate, AmChams Scandinavia United, meeting members in Bergen and meeting Garrison Keillor are some of the many highlights from 2016 and 17. MADE IN NORWAY MADE IN NORWAY

We are a local business with a strong regional presence We areand a local are proudbusiness to have with been a strong operating regional in Norway presence for and are proudalmost to have80 years. been 83% operating of our products in Norway are for made almost in 80 years. 83%Norway. of Coca-Cola our products employs are some made 725 in people Norway. in Norway Coca-Cola employson some 12 dierent 725 people locations in fromNorway Kristiansand on 12 dierent in the South locations to Tromsø in the North. from Kristiansand in the South to Tromsø in the North.

FollowRead us onmore Facebook on www.coca-cola.no https://www.facebook.com/Cocacolanorge

© 2016 The Coca-Cola© 2017 The Coca-Cola Company. Company. All rights All rightsreserved. reserved. COCA-COLA COCA-COLA and and the the CONTOUR CONTOUR BOTTLE BOTTLE are are registered registered trademarks trademarks of The Coca-Cola of The Coca-Cola Company. Company. 23

Highlights

Photo: Gambit H+K

Team AmCham sporting Moods of Norway Christmas favorites; and discussing the High North Defence Policies, hosted at Gambit H+K; US Wine tasting. AmCham Chairman Pål Rokke with Foreign Minister, Børge Brende. Ambassador Samuel D. Heins hosting a reception at his residence; AGM panel discussion.

Photo: US Embassy 24

Comparing Transatlantic Wage Structures

Working with member company Korn Ferry, we have examined USA General Market by Regions (USD) the cost of employees and wage structure in both Norway and West region Midwest region the US. Collecting basic salary from four different employee Employee groups | Average Employee groups | Average groups from every region in both countries clearly marks the Senior Management / Executives 281 060 Senior Management / Executives 265 947 differences – and similarities – across the transatlantic regions. Middle Man. / Seasoned Professional 126 655 Middle Man. / Seasoned Professional 118 707 Supervisory / Jr. Professional 68 155 Supervisory / Jr. Professional 61 273 Clerical / Operations 38 902 Clerical / Operations 34 826 The statistics highlight the cost of opening a new office on the US East Coast, compared to the Midwest. Norwegian and American wages are also compared at different responsibility levels, where Norwegian executive wages are lower on average, while wages for operational or clerical employees are significantly lower in the US.

Norway General Market by Regions (USD)

North region Employee groups | Average Senior Management / Executives - Middle Man. / Seasoned Professional 102 630 Supervisory / Jr. Professional 66 482 Clerical / Operations -

Central & West region South region Northeast region Employee groups | Average Employee groups | Average Employee groups | Average Senior Management / Executives 208 954 Senior Management / Executives 267 263 Senior Management / Executives 298 286 Middle Man. / Seasoned Professional 120 678 Middle Man. / Seasoned Professional 118 500 Middle Man. / Seasoned Professional 123 850 Supervisory / Jr. Professional 69 705 Supervisory / Jr. Professional 60 237 Supervisory / Jr. Professional 64 948 Clerical / Operations 52 271 Clerical / Operations 34 229 Clerical / Operations 37 003

South & East region, Including Oslo & Akershus Employee groups | Average Senior Management / Executives 214 323 Middle Man. / Seasoned Professional 118 239 Supervisory / Jr. Professional 68 707 Clerical / Operations 49 419 25

Member Companies

With over 230 member companies, divided across 23 industries, AmCham Norway members directly employ over 230 Member 99.000 people in Norway.* Companies

23 industries 99 841 people Revenue 2015 NOK 609 595 518

*Figures, based on publically available information, are listed in thousands and subject to AmCham research and displays AmCham member companies’ earnings, revenue and tax in Norway only. 26 “

How Foreign Multinationals Boost Norwegian

Competence and Businesses Photo: Cargill

With Norway’s growing technology capability, The fact is, that for us, the domestic companies are attracting increasing complete opposite of ‘flagging out interest from foreign investors and corporations. “ knowledge’ happened. Cisco’s acquisition of Tandberg and Cargill’s OJ Winge, current Cisco, purchase of EWOS both epitomize how Senior Vice President multinationals are boosting the Norwegian economy, as well as developing competency domestically, while building a bridge between Cisco paid has fueled several new Norwegian companies and start-ups, subsequently generating additional growth in Norway.” Norway and US tech in the process. “Through Cisco, more than 50 employees have spent some Although sometimes negatively interpreted as “selling out” time in the US, gaining new knowledge and returning to Norway competence, foreign multinationals buying Norwegian companies increasingly more competent than when they left – this is what not only signals that Norwegian technology is gaining global value creation and development is all about!” attention, but is also a boost for the domestic economy, jobs and competence. “I can guarantee that the employees here are substantially more competent today, having learned a great deal by being part of This is embodied by AmCham members Cisco and Cargill, both such an experienced and large company. Skills that would’ve choosing to invest in, and develop, their Norwegian offices after been impossible to learn without them,” Winge says. purchasing Tandberg and EWOS, respectively. In October 2015, Cargill completed the acquisition of Ber- “The fact is, that for us, the complete opposite of ‘flagging out gen based EWOS, a global leader in salmon nutrition. knowledge’ happened,” OJ Winge, current Cisco, Senior Vice President says. Winge, along with partners, has previously sold At the time, Cargill’s corporate vice president Joe Stone qualified both Tandberg and Acano to Cisco. the merger as a “fantastic, long-term growth story” and said that both companies would create the global leader in aquaculture “When Tandberg was sold to Cisco it provided a very important nutrition. bridge between Norway and Silicon Valley. Also, the consideration 27

“To put it in perspective, in EWOS we spent two years of investigation “Foreign companies are normally looking to add something to and three years to achieve stability at 50 000 tons in Vietnam. their organizations that is missing - either within technological With Cargill’s acquisition, we added 15 countries, in growth capability, competence or specific product offerings. Corporations markets, over night. We now have formidable presence, and a want growth, which can be difficult to achieve organically. By great platform from which to grow,” says Einar Wathne, former acquiring another company, new technologies, expertise and EWOS CEO and current President of Cargill Aqua Nutrition. products can be added to an existing enterprise,” Bogstad says.

Think globally Particularly in the technology sector, global thinking is essential Foreign companies are normally for further growth. Bjarte Bogstad, who specializes in technology looking to add something to their and M&A as Partner at Bull & Co, thinks that conquering the “ organizations that is missing - either world is difficult from Norway. within technological capability, competence or specific product offerings. “You will eventually come to a point where you must ask yourself Corporations want growth, which can who is the best fit to take the company further. Despite having be difficult to achieve organically. By leading tech competence in many fields, companies will eventually acquiring another company, new technologies, expertise require skilled personnel from other countries, and substantial capital injections, to continue to grow and develop to be important and products can be added to an existing enterprise. players in the international arena.” Bjarte Bogstad, Partner at Bull & Co

“An international buyer will bring in an increased commercial focus and, perhaps most importantly, exploit its own network Bogstad’s statement is well illustrated through Cisco and and help open other networks in important countries for the Cargill’s acquisition of Tandberg and EWOS, respectively. Cisco target’s products and services,” Bogstad says. was, according to Winge “irrelevant related to video” prior to the merger and is now currently holding a market-share above 55%. Winge, who also emphasizes the importance of being part of something larger and pursuing a common goal, has experienced “Prior to the acquisition, we barely shipped 50 000 video units first-hand how global networks have positive impact. per year, today we’re close to 250 000 units, all created here in Norway. Cisco continues to develop what is successful, and “If you’re in the technology industry, you have to think US – and a big part of that is keeping the employees to ensure that the have a presence in the US! It’s the world’s biggest market, with knowledge remains within the company,” Winge says. one language and one currency. So, when people are speaking about foreign companies draining Norway for knowledge, they EWOS, who produced more than 1.2 million tons of salmon couldn’t be more wrong!” feed and operated seven feed manufacturing facilities and two R&D centers, enjoyed a strong market presence prior to the “Personally, I have gained hundreds of new contacts in the US acquisition. However, the amount Cargill paid for EWOS could as a result of being part of a US company; this has been a very not be justified based on revenue alone. important network for all companies I have been involved with. The fact that Tandberg was purchased by Cisco has created a few “The add-on value Cargill paid for was for the additional com- hundred jobs in Norway and increased technology competence petence we had, including our research and development and here,” Winge says. industrial network. The marine cluster here in Bergen is the largest gathering of marine competence in Norway, making it Invest in existing knowledge easier to exchange and develop new ideas, which is why it was Reasons for acquiring another company vary greatly. In general, essential for Cargill to keep that in Bergen and to continue the the driving force behind acquisitions is the larger company’s development here,” says Wathne. desire to improve their strategic position, according to Bogstad. 28

Spearheading the Green Transition Photo: Tesla Corporate social responsibility, innovation and “green” initiatives are all considered essential factors for company growth and development. Some companies are, however, considered leaders in sustainability and innovation initiatives. Why are these companies investing large sums in such technologies? How can a company benefit from spearheading green transitions?

Tesla is a symbol of innovation and green sustainability, with Another company famous for their sustainability and CSR-initiatives their expansion into the Norwegian market being one of their has also recently introduced a new factory, right here in Norway. most successful tales yet. Aiming to accelerate the transition Coca-Cola’s refurbished facility at Lørenskog has allowed the to sustainable energy, Tesla’s new Gigafactory in Nevada will drink producer to drastically decrease their carbon footprint produce more lithium ion batteries annually than the entire throughout their production chain. 2013 global production. “It has enabled us to significantly reduce usage of water, and “The total land area purchased is 3,200 acres, which is five we are the only country in the world that is exclusively bottling times larger than the size of Monaco. To fully appreciate the locally produced products on what we call PlantBottles. Those are scale, the Gigafactory will ultimately be more than three times plastic bottles with 22,5% plant-based plastic and 25% recycled the size of the Pentagon and can hold 50 billion hamsters,” a plastic; consequently making it the most environmentally friendly Tesla spokesperson said. bottle on the market.”

“We’re also in the process of replacing most of our current cars with electric vehicles,” says Per Hynne, Coca-Cola’s Country A substantial focus on sustainabil- Lead for Public Affairs and Communications. ity is now practically integrated in “ companies’ core business models, Working strategically with the UN to create a global effect and and with an orientation towards the to ensure a sustainable future, market experts DNV GL enable UN’s sustainability targets, attracts other companies to improve their safety and sustainability. The skilled employees, creates trust and a company strives to understand how to deliver both value to responsible position towards custom- society and their customers. ers, stockholders and other partners. Bjørn Kj. Haugland, Chief “A substantial focus on sustainability is now practically integrated Sustainability Officer at DNV GL in companies’ core business models, and with an orientation towards the UN’s sustainability targets, attracts skilled employees, 29

Strong brands A common ground for both companies is their commitment to doing good while doing well. Both innovation and sustainability initiatives are potentially highly beneficial when building strong brands, particularly in competitive markets.

“Some of our projects have obvious and visible value, where other initiatives, conversely, might go somewhat below the radar. Being associated with good initiatives is evidently a positive factor.”

“At the same time, it’s essential to ensure that they are considered relevant compared to our position and industry. We have to have a real commitment, otherwise we lose credibility,” Hynne says.

While noting that companies’ sustainability visions have become increasingly more relevant since 2007, Haugland perceives that more clients are now enquiring about DNV GL’s competence in the field. Coca-Cola’s newly refurbished production facility at Lørenskog. creates trust and a responsible position towards customers, “Sustainability is a strong trend and, generally, companies that stockholders and other partners,” says Bjørn Kj. Haugland, are working directly toward consumers are often further ahead Chief Sustainability Officer at DNV GL. of such trends. Thus, creating a strong position also helps to attract employees and clients,” Haugland says. Global benefits Albeit very different companies, both Tesla and Coca-Cola are As the leading electric car brand in the world, Tesla’s revolutionary combining local projects with global benefit programs, aiming technologies have secured the Elon Musk-founded company an to maintain their positions as sustainability frontrunners. unparalleled brand as competition in the market is increasing. “We think it’s fantastic that interest in electric vehicles is growing “Coca-Cola is present all over the world, and in developing across the world. Our mission is to accelerate the transition to countries we are concerned with increasing quality of the most sustainable energy, and we celebrate every new electric vehicle fundamental needs, such as clean water. Having said that, the that becomes available. Competition is healthy and gives more Coca-Cola system became water neutral in 2016, meaning that choice to consumers,” the Tesla representative says. we contribute as much water as we use in our production.”

“In Norway we contribute to development through innovation, but water quality, health, diversity and climate are all factors important to us, in every country,” Hynne says.

In 2016, Tesla introduced the world’s largest supercharger station in Norway and is now overtaking Ford in terms of market-cap in the US. The company has emerged as the epitome of industrial modernization and proved that they are more than merely cars. “In addition to electric vehicles, we also have energy storage through the Powerwall for home use and Powerpack for industrial use, as well as sustainable energy production through the acquisition of SolarCity,” the Tesla spokesperson says. Photo: Tesla

31 AmCham Members Patron Members Northrop Grumman Corp. Berlitz Language Services Horton International 3M Norge Petroleum Geo-Services Bertel O. Steen Defence & Hotel Continental Aabø-Evensen & Co Pfizer Security HP Norge Abbott Norge Philip Morris Norway Best Western International Ibas Abbvie PricewaterhouseCoopers BI Norwegian Business School Icelandair Advokatfirmaet Selmer Roche Birn+Partners Executive Search Innovation Norway AIG Europe Limited Sapa Black Box Norge InterimLeder Alcoa SAS Institute Borton Overseas International Corporate Art Amgen Schlumberger Boyden Executive Search Intertrust Amway SEB Bull & Co. Advokatfirma J.P. Morgan Europe, Oslo Branch Avinor Statoil CA Technologies Jotun Azets Tesla Capgemini Norge Keystone Academic Solutions BDO TGI Friday’s/American Bistro Cecilie Melli / C Shop Kongsberg Defence & Aerospace Biogen Norway Scandinavia Chubb Korn/Ferry International Bristol-Myers Squibb Thon Hotels Coca-Cola Norge Leidar British American Tobacco Tine Cognizant Lærdal Medical Norway Veritas Comet Consular Services Management Alignment Burson-Marsteller Yara International Concha y Toro Partners Cargill Concierge Masters Marsh Carlson Rezidor Hotel Group Corporate Members Connectum Capital Management Mastercard Chevron Norge 24SevenOffice CSC Norge McKinsey & Company Cisco Systems Norway Accenture Danske Bank Medtronic Norge Citi Norway Adams Express Deloitte Advokatfirma Mercer Coca-Cola Enterprises Norge Adecco DHL Express Moestue Group ConocoPhillips Norge Adv. Føyen Torkildsen Ecolab Mondelez International DLA Piper Adv. Schjødt Egencia Moods of Norway DNB Adv. Simonsen Vogt Wiig Eiker Motorshop Moota Telecom DNV GL Adv. Økland & Co Eimskip - CTG Motorola Solutions Norway Eiendomsspar Air Products Elmatica MoVa Elavon Financial Services Aker Engelstad MSD Animal Health Norge Eli Lilly Norge Alfa Quality Moving & Relocation Equatex Norway Mylan ExxonMobil American Car Club of Norway Facebook Mørland & Johnsen First House American College of Norway Fast Accounting Next Step FMC Technologies American Express Company FedEx NHO Confederation of Gambit H + K Strategies Andenæsgruppen Frank Grønsund Agentur Norwegian Enterprise GE Healthcare Aon Norway Frisch Nordic American Group GE Oil & Gas Arcus GE Healthcare Technologies Nordox Google Norway Arntzen de Besche Advokatfirma GIEK Norges Varemesse IBM Ask Mr. Cruise Global Blue Norwegian Ship Owners’ Iron Mountain ATI Scandinavia Grand Hotel Association Janssen Pharmaceutical Augustana College GSK Novartis Norge King Food – Burger King Norge AWilhelmsen Management Halliburton Obligo Investment Management KPMG Axalta Coating Systems Norway Hard Rock Cafe Oslo Opel Norge Lockheed Martin Axis Holding Hardanger Bestikk Opera Software Manpower Bain & Company Haugen-Gruppen Oracle McDonald’s Norge Basefarm Helly Hansen Orkla Microsoft Norge BearingPoint Hess Norge Oslo Handelsstands Forening MSD Norge Beringer Finance Hewlett-Packard Norge Oslo and Akershus University Honeywell College 32

Members cont. Members by Industry Parker Hannifin Accounting/Financial (21) Automobile/Transport (6) Energy (11) PepsiCo Nordic Norway American Express Company American Car Club of Norway Chevron Norge Pharmaq Azets Eiker Motorshop ConocoPhillips Norge Phonofile Axis Holding Opel Norge ExxonMobil Polaris Norway Beringer Finance Polaris Norway FMC Technologies Pulse Communication BDO Tesla GE Oil & Gas RCL Cruises Citi Norway WaveTrain Systems Halliburton Relocation Connectum Capital Management Hess Norge ReputationInc Danske Bank Chemicals/Metals (7) MoVa RiskPoint DNB Alcoa Petroleum Geo-Services Rob. Arnesen Equatex Norway Axalta Coating Systems Norway Schlumberger Rud Pedersen Elavon Financial Services Ecolab Statoil Ræder Advokatfirma Fast Accounting Jotun Sands GIEK Nordox Engineering/Construction (4) Scandic Hotels Global Blue Sapa Aker Schneider Electric J.P. Morgan Europe Yara International Elmatica Sonitor KPMG Honeywell Sons of Norway Mastercard Defense/Security (5) Parker Hannifin Starbucks Obligo Investment Management Bertel O. Steen Defence & StormGeo PricewaterhouseCoopers Security Entertainment, Lifestyle Strøm SEB Kongsberg Defence & Aerospace & Culture (11) Symposium Wines Verdane Capital Advisors Lockheed Martin Cecilie Melli / C Shop Telemark Fylkeskommune Nordic American Group Hardanger Bestikk Telenor Communication/PR/Media (10) Northrop Grumman Corp. Helly Hansen The Brand Project Burson-Marsteller International Corporate Art Thermo Fisher Scientific First House Education/Research/Business/ Moods of Norway Thin Film Electronics Frisch Associations (9) Phonofile Tiger Eiendomskompetanse Gambit Hill + Knowlton American College of Norway Rob.Arnesen Torres & Partners Norway Strategies Augustana College Telemark Fylkeskommune Treasury Wine Estates Leidar Berlitz Language Services Turner Broadcasting Systems Turner Broadcasting Systems Mørland & Johnsen BI Norwegian Business School Nordic Nordic Pulse Communication Keystone Academic Solutions Universal Sony Pictures Home United ReputationInc NHO Confederation of Entertainment Nordic Universal Sony Pictures Home Rud Pedersen Norwegian Enterprise Warner Bros. Entertainment Entertainment Nordic The Brand Project Norwegian Ship Owners’ Norge UPS of Norway Association Verdane Capital Advisors Airline/Travel (9) Oslo and Akershus University Vinarius Ask Mr. Cruise College Visit Flåm Avinor Oslo Retail Association Volvat Medisinske Senter Borton Overseas V Rez Icelandair Warner Bros. Entertainment RCL Cruises Norge United WaveTrain Systems Via Egencia Wikborg Rein Visit Flåm Willis XXLofoten XXLofoten 33

Food & Beverage (20) Hotel/Restaurant/Conference IT/Computer Equipment (22) Management Consulting (9) Arcus (12) 24SevenOffice Accenture American Spirits & Beers Best Western International Basefarm Bain & Company British American Tobacco Carlson Rezidor Hotel Group Black Box Norge BearingPoint Norway Grand Hotel CA Technologies Capgemini Norge Coca-Cola Enterprises Norge Hard Rock Cafe Oslo Cisco Systems Norway Innovation Norway Coca-Cola Norge Hotel Continental Cognizant Intertrust Concha y Toro King Food – Burger King Norge CSC Norge Management Alignment Engelstad McDonald’s Norge Facebook Partners AG (MAP) Frank Grønsund Agentur Norges Varemesse Google Norway McKinsey & Company Haugen-Gruppen Scandic Hotels Hewlett-Packard Norge Next Step Moestue Group Starbucks HP Norge Mondelez International TGI Friday’s/American Bistro Ibas Property/Real Estate (3) Orkla Scandinavia IBM Andenæsgruppen PepsiCo Nordic Norway Thon Hotels Iron Mountain Eiendomsspar Philip Morris Norway Microsoft Norge Tiger Eiendomskompetanse Strøm Human Resources (7) Opera Software Symposium Wines Adecco Oracle Seafood/Aquaculture (3) Tine Birn+Partners Executive Search SAS Institute Cargill Torres & Partners Norway Boyden Executive Search Sonitor MSD Animal Health Norge Treasury Wine Estates Horton International Thin Film Electronics Pharmaq Vinarius InterimLeder Veritas Korn/Ferry International V Rez Shipping/Logistics/Relocation Health (20) Manpower (11) Abbott Norge Legal (13) Adams Express Abbvie Industrial Equipment (4) Aabø-Evensen & Co Alfa Quality Moving & Relocation Amgen 3M Norge Adv. Føyen Torkildsen AWilhelmsen Management Amway Air Products Adv. Schjødt Comet Consular Services Biogen Norway ATI Scandinavia Adv. Selmer DHL Express Bristol-Myers Squibb Schneider Electric Adv. Simonsen Vogt Wiig DNV GL Eli Lilly Norge Adv. Økland & Co FedEx GE Healthcare Insurance (8) Arntzen de Besche Advokatfirma Eimskip – CTG GE Healthcare Technologies AIG Europe Limited Bull & Co. Advokatfirma Relocation GSK Aon Norway Deloitte Advokatfirma StormGeo Janssen Pharmaceutical Chubb DLA Piper UPS of Norway Lærdal Medical Marsh Ræder Advokatfirma Medtronic Norge Mercer Sands Telecommunications (3) MSD Norge RiskPoint Wikborg Rein Motorola Solutions Norway Mylan Sons of Norway Moota Telecom Novartis Norge Willis Telenor Pfizer Roche Thermo Fisher Scientific Volvat Medisinske Senter 34

Communication

Photo: Nancy Bundt Aiming to engage our members even further and to promote News Bulletins increased inter-membership dialogue and knowledge, AmCham Through our weekly news bulletins, AmCham strives to offer has introduced new communication initiatives and intensified our members updates on all matters related to transatlantic email news bulletins, to better notify our members about issues business and relation news. Through emphasis on events, by related to Norwegian-American business and AmCham activities. invitations or event summaries, or through news related to business, investments or politics, we hope to both inform and International Leadership Interview Series engage our membership on relevant topics to doing business The Interview series of in-depth conversations with member in Norway or the US. Members are also encouraged to use this company directors focuses on leaders with international expe- forum to distribute appropriate information, such as reports rience and profiles their backgrounds, highlighting how different or event invitations to add further value to their membership. leadership styles have made them successful within their fields. “One important piece of information I would give to others, is trust the people you delegate work to. You can’t do everything yourself, so you have to trust the people you work with,“ Lars Näslund, Managing Director, Nordic Region, 3M.

Company Profiles Aspiring to increase knowledge within the membership, Am- Cham has introduced Company Profiles to promote further collaboration and across industry awareness. Articles about Basefarm’s new data center, IBM’s Watson technology and Pulse Communication’s work with strategic advertising, have all been well-received and considered popular additions to membership benefits. AmCham will continue to profile member companies to highlight interesting stories or special projects happening within the membership, to the membership. 35

16th Annual AmCham Golf Tournament

22 teams enjoyed a spirited competition and comradery at Losby Golf Club as AmCham hosted our 16th annual golf tournament, with Patron member Sapa’s team eventually claiming the prestigious Søderstrøm Cup and round-way trip to the U.S., courtesy of United.

A packed flight of 88 players worked their way through a tough 18-holes, with some added chances for individual prizes along the way - such as Closest to the Pin, Longest Drive and a Putting competition, before enjoying a well-prepared BBQ dinner and the awards ceremony.

AmCham wishes to thank all participants and sponsors for continuing to help us making this event successful. 36

Sponsorship and Profiling Opportunities

AmCham offers a range of targeted profiling and sponsor opportunities, ensuring visibility of your business through events, prizes and publications.

For more information about how your company can benefit from our advertising and sponsor services, please contact [email protected].

AmCham would like to express our appreciation and thanks to our sponsors for their continued support.

Photo: Nancy Bundt Photo: Nancy Bundt Hacking skjer. Hele tiden. Det kan bli kostbart å tro at det ikke skjer deg.

Norske bedrifter angripes. Det nytter ikke å stikke hodet i sanden.

Tegn Dataangreps forsikring hos AIG Den siste tiden har vi sett en eksplosiv økning i antall dataangrep mot bedrifter. Angrepene har rammet hele kloden, også Norge. Angrepene er mer alvorlige og komplekse enn noen gang, og kan få store konsekvenser for dem som rammes. Dataangrepsforsikring gir deg umiddelbar hjelp ved dataangrep. I tillegg til at ﬁ nansielle kostnader blir dekket, får du nødvendig ekspertise for å ﬁ nne ut hva som har skjedd, hvordan det eventuelt kan løses (gjenopprettelse av data), og råd om hvordan situasjonen bør håndteres utad. Les mer på www.aig.no

Dette dokumentet er kun ment som generell informasjon og gir ikke en fullstendig dekningsbeskrivelse eller grunnlag for å kreve dekning. Fullstendig dekningsbeskrivelse fi nner du i forsikringsvilkårene og forsikringsavtalen, som kan innhentes på forespørsel. AIG Europe Limited opererer i Norge gjennom den norske fi lial av AIG Europe Limited, org. nr. 998 754 194, i henhold til lisensen fra NFSA. Se http://www.fi nanstilsynet.no/no/Venstremeny/Konsesjonsregister. Registrert adresse: Rosenkrantz’ gate 22, PB 1588 Vika, NO-0118 Oslo.

0517 38

Business After Hours: Customer Valuation, Wharton Arendalsuka May 2016 – Orka, Oslo August 2016 – Arendal

Along with our partners, DLF, Orkla and the Wharton alumni Reflecting upon and discussing the results discovered in community in Norway, AmCham proudly welcomed Dr. the report released by AmCham earlier in 2016, The Impact Peter Fader of Wharton School at Ivy League University of of the Multinational Pharmaceutical Industry on Norway’s Pennsylvania for a Business After Hours Customer Valuation Economy and Society, the panelists, represented by both major discussion. pharmaceutical companies as well as politicians, debated how the pharmaceutical industry could best flourish in Norway.

Ambassador’s Residence Election Night September 2016 – US Ambassador Residence, Oslo November 2016 – Oslo

Following our report released in 2015, analyzing how foreign Nearly 1200 members and partners gathered at Oslo and multinationals are contributing to Norway, the theme remains Akershus University College of Applied Sciences (HiOA) as relevant as ever for our members. We were therefore to celebrate democracy in spectacular style, as AmCham delighted that AmCham Chairman of the Board, Pål Rokke, Norway hosted our fourth consecutive bipartisan Election ambassador Heins and state secretary from the Ministry of Night event. trade, industry and fisheries, Dilek Ayhan, addressed both challenges and opportunities ahead to ensure increased HiOA Rektor Curt Rice’s remarks preceded speeches from FDI in Norway. both the US Ambassador Samuel D. Heins and Norwegian Minister of Education and Research Torbjørn Røe Isaksen and Minister of Transport and Communications Ketil Solvik-Olsen. The event was concluded with a breakfast in the early hours. 39

AmCham Thanksgiving Charity Dinner Defence Breakfast Seminar: Navigating Right for the Future November 2016 – Fanehallen, Oslo February 2017 – Gambit H+K, Oslo

Nearly 140 members and partners generously helped In collaboration with the French Norwegian Chamber of AmCham Norway reach a record-high 72 000,- donation to the Commerce, and Gambit Hill + Knowlton, AmCham Norway Norwegian Red Cross at our traditional Thanksgiving Charity arranged a fully packed defence breakfast seminar, discussing Dinner at Akershus Festning on Tuesday evening. Keynote the High North and its opportunities and challenges. The remarks from Haakon Jacob Rothing, Head of Programs breakfast event featured remarks from State Secretary Øystein at Red Cross and Jon Georg Dale, Minister of Agriculture Bø in the Ministry of Defence. The remarks were followed by and Food, were followed by an authentic Thanksgiving a panel discussion featuring Jim DeHart, Chargé d’Affaires meal - accompanied by California wines Charles & Charles at the US Embassy; Thomas Fraioli, Commander of the and Barefoot - and the traditional raffle and auction that French Navy & Analyst at the French Directorate of Defence rounded off the evening. Strategy and Lars Saunes, Rear Admiral & Chief of the Royal Norwegian Navy

Grand American Wine Tasting AmCham Annual General Meeting & Transatlantic Assembly March 2017 – Håndverkeren, Oslo April 2017 – University of Oslo

With over 300 wines from 80 producers, ranging from the Foreign Minister Børge Brende headlined a tailor-made affordable to the remarkable, AmCham Norway, together with panel to discuss transitional transatlantic changes and California Wine Institute and the US Embassy’s Commercial challenges as AmCham hosted a combined Transatlantic Service hosted the largest ever American Wine tasting in Assembly and Annual General Meeting, nominating and Norway. Several hundred AmCham members, partners, selecting a new Board of Directors in the process. In the members of the trade industry and journalists attended panel debate, alongside US Chargé d’Affaires Jim DeHart, throughout the day. was DNB’s new Chief Economist Kjersti Haugland, Andrew Lloyd, Statoil’s Vice President for Global Politics & Public Affairs and IBM’s Managing Director Arne Norheim. 40 9031 | 05/13 P&D_ne

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3M guarding the environment. Abbott Norge AS is AIG Europe Limited a wholly owned subsidiary of Abbott Labora- 3M is fundamentally a science-based tories and employs more than 50 people. In American International Group, Inc. company. 3M produces thousands Norway, Abbott is active in the areas of mar- (AIG) is a leading international of imaginative products, and the company is a keting, sales, laboratory diagnostics, diabetes insurance organisation serving customers in leader in scores of markets, from health care care, and intravascular intervention. more than 80 countries and jurisdictions. AIG and highway safety to office products and is a forward looking company, providing com- abrasives and adhesives. Its success begins AbbVie prehensive services to commercial, institutional, with their ability to apply the company’s tech- and individual customers through one of the nologies – often in combination – to an endless AbbVie is a global, research- most extensive worldwide property-casualty array of real-world customer needs. The people based biopharmaceutical company formed in networks of any insurer. In Norway, AIG Europe of 3M and their singular commitment to make 2013. The company’s mission is to use its Limited insurance solutions is aimed at the life easier and better for people around the expertise, dedicated people and unique approach Norwegian and multinational corporate market. world make all of this possible. In Norway, 3M to innovation to develop and market advanced Our office is located in Oslo, and has approxi- is located at Skjetten and employs 121 people. therapies that address some of the world’s mately 45 employees. AIG established its 3M Norway achieved a total sales revenue of most complex and serious diseases. In Norway, operations in Norway in 1985, and for over 30 650 million NOK in 2016. AbbVie employs around 70 people. For the ninth years we have developed our products in line year in a row, AbbVie was awarded one of with the trends for meeting the business Aabø-Evensen & Co Norway’s Best Places to work – this year as community their insurance needs. number one among mid-sized companies. For Aabø-Evensen & Co is further information on the company and its Alcoa a Norwegian boutique people, portfolio and commitments, please law firm with main focus on M&A and capital visit www.abbvie.com. Follow @abbvie on Alcoa (NYSE: AA) is a global indus- markets transactions. The firm regularly acts Twitter or view careers on our Facebook or try leader in bauxite, alumina and for professional clients such as private equity LinkedIn page. aluminum products, with a strong funds, leading corporations, financial institu- portfolio of value-added cast and rolled prod- tions and other highly professional purchasers Advokatfirma Selmer ucts and substantial energy assets. Alcoa is of legal services. With the aim to keep the built on a foundation of strong values and flexibility and responses of a somewhat smaller Selmer was founded in 1985. operating excellence dating back nearly 130 firm and yet delivering big firm quality or better, Today Selmer is one of years to the world-changing discovery that the firm has a proven track record of delivering Norway’s leading legal practices with 160 made aluminum an affordable and vital part excellent quality legal services to major enter- employees. Throughout its short history the of modern life. Since inventing the aluminum prises and institutions. Aabø-Evensen & Co’s firm has strived to work in innovative ways; it industry, and throughout our history, our talented work, and especially its M&A focus, has received is constantly among the first to adopt new ideas. Alcoans have followed on with breakthrough recognition by major M&A players. One of these ideas is a company structure that innovations and best practices that have led to includes accountants, financial analysts and efficiency, safety, sustainability and stronger Abbot Norge investigative specialists, unique to the Norwe- communities wherever we operate. gian legal industry, enabling Selmer to give Abbott is a global, broad- interdisciplinary advice that other firms cannot. AMGEN based health care com- Selmer is committed to continuing its tradition pany devoted to discover- of seeing things in a new light. The legal busi- Amgen is one of the world’s ing new medicines, new technologies and new ness is still traditional – Selmer offers a new leading biotechnology com- ways to manage health. The company employs perspective. panies. Amgen is a values-based company, nearly 90,000 employees and markets its deeply rooted in science and innovation to products in more than 150 countries. Abbott’s transform new ideas and discoveries into efforts focus on four key areas: innovating for medicines for patients with serious illnesses. the future, enhancing access to health care, We have a presence in approximately 100 protecting patients and consumers, and safe- countries worldwide and have reached millions 42 of people in the fight against serious illnesses. be more flexible and focus on their core business. 2008, the company has been a part of British We focus on six therapeutic areas: oncology/ With 80 local offices and more than 2500 ded- American Tobacco – the world’s most interna- hematology, cardiovascular disease, inflam- icated accountants, payroll consultants and tional tobacco group with brands sold in more mation, bone health, nephrology and neurosci- financial advisors in Norway, Sweden, Finland than 200 markets. In Norway, British American ence. Our medicines typically address diseases and Denmark, Azets offers services to the entire Tobacco imports and sells cigarettes, snus, for which the number of effective treatment Nordic market through one point of contact. cigars, and roll your own tobacco. On www.bat. options is limited, or they are medicines that com you can read more about the business, provide a viable option to what is otherwise BDO the products and your career opportunities with available. In Norway, there are 20 employees the company. within sales, marketing, health finance and BDO provide a range of services medical activities. within the areas of audit, account- Burson-Marsteller ing, consultancy, and taxation and duties. We Amway see great value in having a local presence and Burson-Marsteller is a roots, factors which enable us to work closely leading global public Amway is a leader in the global with our clients. We supply our services on the relations and communi- Direct Selling industry. More basis of our clients’ needs, and we deliver them cations firm. The strategic insights and inno- than 3 million Amway Business Owners dis- with enthusiasm, professional solidity and vative programming build and sustain strong tribute high quality Amway brand products in-depth knowledge of the sector involved. This corporate and brand reputations. Bur- around the world. Today, Amway offers over 450 is how we help create excellent results and a son-Marsteller provides clients with counsel exclusive products and services, a state-of- unique client experience. BDO Norway employs and program development across the spectrum the-art global ordering and distribution network more than 1300 people and has more than 70 of public relations, public affairs, reputation and over five decades of experience. Amway’s offices throughout the country. We have clients and crisis management, digital strategy, adver- extensive product portfolio covers a wide sector in most areas of the private and public sectors. tising and other communications services. The of lifestyle needs and has two main areas of clients are global companies, industry associ- focus: Health & Beauty – including all lifestyle Biogen Norway ations, professional services firms, governments, solutions for skin care, and every day Consum- and other large organizations. Clients engage able Products for the family and home. Biogen is an American Burson-Marsteller when the stakes are high: multinational biotechnology during a crisis, a brand launch or any period of Avinor company based in Cambridge, Massachusetts, fundamental change or transition. Bur- specializing in the discovery, development, and son-Marsteller develops client programs using Avinor A/S is a wholly owned delivery of therapies for the treatment of neu- a scientific approach to communications, namely state limited company under rodegenerative, hematologic, and autoimmune Evidence-Based Communications. the Norwegian Ministry of Transport and Com- diseases to patients worldwide. munications. It operates 45 airports in Norway Cargill – among these are the international hub airport Bristol-Myers Squibb Oslo, the major regional centres Bergen, Cargill’s animal nutrition busi- Trondheim and Stavanger, as well as the North- Bristol-Myers ness offers a range of products ern Lights airports. Oslo offers airlines and Squibb is a and services to feed manufac- travelers smart east-west intercontinental global biopharmaceutical company whose turers, animal producers, and feed retailers connections and the shortest flying time from mission is to discover, develop and deliver around the world, helping put food on the plates the Nordics to North America. Furthermore, innovative medicines that help patients prevail of nearly one billion people around the world Avinor operates control towers, control centers over serious diseases. For more information every day. Cargill established its activities in and other technical infrastructure for safe air about Bristol-Myers Squibb, visit us at BMS. Bergen, Norway in 2015 with the acquisition of navigation. com or follow us on LinkedIn, Twitter, YouTube EWOS, a global leader in salmon nutrition. and Facebook. Cargill employs over 350 people in 8 locations Azets in Norway; the locations include feed manu- British American Tobacco Company facturing facilities and a state-of-the-art Azets is a leading provider of Research & Development center. EWOS has services within accounting, British American Tobacco since been integrated into Cargill Animal payroll and HR and financial advisory in the Norway has a history of over Nutrition as a business called Cargill Aqua Nordics. We specialize in solving business-crit- 200 years in the Norwegian Nutrition, representing the EWOS brand. ical tasks, enabling our clients to work faster, tobacco industry. Since 43

Carlson Rezidor Hotel Group investment for enterprises of all types, univer- have operations in 17 countries. Operations in sities, financial institutions, and public sector Norway are led from the company’s offices in Carlson Rezidor Hotel organizations. Tananger outside Stavanger. ConocoPhillips is Group offers a portfolio of one of the largest foreign operators on the Nor- great brands from high- Citi Norway wegian continental shelf. The company is the class comfort to high- operator of the fields in the Greater Ekofisk Area, class luxury. With five unique brands to choose Citi has been present in Norway and has ownership interests in fields such as from, each with its own distinct character and since 1973. The Norway Global Heidrun, Visund, Oseberg, Grane, Troll and Alvheim. style, Carlson Rezidor is in a class of its own. Banking team within the Insti- The six distinct hotel brands are: Radisson tutional Client Group provides a full range of DLA Piper Blu, Radisson Red, Park Inn by Radisson, banking services to the largest, international Radisson, Country Inn, and Quorvus. The Norwegian corporations and financial institutions. DLA Piper is a global law firm company currently features over 1320 hotels, The Citi Norway team delivers global products with lawyers located in more 213 000 rooms in operation and under devel- locally to its clients and partners with product than 40 countries and 100 opment, and over 80 000 employees in more and industry specialists to provide a full array offices, positioning the company to help clients than 80 countries. However, it is the Yes I of corporate and investment banking solutions. with their legal needs anywhere in the world. Can!-spirit that differentiates Carlson Rezidor Citi is a leading global financial services company, The company strives to be the leading global from their competitors. with businesses in more than 160 countries and business law firm by delivering quality and jurisdictions. Citi has been in the Nordic countries value to their clients. This is achieved through Chevron Norge since the 1970s, with offices also in Stockholm, practical and innovative legal solutions. DLA Copenhagen and Helsinki. Piper is the largest law firm in the Nordic region, Chevron is the second largest inte- with 5 offices and 370 lawyers. The company grated energy company in the United Coca-Cola Enterprises Norge employs 80 lawyers in Norway from its offices States and is active in 180 countries in Oslo. worldwide. Founded in 1879 in Cal- The Coca-Cola Company ifornia, Chevron began marketing activities in (TCCC) is the world’s largest DNB Europe in the early 1900s. In 1964, a Chevron manufacturer of non-alcoholic and Texaco joint venture drilled the North Sea’s beverages. Worldwide, TCCC has more than DNB is Norway’s largest financial first exploration well. In 1965, they spudded the 400 different products. Coca-Cola European services group and one of the first of two exploration wells in the Svalbard Partner Norway (CCEPN) is the Norwegian largest in the Nordic region in terms of market archipelago of northernmost Norway. During Coca-Cola bottler and now Norway’s largest capitalization. The group offers a full range of 2015 Chevron produced about 2.6 million bar- producer of non-alcoholic beverages. CCEPN financial services, including loans, savings, rels of oil equivalents (boe) per day worldwide has approximately 700 employees, and is advisory services, insurance and pension increasing to 3.1 million boe in 2017. European responsible for the production and sales in products for retail and corporate customers. upstream activities are headquartered in Norway. CCEPN also cooperates with the DNB is Norway’s largest investment bank and Aberdeen, Scotland, with offices in Norway and breweries Mack Bryggerier and Telemark a partner for Norwegian companies abroad and Denmark. Chevron’s Norway upstream oper- Kildevann, which produce some of the products for large international companies in Norway. ations are located in Oslo. in the portfolio. CCEN also has sales offices in With a presence in 18 countries, DNB is a various locations throughout the country. The leading global player in selected industries and Cisco Systems Norway brand management and the marketing strat- one of the world’s foremost shipping banks, a egies are managed by Coca-Cola Norge AS, major international market player in the fish- Cisco Systems Norway powers which is a part of TCCC based in Lørenskog eries and seafood, and energy sectors. the new way of working, where with approximately ten employees. everyone, everywhere can be DNV GL more productive through face-to-face collab- ConocoPhillips Norge oration. The company designs, develops and DNV GL enables organizations markets systems and software for video, voice ConocoPhillips is the to advance the safety and and data communication. Cisco is the market world’s largest inde- sustainability of their business. The company share leader and the fastest growing company pendent exploration and production company provides classification and technical assurance in the telepresence and video conferencing based on proved reserves and production of along with software and independent expert industry. The company’s video solutions is found liquids and natural gas. The company’s head- advisory services to the maritime, oil and gas, in over 90 countries, improving return on quarters are located in Houston, Texas, and they and energy industries. It also provides certifi- 44 cation services to customers across a wide to creating high-quality medicines that meet and gas industry. They help customers overcome range of other industries. Operating in more real needs, and today it remains true to that their most difficult challenges, such as improv- than 100 countries, DNV GL’s 15,000 profes- mission in all their work. Across the globe, Lilly ing shale and subsea infrastructures and sionals are dedicated to helping its customers employees work to discover and bring life operations to reduce cost, maintain uptime, become safer, smarter and greener. changing medicines to those who need them, and maximize oil and gas recovery. Named by improve the understanding and management Forbes® Magazine as one of the World’s Most Eiendomsspar of disease, and give back to communities through Innovative Companies in 2013, the company philanthropy and volunteerism. To learn more has approximately 20 000 employees and Eiendomsspar is about Lilly, please visit www.lilly.no or www. operates 24 production facilities in 14 countries. one of Norway’s lilly.com. In Norway, FMC Technologies has several offices leading real estate companies. Eiendomsspar’s and runs numerous projects. Visit FMC Tech- business idea is to own, develop, and refine the ExxonMobil nologies, Inc. on Twitter @ FMC_Tech for more office, retail and hotel properties for rental. information. High quality of the property, prime location and ExxonMobil Exploration an operating philosophy based on service and & Production Norway AS Gambit Hill + Knowlton Strategies professionalism has given Eiendomsspar a is one of the largest oil and gas producers on strong position in the real estate market. the Norwegian Continental Shelf (NCS). The GAMBIT Hill+Knowlton Strate- Eiendomsspar operates through ownership company is a partner in more than 20 produc- gies understands how and development of properties, as well as ing fields and is a significant investor in Norway. audiences think and through its ownership in the Swedish hotel ExxonMobil has been present in Norway since engage with the world, and recognize that in property company Pandox AB. Hotels, office 1893 and opened the first modern refinery at today’s ever-connected world, it is all about buildings and retail shops account for the bulk Slagen in 1961. ExxonMobil was awarded the integrated communications. Gambit H+K is a of rental income. One of Eiendomsspar’s main first offshore License (PL001) in Norway in 1965 public relations and integrated communications strengths is the quality of its tenant portfolio. and is marketing Esso fuels and Mobil Lubes agency. The company operates in three core through about 250 dealer and branded whole- business areas: market communications, Elavon Financial Services saler Esso stations in Norway. corporate communications and public affairs. In addition, they host a range of professional Elavon has been a leader in First House seminars, like Gambit Defense Forum and the processing payments for over Norwegian Washington Seminar. Gambit H+K twenty years, leveraging the world’s best tech- First House is an has offices in Oslo and Stavanger with more nologies for customers, from large worldwide international strategic than 60 employees who cover a wide range of enterprises to locally-owned small businesses. advisory firm located in Norway. Widely regarded competencies. They are also part of the global Elavon extends powerful payment solutions for as the leading public policy, corporate and Hill+ Knowlton PR network with over 85 offices all payment types and processing environments, financial communication firm, its advisors have in more than 45 countries. ensuring that businesses, whatever the size, unique experience from politics, government remain well connected. Elavon is consistently agencies, business, finance, and media. The GE Healthcare rated among the top five global payment pro- company takes pride in creating value for its viders, with their robust, redundant processing clients, supporting their growth, building effi- GE Healthcare provides trans- platform and end-to-end advantage ensuring cient organizations and forging fruitful relations formational medical technologies commerce for merchants around the world. with their stakeholders. First House provides and services that are shaping a Backed by the strength and stability of US Bank, insight and advises on risks and opportunities new age of patient care. The expertise in Elavon delivers flexible, secure and innovative to corporations that seek to establish business medical imaging and information technologies, solutions while providing value at every point in Norway, and to their owners and lenders. medical diagnostics, patient monitoring sys- for customers and partners. The company also assists with reputation and tems, performance improvement, drug dis- crisis management. covery, and biopharmaceutical manufacturing Eli Lilly Norge technologies are helping clinicians around the FMC Technologies world re-imagine new ways to diagnose and Lilly is a global healthcare leader treat cancer, heart disease, neurological that unites caring with discovery FMC Technologies, diseases and other conditions earlier. GE to make life better for people Inc. is the global Healthcare is part of General Electric. World- around the world. The company was founded market leader in subsea systems and a leading wide, GE Healthcare employs more than 50,000 more than a century ago by a man committed provider of technologies and services to the oil people committed to serving healthcare 45 professionals and their patients in more than 380 000 employees serving clients in 175 King Food - Burger King Norge 100 countries. In Norway, GE Healthcare countries. IBM offers a wide range of technol- employs around 1 400 workers over several ogy and consulting services; a broad portfolio King Food AS, owned by UMOE different locations. of software for collaboration, predictive ana- Restaurants AS, has had the lytics, software development and systems franchise rights for Burger King GE Oil & Gas management; and the world’s most advanced in Norway since 1988, when the servers and supercomputers. In Norway, IBM first restaurant opened in Oslo. GE Oil & Gas is a world has contributed to innovation and progress Today, King Food AS/AB operates 75 restaurants leader in advanced tech- since 1935. In cooperation with their partners, in Norway, Sweden and Denmark. In addition, nologies and services with they deliver smart solutions to companies and King Food is the Master franchisee for Burger 45 000 employees in more than 100 countries organizations of all sizes in both public and King in Scandinavia. By Q1 in 2017, King Food supporting customers across the industry — from private sector. had 221 restaurants in Scandinavia, including extraction to transportation to end use. In sub-franchisees. Our purpose is true to the Norway, the company has 2,100 dedicated Iron Mountain founders of Burger King: To offer high quality people working across the country – from fast food at a reasonable price in clean and Lindesnes in the south to Hammerfest in the Iron Mountain Incor- pleasant surroundings. At the same time, we north. Through customized service solutions, porated helps organizations around the world aim to take the best possible care of our training programs and technologies, GE Oil & reduce the costs and risks associated with employees. Gas partners with customers to maximize their information protection and storage. The com- efficiency, productivity and equipment reliabil- pany offers comprehensive records management, KPMG ity; develop their next generation workforce; data protection, and information destruction and fully benefit from the megatrends of nat- solutions along with the expertise and experi- KPMG is one of the world’s ural gas, the growth of subsea and hard-to-reach ence to address complex information. Founded leading providers of audit, tax reserves and the revolution in asset health in 1951, Iron Mountain is a trusted partner to and advisory services. They management. more than 156 000 corporate clients through- work closely with their clients, helping them to out North America, Europe, Latin America and mitigate risks and grasp opportunities. The Google Norway the Pacific Rim. The company has 20 000 company aims at responding to the complex employees and more than 1 000 facilities business challenges the clients are facing. Google opened their Nor- worldwide with revenue of $3 billion. Its head- KPMG operates in 156 countries and has over wegian office in May quarters are in Boston, Massachusetts USA, 152 000 employees. In Norway over 1 000 2005. Google Norway also and in Norway they are located in Oslo and dedicated professionals work across 26 offices represents YouTube.no, the world’s second Stavanger. throughout the whole country dealing with a largest search engine and largest video site, variety of complex business issues. The group with over 4 billion videos played every day. Today Janssen Pharmaceutical includes KPMG Law, specializing in corporate most companies operating in the Norwegian tax law, transfer pricing and expatriate tax marketplace have discovered Google as the Janssen joined issues. KPMG also has US Desks in Oslo and world’s most effective advertising medium. Johnson & Stavanger. Every day, billions of queries connect buyers Johnson in 1961 and sellers around the world, and the adver- and is now a Lockheed Martin Corporation tisers only pay when someone, who is looking member of the for exactly what they have to sell, click on their Janssen Pharmaceutical Companies of Johnson Headquar- ads. Google Norway AS is a subsidiary of Google & Johnson. The company develops and markets tered in Inc. and is the workplace of approximately 35 innovative, high-quality pharmaceutical products Bethesda, Maryland, Lockheed Martin is a Googlers from five countries. and services. Janssen’s current European global security and aerospace company that workforce is approximately 6 000 employees. employs approximately 97 000 people worldwide IBM In Norway, Janssen conducts clinical research, and is principally engaged in the research, marketing and sales of the company’s design, development, manufacture, integration IBM is a global technology pharmaceuticals. The main office is located at and sustainment of advanced technology sys- and innovation company Lysaker in Oslo, where 40 employees comprise tems, products and services. that stands for progress. It the Norwegian operations. is the largest technology and consulting employer in the world, with approximately 46

Manpower employees in the headquarters in Lysaker, Oslo, Petroleum Geo-Services (PGS) Norway, while 250 employees are working in ManpowerGroup, the world the Microsoft Development Centres in Oslo, Petroleum Geo-Services (PGS) is a leader in innovative workforce Trondheim and Tromsø. In Norway, Microsoft focused Marine geophysical company solutions, creates and deliv- works closely with 1 900 partners that offer that provides a broad range of seismic ers high-impact solutions Microsoft’s services and devices to the market. and reservoir services, including acquisition, that enable their clients to achieve their busi- imaging, interpretation, and field evaluation. ness goals and enhance their competitiveness. MSD Since its start-up in 1991, PGS has pioneered These solutions cover an entire range of tal- the development of multi-streamer (3D) marine ent-driven needs from recruitment and assess- For more than a seismic acquisition for producing increasingly ment, training and development, and career century, MSD has efficient, high-quality seismic data. The intro- management, to outsourcing and workforce been inventing for duction of GeoStreamer® in 2007 has provided consulting. ManpowerGroup maintains the life, bringing forward medicines and vaccines a step change in marine technology and data world’s largest and industry-leading network for the world’s most challenging diseases. MSD quality giving the Company a unique position of nearly 3 100 offices in over 80 countries and is a trade name of US based Merck & Co., Inc., in the provision of dual sensor streamer acqui- territories, generating a dynamic mix of an a leading global biopharmaceutical company. sition. With headquarters in Oslo, Norway, the unmatched global footprint with valuable insight MSD was established in Norway in 1970 and company also has presence in 17 other countries, and local expertise to meet the needs of its the office in Drammen holds 120 employees. including larger regional offices in London, 400 000 clients per year. Operations in Norway In Norway, MSD is one of the biggest contrib- Houston and Kuala Lumpur. generate over 35 000 assignments every year. utors to pharmaceutical clinical studies. Through their study programs, MSD provide important Pfizer Norway McDonald’s Norge knowledge about medicines’ efficacy and safety, facilitate that Norwegian clinicians get expe- Pfizer Inc, founded in 1849, is McDonald’s was established in rience with new treatments and most importantly dedicated to better health and Norway in 1983 by Theo Holm. help ensure Norwegian patients get early access greater access to healthcare for Today there are 72 restaurants to innovative medicines. people. It is the world’s largest pharmaceutical and 2 500 employees, which company. Pfizer headquarters are located in makes the company one of the largest employ- Northrop Grumman Corp. New York and represented in more than 150 ers of youth in Norway. McDonald’s is ranked countries. There are more than 110 000 employ- the 3rd best workplace for 2017 and employs Northrop Grum- ees in the company. Pfizer was established in people from over 80 different nationalities in man is among Norway in 1959, and there are approximately Norway. McDonald’s is a proud partner to the leading defence and security suppliers in 85 employees within sales, marketing and Norwegian agriculture and sources over 80% Europe with more than 2 200 employees, sig- medical. of all raw materials locally. In 2016 the Ronald nificant long-established businesses and a McDonald House Charities opened its first range of programme interests including Norway, Philip Morris Norway children’s house in association with the Stine where it delivers proven and trusted defence Sofie Stiftelse. This is the first project of its kind and security capabilities to government and Philip Morris International in the world, giving violently abused children a commercial customers. Northrop Grumman’s PHILIP MORRIS NORWAY AS Inc. is the leading interna- second chance. history of partnership with Norway began in tional tobacco company, with 1940 when it provided 24 Northrop N-3PB six of the world’s top 15 international brands, Microsoft Norge floatplane aircraft for the RNoAF. Norway was including Marlboro, the world’s best-selling the first international customer for the Northrop cigarette brand. In 2015, PMI held an estimated Microsoft (Nasdaq “MSFT” F-5 aircraft. Industrial collaboration with 28.7% share of the total international cigarette @microsoft) is the leading Kongsberg Defence Systems on programmes market excluding the People’s Republic of China platform and productivity company for the mobile- including F-35, and NATO Alliance Ground and the United States. PMI aims to reduce the first, cloud-first world, and its mission is to Surveillance (AGS) system, is important to harm caused by smoking by supporting effec- empower every person and every organization on Northrop Grumman. tive evidence-based regulation of tobacco the planet to achieve more. Headquarters are www.northropgrumman.com/europe products and through investment in developing located in Redmond, WA, and the company has products with the potential to reduce the risk more than 100 000 employees worldwide. of tobacco-related disease. With 21 employees Founded in 1975, Microsoft opened their Nor- in Norway PMI is the leading tobacco company wegian office in 1990. Microsoft has 300 in Norway. 47

PricewaterhouseCoopers substitution and through solutions that combine countries. SEB has worked in Norway since the aluminium with other materials. beginning of the 1900s, supporting clients that Building trust in society and solving are today among the largest companies in the important problems. Every day more SAS Institute country. The bank offers a complete range of than 223 000 people in 157 coun- financial solutions to corporate and institutional tries are working to help PWC’s customers SAS is the leader in clients, as well as wealthy individuals and succeed. In Norway the company has over 1700 analytics. Through families. SEB is also a market leader within employees in 27 offices. PWC is among the innovative analytics, cards through the Eurocard and Diners Club leading professional services networks in the business intelligence and data management brands. world; they help organizations and individuals software and services, SAS helps customers create the value they’re looking for, by deliver- at more than 83 000 sites make better decisions Statoil ing quality in assurance, tax and advisory faster. Since 1976, SAS has been giving cus- services. tomers around the world THE POWER TO Statoil is an international energy KNOW®. SAS has built a strong position in the company present in more than Roche Nordic and Baltic region where it supports 30 countries. Building on more above 1 300 customers from offices in Oslo, than 40 years of experience Roche is a global pioneer in Stavanger, Copenhagen, Skanderborg, Stock- from oil and gas production on the Norwegian pharmaceuticals and diagnos- holm, Helsinki and Tallinn. SAS Institute serves continental shelf, Statoil is committed to tics focused on advancing nearly all industries with multiple cutting-edge accommodating the world’s energy needs in a science to improve people’s lives. The combined analytical capacities, including high-performance responsible manner, applying technology and strengths of pharmaceuticals and diagnostics analytics, in-database processing and taking creating innovative business solutions. The under one roof have made Roche the leader in full advantage of the value hidden in unstructured company is headquartered in Stavanger, Norway personalised healthcare – a strategy that aims data. with approximately 21 600 employees worldwide, to fit the right treatment to each patient in the and is listed on the New York and Oslo stock best way possible. Roche is the world’s largest Schlumberger exchanges. biotech company, with truly differentiated medicines in oncology, immunology, infectious Schlumberger is the world’s Tesla diseases, ophthalmology and diseases of the leading provider of tech- central nervous system. Roche is also the world nology for reservoir characterization, drilling, Tesla Inc was founded in leader in in vitro diagnostics and tissue-based production, and processing to the oil and gas 2003 by a group of engi- cancer diagnostics, and a frontrunner in dia- industry. In Norway, Schlumberger has main neers in Silicon Valley who wanted to prove that betes management. For more information, offices and bases in Stavanger, Oslo and Bergen electric cars could be better than gasoline-pow- please visit www.roche.com. and supply bases spread along the coast. ered cars. With instant torque, incredible power, Globally employing approximately 100,000 people and zero emissions, Tesla’s products would be Sapa representing over 140 nationalities and work- cars without compromise. Each new generation ing in more than 85 countries, Schlumberger would be increasingly affordable, helping the With 22 800 employees in provides the industry’s widest range of products company work towards its mission: to accel- over 40 countries, Sapa is and services from exploration through produc- erate the world’s transition to sustainable the world leader in aluminium solutions. head- tion. In 2015, Schlumberger invested $1.1 billion energy. The Gigafactory will produce battery quartered in Oslo, Sapa operates close to 100 in R&E for its oilfield activities. Schlumberger packs intended for use in stationary storage, production facilities and has a turnover of 55 invests more each year in R&E than all other helping to improve robustness of the electrical billion NOK. The company provides extruded oilfield services companies combined. grid, reduce energy costs for businesses and aluminium-based solutions for customers in residences, and provide a backup supply of a wide range of industries across the globe SEB power. such as trucks, consumer electronics, cars, trains and ships, building solutions, machine For more than 150 years, SEB TGI Friday’s/ American Bistro Scandinavia parts, furniture details and other industrial has helped companies grow applications. Sapa’s approach is to deliver and advised generations of TGI Fridays created, and has solutions that satisfy and surpass customer the same family. SEB has grown with clients continued to define, the casual expectations, and which are sustainable. The through the Nordic and Baltic countries and dining category with fun, ener- company utilizes its technical leadership to Germany and into the world’s financial centers. getic ambience, quality food and drinks, and drive product development through material Today SEB’s 16 000 employees work in 20 exceptional guest experiences! Within Scandi- 48 navia, American Bistro Scandinavia is proudly Tine from business continuity to back up and successful within the TGI Friday‘s franchise recovery to software defined storage and system. Since the opening of the restaurants After more than 130 years in information governance – is designed around at Stureplan in Stockholm in 1996 and Karl business, today, the TINE the principle that information is more import- Johans Gate in 1997, the company has defined Group is Norway’s largest ant than infrastructure. Veritas has the privilege that a Friday‘s restaurant can be a unique supplier of dairy products. The company pro- to help the world’s organizations – including combination of a restaurant and bar experience cesses clean and natural raw materials into 86% of the global Fortune 500 – collect, protect, that leaves the competition envious. American good and healthy food, and is a cooperative analyze and optimize their data. Bistro Scandinavia operates eight restaurants society owned by almost 11 000 milk-producing and bars in Norway and four in Sweden. farmers. TINE’s vision is to create good food Yara International moments for people. TINE SA aims to be the Thon Hotels leading supplier of branded dairy products for Yara International ASA, founded in food and drink in Norway, and all products are 1905 in Norway, delivers sustainable By offering a warm and welcoming distributed under the TINE trademark. The solutions for agriculture and the atmosphere in the hotel and a high TINE Group has international subsidiaries in environment. Yara’s knowledge, products and level of service with knowledgeable Sweden, Denmark, the UK and the US. In solutions help growing farmers, distributors employees, Thon Hotels’ guests have a positive addition, the group works with independent and industrial customers’ businesses profitably hotel experience every time they stay with Thon distributors and partners worldwide. and responsibly, while protecting the earth’s Hotels. Thon Hotels is part of the Olav Thon resources, food and environment. Yara has a Group and has 66 hotels in Norway and one in Veritas worldwide presence with operations in more Sweden. Additionally, Thon Hotels has five hotels than 60 countries and sales to more than 150 in Brussels and one in Rotterdam. Thon Hotels The exponential growth of countries totaling a workforce of close to 13 000 is a member of Global Hotel Alliance (GHA) and data and the resources and selling more than 26 mill tons of fertilizer by joining their loyalty program – Thon Discov- needed to manage it is one of the most press- annually. Yara’s global operations includes more ery – guests receive benefits for stays at all ing issues facing business today. Moreover, it than 20 production facilities in 15 countries and Thon hotels, as well as 450 other hotels world- is not just the amount of data. It is where it lives more than 200 warehouses and terminals, wide. and how it travels between private clouds, public making it the world’s largest supplier of mineral clouds and back to on premises. Every one of based fertilizers. Veritas’ information management solutions –

Photo: Nancy Bundt 49

AmCham Digitalization Forum

In 2017, AmCham introduced its first of many “This not only means Digitalization Forum sessions. Hosted at Cisco, attracting young, new talent to companies, but the objective of this and future roundtable relates to customers too. discussions is to serve as a platform upon which Relevant technologies AmCham’s diverse membership can share exist in many indus- perspectives on how digitalization is affecting tries, but people don’t respective industries. use them,” observed one Managing Director participant. Moderator in the first session, Jennifer Vessels from Next Step, Jennifer Vessels , Next Step based in Silicon Valley, guided invited participants through Aspects such as trust in the cloud, clear business rules, attracting discussions around various topics related to the future of competence and increased understanding of what digital change digitalization in the Norwegian context. means, were all discussed as keys to successful digitalization. “We need to break through the fear of change! In order to do so, While the participants agreed that digitalization as a concept is we need a better understanding of what digital change means. potentially daunting and that collaboration across industries, That means teaching people how to change and implement sectors and policy makers is essential to create dialogue, it was new technologies and opportunities in the process – which is also noted that certain aspects are more challenging than others. difficult,” said Next Step CEO Jennifer Vessels. Perhaps most notably across industries was the willingness for AmCham is planning to continue hosting Digitalization Forums both customers and employees to embrace change. throughout the year, as leveraging of technology to enhance organizations’ operations is a key focus area for our members. “One challenge is that many people are too entrenched to care and unwilling to implement full digitalization.” 50

AmChams in Europe US Conference

AmCham Norway traveled to Washington D.C. and Boston with 33 European counterparts for the annual AmChams in Europe US Conference, engaging in transatlantic related discussions at the US Chamber of Commerce, the US Department of Commerce and eleven company visits.

Meeting with companies, organizations and governmental agencies to gain further knowledge about topics relevant for respective member companies, the conference - which aims to increase awareness of AmChams in Europe in the U.S, strengthen partnerships and gain insight into the current U.S. business and political climate - was this year particularly important considering the transitional political and business climate. 51 www.amcham.no