Chairman, Beyond Budgeting Institute
Senior Advisor Performance Framework, Equinor
Bjarte Bogsnes has a long international career, both in Finance and HR. He is currently heading up the Beyond Budgeting implementation at Equinor, Scandinavia’s largest company with operations in 36 countries and a turnover of 130 bn USD. On Fortune 500, the company was recently ranked #1 on Social responsibility and #7 on Innovation. Transparency International has named Equinor the most transparent listed company globally.
Bjarte is a popular international business speaker and winner of a Harvard Business Review/McKinsey Management Innovation award. He is the author of “Implementing Beyond Budgeting – Unlocking the Performance Potential”, where he writes about his implementation experiences. Equinor realized that traditional leadership and management practices no longer work in today’s competence organizations operating in business environments more complex, dynamic and unpredictable than ever. The company implemented innovative alternatives to traditional management, like abolishing traditional budgets and calendar-based management in favor of more decentralized, agile and human processes.
He has spent half his career outside Norway, including several years in the European petrochemicals company Borealis as vice president for corporate control and later for human resources. At Borealis he also headed an initiative to manage the company without a budget. He graduated from the Norwegian School of Economics and Business Administration in 1983, joining Equinor in the same year.
Follow Bjarte on Twitter at: @bbogsnes