A seasoned business leader with experience in the oil and gas industry, Olav Fjell was the chief executive officer of Statoil from 1999 to 2003 and of Hurtigruten from 2007 to 2012. He has also served as the CEO of Postbanken and Lindorff. He has also been part of the senior management teams at Kongsberg Våpenfabrikk and DNB. Other directorships have included Chair of Nofima AS, Concedo ASA, Rapp Marine Group AS, Swix Sport AS, Bene Agere Norden AS  and Franzefoss AS. He was also the deputy chair of Lotos Exploration and Production Norge. He received a B. Sc. in Business Administration and Economics and an MS in Business from the Norwegian School of Economics and Business Administration (NHH Norges Handelshøyskole).