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Af Gruppen ASA (AFGRA.OL)

AFGRA.OL on Oslo Stock Exchange

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Summary

Name Age Since Current Position

Pal Ronn

49 2016 Chairman of the Board

Morten Grongstad

42 2015 President, Chief Executive Officer

Daniel Kjorberg Siraj

33 Vice Chairman of the Board

Sverre Haerem

52 2007 Chief Financial Officer, Executive Vice President

Bard Frydenlund

49 2016 Executive Vice President, Human Resources and Organization and Building South West

Arild Moe

52 Executive Vice President, Civil Engineering

Henning Olsen

39 2017 Executive Vice President, Building Greater Oslo and Sweden

Andreas Rosjo

37 Executive Vice President, Property and Energy

Amund Toftum

39 2016 Executive Vice President, Offshore

Eirik Wraal

38 2016 Executive Vice President, Environment and Corporate Social Responsibility

Hege Bomark

54 2012 Director

Pal Gjerp

60 2012 Director, Employee Representative

Kristian Holth

33 2016 Director

Borghild Lunde

52 2015 Director

Arne Sveen

47 Director, Employee Representative

Kenneth Svendsen

44 2012 Director, Employee Representative

Biographies

Name Description

Pal Ronn

Mr. Pal Egil Ronn has been Chairman of the Board of Directors of AF Gruppen ASA since May 12, 2016. He no longer serves as President and Chief Executive Officer of the Company effective as of October 16, 2015. He has held this position since May 14, 2007. He has held various managerial posts at AF. He serves on the Boards of Vedal AS, Sparebank 1 Gudbrandsdalen and Oster Hus Gruppen AS. He holds a degree in Civil engineering from Norwegian Institute of Technology. He holds Ph.D. from the Norwegian University of Science and Technology. He completed the Advanced Management Program at INSEAD.

Morten Grongstad

Mr. Morten Grongstad has been appointed President and Chief Executive Officer of AF Gruppen ASA effective as of October 16, 2015. Before that, he served as Executive Vice President for Property and Building at AF Gruppen ASA from 2012 until October 15, 2015. Previously he was CEO of Fornebu Utvikling. He has management experience from companies such as Orkla Eiendom and McKinsey. He holds Master of Science degree in Economics and Business Administration from BI Norwegian School of Management.

Daniel Kjorberg Siraj

Mr. Daniel Kjorberg Siraj serves as Vice Chairman of the Board of AF GRUPPEN ASA. He has been Director of the Company since May 15, 2014. He is President of OBOS. He previously was CEO of OBOS Nye Hjem and OBOS Fornebulandet. He has experience as Director for Strategy and Business Development at OBOS, Lawyer and City Council's Secretary for industry and development in Oslo municipality. He is Board Member of Block Watne AS. He holds a Law degree from Universitetet i Oslo.

Sverre Haerem

Mr. Sverre Haerem has been Chief Financial Officer and Executive Vice President at AF Gruppen ASA since July 30, 2007. He was also Executive Vice President, Energy from 2012 till 2013. Previously he was VP Finance at Dyno ASA and CFO at Fjord Seafood ASA. He holds Master of Science degree in business administration from Handelshoyskolen BI.

Bard Frydenlund

Mr. Bard Frydenlund has served as Executive Vice President, Human Resources and Organization and Building South West at AF Gruppen ASA since January 1, 2016. He was previously Human Resources Director and held various positions within personnel and finance at AF since 2000. He is a graduate economist and Master of Management from Handelshoyskolen BI, in addition to studying law at the University of Oslo.

Arild Moe

Mr. Arild Moe serves as Executive Vice President, Civil Engineering at AF Gruppen ASA. He has held various managerial posts at AF since 1990. He holds a degree in engineering from Oslo University College and a degree in business economics from the University of Agder.

Henning Olsen

Mr. Henning Olsen has served as Executive Vice President, Building Greater Oslo and Sweden at AF Gruppen ASA since 2017. He has previously been Executive Vice President Building since January 1, 2016. He came from the position of Head of AF Eiendom and was previously CFO at AF Bygg Oslo. He also worked at Stratkraft and BCG. He has been with AF since 2010. He holds a Master of Science degree in Business from Handelshoyskolen BI.

Andreas Rosjo

Mr. Andreas Jul Rosjo serves as Executive Vice President, Property and Energy at AF Gruppen ASA. He has held various managerial positions in the Company and joined in 2007. He previously was Consultant at Capgemini. He holds a Master of Science degree in Business Administration from Handelshoyskolen BI.

Amund Toftum

Mr. Amund Toftum has served as Executive Vice President, Offshore at AF Gruppen ASA since January 1, 2016. He came from the position of project director in AF Offshore Decom. He has experience from business development and operational positions at Anlegg and Offshore in AF. He is a chartered engineer from the Norwegian University of Science and Technology and has worked at AF since 2005.

Eirik Wraal

Mr. Eirik Wraal has been Executive Vice President, Environment and Corporate Social Responsibility at AF GRUPPEN ASA since January 1, 2016. He came from the position of head of AF Decom and has been with the Company since 2004. He is a chartered engineer from the Norwegian University of Science and Technology.

Hege Bomark

Ms. Hege Bomark has served as Member of the Board of Directors of AF Gruppen ASA since May 11, 2012. She has worked as a financial analyst for Fearnley Finans (Fonds) AS and Orkla Finans (Fondsmegling) AS. She has previously served on the boards of Norwegian Property ASA, BWG Homes ASA and Fornebu Utvikling ASA, among others, and is now on the boards of Union Eiendomsinvest Norge AS and OBOS-banken AS. She holds Master of Business and Economics, NHH.

Pal Gjerp

Mr. Pal Jacob Gjerp has served as Director, Employee Representative at AF Gruppen ASA since May 11, 2012. He was employed by AF Group in 2000 as a specialist in concrete. He is currently QA manager at AF Bygg in Oslo. He has previously worked with NOTEBY (Multiconsult), Norwegian Concrete Technologies and PA Entreprenor. He holds a degree in building engineering from the Norwegian Institute of Technology (now NTU).

Kristian Holth

Mr. Kristian Holth has been Director of AF GRUPPEN ASA since May 12, 2016. He has been CFO at KB Gruppen Kongsvinger AS and Contiga AS. He also has experience from McKinsey & Company. He is Board Member of Gunnar Holth Grusforretning AS and BRG Entrepenor AS. He is Civil Engineer in Industrial Economics from NTNU.

Borghild Lunde

Ms. Borghild Lunde has been Director of AF Gruppen ASA since May 13, 2015. She is Director, Oil, Gas and Chemicals at ABB. She is member of the management in Norwegian operations of the company and in the global management group for Oil, Gas and Chemicals with responsibility for Denmark, Russia, France, Poland and South Korea. She has held various positions within the oil and gas operations in ABB. She is Civil Engineer from Norges Tekniske Hoyskole.

Arne Sveen

Mr. Arne Sveen serves as Director, Employee Representative at AF Gruppen ASA. He is head employee representative and head safety delegate in AF. He has worked in AF since 1999, and has held the roles of head employee representative and head safety delegate for the past two years, with responsibility for the Collective Agreement for the Building Industry. Previously, he worked as a crane operator.

Kenneth Svendsen

Mr. Kenneth Svendsen has served as Director, Employee Representative at AF Gruppen ASA since May 11, 2012. He has been with AF Group since 1998 and has had various roles within the company, including marking-out supervisor, operations manager and project manager. He is currently division director in AF Anlegg's underground service division. He holds a degree in building and construction engineering, Narvik University College.

Basic Compensation

Name Fiscal Year Total

Pal Ronn

7,114,000

Morten Grongstad

7,369,000

Daniel Kjorberg Siraj

272,000

Sverre Haerem

5,291,000

Bard Frydenlund

3,098,000

Arild Moe

4,405,000

Henning Olsen

3,001,000

Andreas Rosjo

3,542,000

Amund Toftum

3,173,000

Eirik Wraal

2,486,000

Hege Bomark

287,000

Pal Gjerp

190,000

Kristian Holth

210,000

Borghild Lunde

272,000

Arne Sveen

190,000

Kenneth Svendsen

190,000
As Of  31 Dec 2016