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Gjensidige Forsikring ASA (GJFS.OL)

GJFS.OL on Oslo Stock Exchange

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Summary

Name Age Since Current Position

Gisele Marchand

61 2018 Independent Chairman of the Board

Helge Baastad

59 2003 Chief Executive Officer

Jostein Amdal

54 2016 Chief Financial Officer, Executive Vice President for Finance

Kaare Ostgaard

55 2015 Executive Vice President, Technology and Infrastructure

Jorgen Ringdal

59 2018 Executive Vice President, Organization, Human Resources and Security

Sigurd Austin

48 2018 Executive Vice President, Private

Lars Bjerklund

48 2018 Executive Vice President, Commercial

Aysegul Cin

38 2018 Executive Vice President, Sweden

Janne Flessum

2018 Executive Vice President, Communication and Shared Services

Mats Gottschalk

42 2018 Executive Vice President, Denmark

Catharina Hellerud

51 2016 Executive Vice President, Analytics, Product and Price

Vibeke Krag

57 2018 Director

Lotte Kronholm Sjoberg

47 2015 Director, Employee Representative

Terje Seljeseth

59 2018 Director

Per Bjorge

69 2011 Independent Director

Eivind Elnan

45 2017 Independent Director

John Giverholt

67 2016 Independent Director

Hilde Nafstad

56 2017 Independent Director

Mitra Hagen Negard

2018 Head of Investor Relations

Biographies

Name Description

Gisele Marchand

Ms. Gisele Marchand has been Independent Chairman of the Board of Directors of Gjensidige Forsikring ASA since April 5, 2018. She has been Independent Director of the Company since 2010. She is Chairman of the Remuneration Committee and Member of the Risk Committee at the Company. She is a board member and chair of the audit committee of Norgesgruppen AS. Further on she is chair in Selvaag Bolig ASA, as well as chair of the remuneration and audit committees. She is also board member of Eiendomsspar AS, Victoria Eiendom AS, Scatec Solar ASA and Boligbygg Oslo KF. She has previous experience from several Boards, e.g. Norske Skog ASA and Oslo Bors AS. Marchand has previously been CEO of the law firm Haavind AS, Eksportfinans AS, the Norwegian Public Service Pension Fund, the Bates Group and an EVP of Den norske Bank, where she had the responsibility for private- and commercial customers in Norway. She is a graduate of Copenhagen Business School.

Helge Baastad

Mr. Helge Leiro Baastad has been Chief Executive Officer of Gjensidige Forsikring ASA since 2003. He is member of the board of Finance Norway, (the Norwegian federation for banks, insurance companies and other financial institutions, Ungt Entreprenorskap (Junior Achievement young enterprise Norway), Nykredit Holding A/S and Nykredit Realkredit A/S. He joined the Company in 1998 as manager of the retail segment and in 2000 was appointed executive vice president responsible for group marketing and support functions. He has previously held various senior management positions with Jordan AS and Denofa Lilleborg Fabrikker. Baastad holds a degree from the Norwegian School of Economics based on a four year program in economics and business administration consisting of three years at bachelor/undergraduate level and one year at master/graduate Level.

Jostein Amdal

Mr. Jostein Amdal has been Chief Financial Officer and Executive Vice President for Finance of Gjensidige Forsikring ASA since October 1, 2016. He joined Gjensidige as Finance Director in 2002 and has since served as Chief Risk Officer and Head of Capital Management and M&A. His previous work experience includes management positions with If, Storebrand and Kvaerner. He holds a degree from the Norwegian School of Economics and Business Administration (NHH) based on a four year program in economics and business administration consisting of three years at bachelor/undergraduate level and one year at master/graduate level, as well as a "higher degree" based on two years of graduate studies in finance and economics, also at NHH.

Kaare Ostgaard

Mr. Kaare S. Ostgaard has been Executive Vice President, Technology and Infrastructure at Gjensidige Forsikring ASA since January 1, 2015. Before that, he served as Executive Vice President of Claims and IT of Gjensidige Forsikring ASA from June 20, 2011. He joined Gjensidige in 2004 and has been member of the Senior Group Management since 2011. He came from a position as Head of IT in Gjensidige. In addition, he was Head of the Integration of Nykredit Forsikring in Denmark, following the acquisition in 2010. His previous experience includes the position as Deputy Managing Director of ErgoGroup from 1999 to 2004. He holds a Master of General Business from the Norwegian Business School (Handelshoyskolen BI). He is Chairman of the Board of Gjensidige Baltic.

Jorgen Ringdal

Mr. Jorgen Inge Ringdal has been appointed Executive Vice President, Organization, Human Resources and Security at Gjensidige Forsikring ASA, effective as of March 1, 2018. He no longer serves as Executive Vice President, Group Staff and General Services of Gjensidige Forsikring ASA effective as of March 1, 2018. He has held the position since 2006. He has worked for the Company since 1996 and has been member of the group management since 1996. He has held various executive positions within the group, including Corporate President of Economics/Finance. Before joining the Company, he served in a number of managerial positions, such as Assistant Chief Auditor with Norges Bank from 1989 to 1993 and as Manager with KPMG from 1993 to 1996. He holds a Master of Business Administration degree from Norges Handelshoyskole, Bergen - NHH and is State Authorized Public Accountant.

Sigurd Austin

Mr. Sigurd Austin has been appointed Executive Vice President, Private at Gjensidige Forsikring ASA, effective as of September 1, 2018. He has previously been Executive Vice President, Claims and Sweden since November 1, 2017. Before that, he has been Executive Vice President, Claims since January 1, 2015. He was Executive Vice President of Commercial of Gjensidige Forsikring ASA from June 20, 2011 until January 1, 2015. He joined the Company in 2003 and has held various executive positions in the Group, most recently as Head of small and medium-sized businesses and the agricultural sector. He previously held various managing positions in the Norwegian Armed Forces. He is Member of the Board of SOS International. He studied at the Norwegian Military Academy, holds a Master of Science degree from Handelshoyskolen BI (Norwegian Business School) and a Master's of Business Administration degree from the Norwegian School of Economics and Business Administration (Norges Handelshoyskole, Bergen - NHH).

Lars Bjerklund

Mr. Lars Goran Bjerklund has been appointed Executive Vice President, Commercial at GJENSIDIGE FORSIKRING ASA, effective as of September 1, 2018. Bjerklund joined Gjensidige in 2003 and has held various senior management positions in the Group. Most recently, he has held positions as COO for Swedish operations, claims director with responsibility for motor and travel claims in Norway, and was for several years director of the SME and agriculture segment in the Norwegian Commercial division. Bjerklund holds a Master of Marketing and Management degree from the Norwegian School of Marketing (NMH) and an MBA degree from the Norwegian School of Economics and Business Administration (NHH).

Aysegul Cin

Ms. Aysegul Cin has been appointed Executive Vice President, Sweden at GJENSIDIGE FORSIKRING ASA effective as of September 1, 2018. Cin joined Gjensidige in 2006 as a trainee. She has held several senior positions in Gjensidige including in the Private, Group Development, Strategy, M&A and Claims divisions. Most recently, she held the position of Director of CRM and Digital Channels in the Commercial division. She holds an MSc in Industrial Economics and Technology Management from the Norwegian University of Science and Technology (NTNU) and the Karlsruhe University in Germany.

Janne Flessum

Ms. Janne Merethe Flessum has been Executive Vice President, Communication and Shared Services at GJENSIDIGE FORSIKRING ASA since March 1, 2018. She joined Gjensidige in 2011 as Head of Investor Relations, and from 2016 Flessum also assumed responsibility for M&A and Capital Management. She has previously held positions as investment analyst and portfolio manager in Orkla, corporate finance advisor in Kreditkassen and auditor in Coopers and Lybrand. Flessum holds a degree from the Norwegian Business School (BI) based on a four-year program in economics and business administration consisting of three years at bachelor/undergraduate level and one year at master/graduate level.

Mats Gottschalk

Mr. Mats C. Gottschalk has been appointed Executive Vice President, Denmark at Gjensidige Forsikring ASA effective as of September 1, 2018. He was previously Executive Vice President, Commercial from January 1, 2015 till August 31, 2018. He was Executive Vice President Strategy and Mergers and Acquisitions at the Company from December 19, 2011 until January 1, 2015. Mr. Gottschalk came from Goldman Sachs International in London where he worked as an Executive Director in the Investment Banking Division, focusing on strategic advisory and M&A within the financial institutions sector in Europe. Prior to joining Goldman Sachs he worked as an associate in the investment banking division at J.P. Morgan in London. Mr. Gottschalk holds a Master of Science degree in industrial economics and technology management from the Norwegian University of Science and Technology and the University of St. Gallen.

Catharina Hellerud

Ms. Catharina E. Hellerud has been Executive Vice President, Analytics, Product and Price at Gjensidige Forsikring ASA since October 1, 2016. She no longer serves as Chief Financial Officer (CFO) of the Company, effective as of October 1, 2016. She has held that position since December 19, 2011. Prior to this, she was Acting CFO of the Company since May 16, 2011, and before that, she held the position of Group Controller. She was also Head of Investor Relations at the Company in 2007. Ms. Hellerud previously worked for Oslo Stock Exchange, and she was Accountant at Ernst & Young. Hellerud is chair of the Board at Oslo Stock Exchange. She holds a Master of General Business from Handelshoyskolen BI and is State Authorized Public Accountant from Norges Handelshoyskole (NHH).

Vibeke Krag

Ms. Vibeke Krag has been Director of GJENSIDIGE FORSIKRING ASA since April 5, 2018. She is previously CEO of Codan Forsikring A/S, General Counsel of the Codan Group, Lawyer and Partner at Eversheds LLP, Head of Legal at Forstaedernes Bank A/S. She is a Board Member of Nykredit A/S, Nykredit Realkredit A/S, Eniig Energi A/S, Eniig Energi Naturgas A/S, Unified Credit and Competition Council. In addition she is a Member of the Nomination Committee for the University of Copenhagen. Krag has a Master of Law from University of Copenhagen and has a Board Leadership Masterclass from Copenhagen Business School.

Lotte Kronholm Sjoberg

Ms. Lotte Kronholm Sjoberg has been Employee Representative on the Board of Directors of Gjensidige Forsikring ASA since May 28, 2015. She is also Member of the Risk Committee. She is chair of the staff union in Gjensidige Forsikring Denmark. Among other things, she has previously held position as a consultant in the change and ownership- department in Nykredit Forsikring. Among other things, she has studied at Copenhagen Business School and has Master Degree in mediation and conflict resolution from Faculty of Law, Copenhagen University.

Terje Seljeseth

Mr. Terje Seljeseth has been Director of GJENSIDIGE FORSIKRING ASA since April 5, 2018. He is Member of the Risk Committee. He is working with analytics at the Tinius Foundation, and has previously been Executive Vice President in Schibsted for Product & Technology and for Classified Media. He has also been Managing Director in FINN.no, and has held various positions in Aftenposten AS and Telenor Media AS. Seljeseth is an ADB Candidate / IT from the Computer Science School in Oslo and has Mathematics/ Informatics from UIO.

Per Bjorge

Mr. Per Arne Bjorge has been Independent Member of the Board of Directors of Gjensidige Forsikring ASA since June 1, 2011. He is Chair of the Board and general manager of PAB Consulting AS. He also serves as Chair of the Board of Borgund Invest AS, Havskjer AS and Havskaar AS. He is Board Member of the Gjensidige Foundation and of 3D Perception AS and of Tafjord Kraft AS. Among other things, he has previously been a bank director with Kreditkassen (Nordea) and worked as an auditor. He has a bachelor in economics and is a qualified auditor.

Eivind Elnan

Mr. Eivind Elnan has been Independent Director of GJENSIDIGE FORSIKRING ASA since April 6, 2017. He is also Member of the Remuneration Committee. He has during the past ten years founded and built up two technology companies, Securo AS/Scuti AS and Hypoxic Technologies AS, both of which focus on fire protection solutions. He is now general manager of Hypoxic Technologies AS, which in 2017 became part of the German group Wagner Group GmbH. He has a Master of Science in Industrial Economics and Technology Management from the Norwegian University of Science and Technology (NTNU). Elnan has been a board member of the Gjensidige Foundation since 2016, and was previously a deputy member of the board. Elnan has previous work experience from Securo AS, Innherred Vekst AS and Accenture and other firms. In addition to being a member of the board of Gjensidige Foundation, he is Chair of the board of Scuti AS, Industrivegen 10 Verdal AS, Braxi AS and Ax Innovasjon AS. He is also member of the board of Securo AS.

John Giverholt

Mr. John Giverholt has been Independent Member of the Board of Directors of Gjensidige Forsikring ASA since April 7, 2016. He is also Chair of the Risk Committee. He was formerly Managing Director of Ferd AS. He was previously Chief Financial Officer of the same company, Executive Vice President at DNB and Deputy Finance Director at Norsk Hydro. He is Chairman in Lillevold og Partners AS and Ortomedic AS. He is also Board Member in Aars AS, CEK Holding AS, Fredensborg Eiendom AS, GammelNok AS and A Wilhelmsen AS. He holds a Bachelor’s degree in business economics from the University of Manchester and the exam for state authorized auditors from the Norwegian School of Economics (NHH).

Hilde Nafstad

Ms. Hilde Merete Nafstad has been Independent Director of GJENSIDIGE FORSIKRING ASA since April 6, 2017. She is also Member of the Risk Committee. She is Vice President Finance and Control in Equinor, and is a Master of General Business from BI (sivilokonom). She is a deputy member of the general assembly of Gjensidige Foundation. Nafstad has had several leading positions in Equinor, Norsk Hydro, Saga Petroleum and the Ministry of Petroleum and Energy. She is a director of the board of SN Power AS, and holds directorships-/chairman positions in a number of Boards of Statoil’s international companies.

Mitra Hagen Negard

Ms. Mitra Hagen Negard has been Head of Investor Relations at GJENSIDIGE FORSIKRING ASA since May 2, 2018. She has over 20 years' experience from the capital markets, including sell side equity research, investor relations and asset management. Since 2015, Mitra has worked as senior advisor at First House, with particular focus on investor relations. She holds an MA in International Economics and Management from SDA Bocconi in Milan, Italy.

Basic Compensation

Name Fiscal Year Total

Gisele Marchand

551,200

Helge Baastad

6,382,400

Jostein Amdal

3,636,200

Kaare Ostgaard

3,454,300

Jorgen Ringdal

3,263,100

Sigurd Austin

3,702,600

Lars Bjerklund

1,086,800

Aysegul Cin

926,600

Janne Flessum

2,357,600

Mats Gottschalk

3,681,200

Catharina Hellerud

3,584,800

Vibeke Krag

188,100

Lotte Kronholm Sjoberg

351,100

Terje Seljeseth

171,900

Per Bjorge

448,500

Eivind Elnan

300,300

John Giverholt

368,600

Hilde Nafstad

373,400

Mitra Hagen Negard

--
As Of  31 Dec 2018