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Selvaag Bolig ASA (SBOO.OL)

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Summary

Name Age Since Current Position

Olav Hindahl Selvaag

48 Chairman of the Board

Baard Schumann

2008 President, Chief Executive Officer

Sverre Molvik

2014 Chief Financial Officer

Petter Cedell

Vice President Property Investment

Kristoffer Gregersen

Vice President Communications

Oystein Klungland

Vice President Portfolio Management

Halvard Kverne

Vice President Portfolio Management

Anne Sofie Bjorkholt

52 2013 Director

Karsten Bomann Jonsen

67 Director

Christopher Brunvoll

40 2017 Director, Employee Representative

Peter Groth

70 2014 Director

Sissel Kristensen

45 2017 Director, Employee Representative

Gisele Marchand

59 2012 Director

Biographies

Name Description

Olav Hindahl Selvaag

Mr. Olav Hindahl Selvaag serves as Chairman of the Board of Directors of Selvaag Bolig ASA. He is also Chairman of the Company's Remuneration Committee. Mr. Hindahl Selvaag began his career as Chief Executive Officer in Tulsa West Corporation in the United States and later held a position within property management in KLP Eiendom AS. In the period after 1998, he has held various executive management positions within the Selvaag Group. Since 2008, he has held the position as Group Director of Selvaag Gruppen AS within residential and project development. Mr. Hindahl Selvaag holds a Bachelor of Science degree from Santa Clara University and a Master of Science degree from Stanford University.

Baard Schumann

Mr. Baard Schumann has served as President and Chief Executive Officer (CEO) of Selvaag Bolig ASA since 2008. Prior to this, he served as CEO of NCC Bolig AS, Director of Marketing at Peab Bolig AS and as Regional Manager at DnB Eiendom AS. Mr. Schumann holds a Bachelor's degree in Economics and is Real Estate from Handelshoyskolen BI.

Sverre Molvik

Mr. Sverre Molvik has been appointed Chief Financial Officer at Selvaag Bolig ASA with effect from October 1, 2014. He has previously been Vice President of Portfolio Management at the Company. He has more than ten years of experience within development and implementation of housing projects on the developer’s side. Earlier in his career, he worked as Senior Vice President for Coor Service Management AS, as Business Controller and Project Manager and Managing Director at Skanska Bolig AS and as Regional Director at Peab Bolig AS. Mr. Molvik holds a Bachelor's degree in Civil Engineering from University of Manchester and a Master of Business Administration degree from Webster University in Geneva.

Petter Cedell

Mr. Petter Cedell serves as Vice President Property Investment at Selvaag Bolig ASA. Mr. Petter Cedell’s responsibility is to identify new project possibilities for Selvaag Bolig. He has broad experience from acquisition and project development, as well as within project implementation with the Selvaag Group. Cedell has completed studies from Gjovik Engineering College within building and construction and from BI Norwegian Business School in intermediate subject studies, as well as graduated from BI Norwegian Business School as real estate agent.

Kristoffer Gregersen

Mr. Kristoffer Gregersen serves as Vice President Communications of Selvaag Bolig ASA. Mr. Kristoffer Gregersen is responsible for managing Selvaag Bolig’s communication with both internal and external stakeholder groups. He has broad experience from work with communication, including strategy development and implementation, for several Norwegian and foreign companies. Mr. Gregersen has completed studies in journalism and communications at universities in Australia and France.

Oystein Klungland

Mr. Oystein Klungland serves as Vice President Portfolio Management at Selvaag Bolig ASA. Mr. Oystein Klungland is responsible for half of Selvaag Bolig's projects. He has long and broad experience from the development and execution of housing projects, both at builders and with construction clients. Mr. Klungland has a M.Sc. in civil engineering from the Norwegian University of Science and Technology (NTNU).

Halvard Kverne

Mr. Halvard Kverne serves as Vice President Portfolio Management at Selvaag Bolig ASA. Mr. Halvard Kverne is responsible for half of Selvaag Bolig's projects. He has broad experience from development and implementation of real estate projects both from the contractor and real estate developer side. Kverne has completed studies from NKI Engineering School within technical house construction and business studies from BI Norwegian Business School, Business/Economic Institute.

Anne Sofie Bjorkholt

Ms. Anne Sofie Bjorkholt has been Director at Selvaag Bolig ASA since June 27, 2013. Ms. Bjorkholt took a law degree at the University of Oslo in 1990. She has broad experience with property law after 30 years as a commercial lawyer, including partnership in law firms since 2002, as well as service with the Norwegian Inland Revenue. As partner in the BAHR law firm since 2009, Bjorkholt works particularly on transactions and structuring developments for housing and commercial property. She is in great demand as a speaker in the fields of property, property development, and direct and indirect taxation.

Karsten Bomann Jonsen

Mr. Karsten Bomann Jonsen serves as Member of the Board of Directors of Selvaag Bolig ASA. He is also Member of the Company's Audit Committee. Mr. Jonsen began his career as a Financial Consultant in Apothekernes Laboratorium AS and later held the positions as Finance Controller and Director in the Trade Division of Lovenskiold-Vaekero AS. Mr. Jonsen has held various executive management positions within the Selvaag Group from 1985. Mr. Jonsen currently holds the position as Group Chief Executive Officer in the Selvaag Gruppen AS, a position held since 2009. Mr. Jonsen holds Master of Science degree in business and economics from BI Norwegian Business School.

Christopher Brunvoll

Mr. Christopher Brunvoll has served as Employee Representative on the Board of Directors of Selvaag Bolig ASA since 2017. He has previously held that position from 2012 until April 2016. He is Chief Controller at the Company. He began his career as Auditor in PricewaterhouseCoopers AS. After five years in auditing, he moved to the position of Group Financial Controller at Bjorgvin AS and later on became Group Chief Accountant at Reservoir Exploration Technology ASA. Mr. Brunvoll holds a Master of Science degree in Accounting and Auditing from Norges Handelshoyskole, Bergen - NHH.

Peter Groth

Mr. Peter Groth has been Member of the Board of Directors at Selvaag Bolig ASA since December 9, 2016. Mr. Groth studied at the Norwegian Institute of Technology (NTH), now the Norwegian University of Science and Technology (NTNU), and has broad experience from the building and property sectors over more than 40 years. He worked for Selmer, Norwegian Contractors, Nydalens Compagnie and Aspelin Ramm Gruppen, and was CEO of the last two. He is currently a director of AF Gruppen ASA, Mustad Eiendom, Hoegh Eiendom and Aase Byggadministration, and is on the board of the Norwegian Property Federation. Mr. Groth is a member of the Council for Urban Architecture.

Sissel Kristensen

Ms. Sissel Kristensen has been Director, Employee Representative at SELVAAG BOLIG ASA since 2017. She is Chief Accountant at the Company.

Gisele Marchand

Ms. Gisele Marchand has served as Member of the Board of Directors of Selvaag Bolig ASA since 2012. She also chairs the Company’s Audit Committee. Ms. Marchand has held a number of executive positions within various companies, among others as CEO with the Norwegian Public Service Pension Fund, Batesgruppen AS and with Eksportfinans ASA as well as executive positions within DNB ASA. Ms. Marchand is currently CEO at the law firm Advokatfirmaet Havind AS, and holds various board positions. Ms. Marchand holds Master of Science degree in business and economics from Copenhagen Business School.

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