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Sparebank 1 SMN (MING.OL)

MING.OL on Oslo Stock Exchange

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Summary

Name Age Since Current Position

Kjell Bjordal

63 2013 Chairman of the Board

Finn Haugan

63 2010 Group Chief Executive Officer

Bard Benum

54 2013 Deputy Chairman of the Board

Kjell Fordal

59 Executive Director, Finance and Strategy

Nelly Maske

40 2014 Executive Director, Organization and Development

Vegard Helland

41 2015 Executive Director – Corporate

Svein Samdal

45 Executive Director – Retail

Erik Gunnes

50 2016 Director, Employee Representative

Paul Hjelm-Hansen

54 2008 Member of the Board

Arnhild Holstad

53 2010 Member of the Board

Morten Loktu

56 2013 Member of the Board

Oddny Lysberg

2016 Director, Employee Representative

Aud Skrudland

57 2010 Member of the Board

Janne Thyo Thomsen

59 2014 Member of the Board

Biographies

Name Description

Kjell Bjordal

Mr. Kjell Bjordal has served as Chairman of the Board of Directors of SpareBank 1 SMN since March 21, 2013. He has previously been Deputy Chairman of the Board of Directors at the Company since March 28, 2012, and he has been Member of the Company's Board of Directors since 2007. He is Member of the Company remuneration committee since 2012 and chair since 2013. He has experience as Experience as CEO of EWOS Group and head of Cermaq’s fish food division. CEO of NorAqua, finance director and CEO of the Glamox Group and director at Trondelag Theatre. He has been Board chairman of Axess, Axess Holding, Brodrene Dyroy and Norsk Landbrukskjemi and Board member of Entra Eiendom, Novela and Florvaag Bruk Holding. He holds a degree in Economics from Norges Handelshoyskole, Bergen (Norwegian School of Economics and Business Administration) NHH, 1976. He also studied Law and attended and Advanced Management Program at Wharton Business School, 1989.

Finn Haugan

Mr. Finn Haugan has served as Group Chief Executive Officer of Sparebank 1 SMN since 2010. He joined the Company as Chief Executive Officer in 1991. He has experience from managerial positions at Fokus Bank as Deputy CEO. He has been Chairman of BN Bank, Finance Norway (FNO) and Board member of Norwegian Savings Banks Association, Board member of SpareBank 1 Gruppen and Bank 1 Oslo Akershus, Chairman of EiendomsMegler 1 Midt-Norge, SpareBank 1 Markets, chairman of the Supervisory Board of Selskabet for Trondhjems Bys Vel and Board member of Stiftelse Til Nevrovitenskaplig Forskning (Kavli Stiftelsen). He holds a degree in Business Economics from Norwegian School of Management (Handelshoyskolen BI) since 1977.

Bard Benum

Mr. Bard Benum has served as Deputy Chairman of the Board of Directors of SpareBank 1 SMN since March 21, 2013. He was previously Member of the Board of Directors at the Company since March 2009. He is also Member of the internal audit committee since 2009 and member of the risk committee since 2013 at the Company. He has also been Group Chief Executive Officer at Powel. He has held senior positions at Norsk Hydro, Statoil and Reitan Group. He served as Chief Executive Officer of Cresco between 1998 and 2000, and of Vital Forsikring between 2001 and 2007. He holds a Master of Science degree from Norges Teknisk-Naturvitenskapelige Universitet - NTNU from 1987.

Kjell Fordal

Mr. Kjell Fordal is Executive Director, Finance and Strategy at Sparebank 1 SMN. He joined the Company in 1982. He has been Chairman of SpareBank 1 Regnskapshuset SMN, SpareBank 1 SMN Pensjonskasse, SpareBank 1 Naeringskreditt, SpareBank 1 Boligkreditt, SpareBank 1 SMN Invest, GMA Invest and Proven Eiendom, Board member of SpareBank 1 Markets, SpareBank 1 Boligkreditt, SpareBank 1 Naeringskreditt and SpareBank 1 Kredittkort. He holds a degree in Business Economics (1981) and a Master of Management (2004) from Handelshoyskolen BI (Norwegian School of Management).

Nelly Maske

Ms. Nelly S. Maske has been Executive Director, Organization and Development at SPAREBANK 1 SMN since December 9, 2014. She joined from the post of assistant executive director of Retail Banking at SpareBank 1 SMN. She joined the bank in 2013, and has experience from the professional services firm Ernst & Young, latterly as director at Ernst & Young Advisory from 2010 to 2013. She holds Master of Science from South Bank University in London 2000, Bachelor’s degree in business and administration from Sor-Trondelag University College (previously TOH) 1998.

Vegard Helland

Mr. Vegard Helland has served as Executive Director – Corporate of SPAREBANK 1 SMN since 2015. He was Executive Director Group Customers, Credit at the Company from January 1, 2013 until 2015. Before that, he has been Executive Director, Corporate Market Division of the Company since August 2010. He holds a degree in Business Economics from Handelshogskolen i Bodo - HB (Bodo Graduate School of Business) from 1999 and is authorized financial analyst (AFA) from the Norwegian School of Economics and Business Administration (2007). He joined the Company in 2003, his was primarily responsible for major clients. He was head of the SpareBank 1 SMN’s Corporate market Division since August 2010, Head of the SpareBank 1 SMN’s group credit committee since 2007. Previously he serves at KPMG (aquaculture and fisheries). He was Chairman of SpareBank 1 Finans Midt-Norge and board member of SpareBank 1 Gruppen Finans, Conecto and Mavi XV and Alternate board member of SpareBank 1 SMN Card Solutions.

Svein Samdal

Mr. Svein Tore Samdal serves as Executive Director – Retail at SPAREBANK 1 SMN. He joined the Company in 2013. He has held senior positions at Eiendomsmegler 1 Midt-Norge since 2006. Previously he was Sports Director of the women’s national cross-country ski team at the Norwegian Ski Federation, 2001-2006. He has been Chairman of Allegro Kapitalforvaltning AS and Board member of Lounge AS. He holds Master’s degree in Political Science from Norwegian University of Science and Technology (1999).

Erik Gunnes

Mr. Erik Gunnes has been Director, Employee Representative of SPAREBANK 1 SMN since March 31, 2016. He was Alternate Board member since 2014 and regularly attending alternate for the employees at the Company. He has 20 years’ experience in various positions with SpareBank 1 SMN. He was Board member of the Finance Sector Union in Trondelag (2010–2012). He has three-year business school and bank-related training at Bankakademiet and BI Norwegian Business School.

Paul Hjelm-Hansen

Mr. Paul E. Hjelm-Hansen has served as Member of the Board of Directors at Sparebank 1 SMN since 2008. He has been chairman of the internal audit committee since 2008 and Head of the risk committee since 2013. He is Private Investor and self-employed Financial Advisor. He is Chairman of the Boards of Directors of Arild og Emilie Bachkes Fond, Trondhjems Kunstforenings Endowment Board and Generalkonsul Adolf Oiens Donationsfond, and Member of the Board of Directors of Bachke & Co. He held the positions of Financial Analyst, Portfolio Manager at Christiania Bank og Kreditkasse and Fokus Bank, and Head of Finance and Finance Director at Bachke & Co and Det Norske Oljeselskap, respectively. He holds a Master of Business Administration degree from the University of Denver from 1988, and is Certified European Financial Analyst from Norges Handelshoyskole, Bergen - NHH since 1996 and Authorized Portfolio Manager from the same institution from 2011.

Arnhild Holstad

Ms. Arnhild Holstad has served as Member of the Board of Directors of Sparebank 1 SMN since April 2010. She holds a Bachelor’s degree (Cand.mag degree) and is Journalist. She served as Communication Manager at Statskog from 2007 until 2015. She previously was Political Advisor of Labor and Social Inclusion (2005-2007), Project Manager at Olav Duun Innovasjon (2003-2005), Journalist at Namdalsavisa newspaper (1991-2003) and Refugee Advisor in Aukra municipality (1988-1989). She was also Teacher at Oppegard upper secondary school (1987-1988). She has been Chief executive officer of Namsos municipality and Board Member of the NTE Holding.

Morten Loktu

Mr. Morten Loktu has served as Member of the Board of Directors of Sparebank 1 SMN since March 21, 2013. He is Member of the Company remuneration committee since 2013. He has been Area director, Statoil’s production and development activity off Mid-Norway and North Norway. He joined Statoil in 1985 and has held various posts including in research and development. He was in charge of Statoil’s technology organization (2000-2002) and Senior Vice President, research and development at Statoil (2005-2010), as well as Group CEO, SINTEF Group (2002-2004). He holds Master of Science degree from Norwegian University of Science and Technology (1984).

Oddny Lysberg

Aud Skrudland

Ms. Aud Skrudland has served as Member of the Board of Directors of Sparebank 1 SMN since April 2010. She is Member of the Company remuneration committee since 2012. She is Veterinarian from Norges Veterinaerhogskole (1984), specializing in fish diseases. She received additional training in marketing and public law. She is Special inspector on the staff of the director of the mid-Norway region, Norwegian Food Safety Authority. She has experience from the fish farming industry in the fields of fish health and product development, marketing and sale of medicinal products for fish. She previously was Member of the municipal council and municipal executive board in Averoy. She is also former Member of the Program Committee on Aquaculture at the Research Council of Norway, and Member of the Board of Romsdal Fellesbank. She is also former Member of the Control Committee and the Supervisory Board of Sparebank 1 SMN.

Janne Thyo Thomsen

Ms. Janne Thyo Thomsen has served as Member of the Board of Directors of Sparebank 1 SMN since March 26, 2014. She is Member of the Company audit and risk committee since 2014. She has been Consultant and adviser at JT Targeting in Denmark. Previously she was senior vice president at Moody’s rating agency (1997–2012). Prior to that she was serves at Yamaichi International (Europe) Limited (1987–1995), the Ministry of Finance, Government Debt Office (1984–1987) and at the Export Credit Council, Ministry of Industry (1981–1984). She holds Cand. Jur. (law) degree from University of Copenhagen (1981) and she holds Graduate Diploma in Business Administration from Copenhagen Business School (1986).

Basic Compensation

Name Fiscal Year Total

Kjell Bjordal

506,000

Finn Haugan

8,742,000

Bard Benum

301,000

Kjell Fordal

3,483,000

Nelly Maske

2,139,000

Vegard Helland

2,985,000

Svein Samdal

3,203,000

Erik Gunnes

--

Paul Hjelm-Hansen

298,000

Arnhild Holstad

203,000

Morten Loktu

218,000

Oddny Lysberg

--

Aud Skrudland

218,000

Janne Thyo Thomsen

271,000
As Of  30 Dec 2015