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Sparebank 1 SR Bank ASA (SRBANK.OL)

SRBANK.OL on Oslo Stock Exchange

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Summary

Name Age Since Current Position

Dag Mejdell

2016 Chairman of the Board

Arne Austreid

2011 Chief Executive Officer

Inge Reinertsen

43 2015 Chief Financial Officer

Frode Bo

2006 Executive Vice President Risk Management and Compliance

Inglen Haugland

Executive Vice President Organisation and HR

Jan Friestad

2011 Executive Vice President of Retail Market

Thor-Christian Haugland

2005 Executive Vice President of Communication

Tore Medhus

2000 Executive Vice President of Corporate Market

Glenn Saether

2010 Executive Vice President, Business Support and Development

Tor Dahle

64 2013 Director

Kate Henriksen

56 2015 Director

Kristian Kristensen

2016 Director, Employee Representative

Birthe Lepsoe

45 Director

Sally Lund-Andersen

55 2006 Director, Employee Representative

Jorunn Saethre

2016 Director

Odd Torland

52 Director

Biographies

Name Description

Dag Mejdell

Arne Austreid

Mr. Arne Austreid has served as Chief Executive Officer of Sparebank 1 SR-Bank ASA since January 1, 2011. He has experience from various executive positions within Transocean ASA and Prosafe SE, both offshore, onshore and abroad. Most recently, he was President of Prosafe SE. He is former Chairman of the Board of Directors of Norsk Petroleums Forening (NPF), as well as former Member of the Boards of Prosafe Production Plc, Solstad Offshore ASA and Oil Industry Association (OLF). He is a member of the boards of SpareBank 1 Gruppen AS and SpareBank 1 Banksamarbeidet DA, and the chairman of the board of Pilehagen Invest AS. He holds a Master of Business Administration degree from Aberdeen University Scotland (1992-1995). He also studied Mechanical Engineering and Petroleum Technology in Stavanger in 1981.

Inge Reinertsen

Mr. Inge Reinertsen has served as Chief Financial Officer of Sparebank 1 SR-Bank ASA since February 1, 2010. He has been with the Company since 2001. He gained practical experience at SpareBank 1 SR-Bank as Regional Manager in the Haugesunds-region from 2001 to 2007, and as Chief Executive Officer of SpareBank 1 SR-Finans between 2007 and 2010. Since 2009, he has been Chairman of the Board of SpareBank 1 Fondsforvaltning. In the past, he also worked as Auditor and Consultant at Arthur Andersen and Arthur Andersen Business Consulting from 1995 to 2001. He is the chairman of the board of SR-Boligkreditt AS, SR-Investering AS and SR-Forvaltning AS, the deputy chairman of SpareBank 1 Boligkreditt AS, and sits on the boards of SpareBank 1 Gruppen Finans AS, SpareBank 1 SR-Bank’s pension fund, and Conecto AS. He is also a deputy member of the boards of SpareBank 1 Gruppen AS and SpareBank 1 Banksamarbeidet DA. He holds a Master's degree in Business and Economics from Norges Handelshoyskole, Bergen - NHH (Norwegian School of Economics and Business Administration) in Bergen (1991-1995).

Frode Bo

Mr. Frode Bo has served as Executive Vice President Risk Management and Compliance at Sparebank 1 SR-Bank ASA since January 2006. He joined the Company in 2001. He previously worked for Mobil Exploration Ltd, Kvaerner Rosenberg and Randaberg Sveiseindustri AS. He obtained a Bachelor of Management degree from Handelshoyskolen BI in 1992, and completed a Master program in Auditing and Risk Management at Handelshoyskolen BI in 2003. Alongside his EVP position, he has worked as a lecturer in the Department of Industrial Economics, Risk Management and Planning at the University of Stavanger until 2016.

Inglen Haugland

Ms. Inglen Haugland serves as Executive Vice President Organisation and HR at Sparebank 1 SR-Bank ASA. She graduated in economics/administration from Stavanger University College (1996) and also holds a Masters in Management from the Norwegian Business School (BI) (2009). She has worked in various positions in SpareBank 1 SR-Bank since 1983. Haugland has been a member of the retail market division’s management team since 1999. She has been responsible for various units and areas, most recently as regional director for Mid-Rogaland, including the bank’s customer service centre. She is a member of the boards of SpareBank 1 SR-Finans AS, SpareBank 1 SR-Bank’s pension fund and Stiftelsen Jaermuseet. She is also a deputy member of the boards of BN Bank ASA.

Jan Friestad

Mr. Jan Friestad has served as Executive Vice President of Retail Market at Sparebank 1 SR-Bank ASA since August 11, 2011. He joined the Company in 1988. He is the chairman of the board of EiendomsMegler 1 SR-Eiendom AS and sits on the boards of SpareBank 1 Mobilbetaling AS and Helse Stavanger HF. He holds a degree in economics and business administration from Stavanger University College and has also taken various master of management courses within marketing strategy and management at BI Norwegian Business School.

Thor-Christian Haugland

Mr. Thor-Christian Haugland has served as Executive Vice President of Communication at Sparebank 1 SR-Bank ASA since 2005. He has previously worked as the sales and marketing manager in at Radisson SAS in Stavanger and general manager in Brodrene Pedersen AS. He has more than 20 years’ experience from various positions in SpareBank 1 SR-Bank. Haugland sits on the board of Odin Forvaltning AS. He completed Business Administration studies at Universitetet i Stavanger (Hogskolen i Stavanger), the University of Salford and Handelshoyskolen BI (Norwegian School of Management).

Tore Medhus

Mr. Tore Medhus has served as Executive Vice President of Corporate Market at Sparebank 1 SR-Bank ASA since September 2000. He joined the Company in 1994. He has previous experience from Elcon Finans, Forende Credit Finans and Telenor. He is the chairman of the board of SpareBank 1 SR-Finans AS and SpareBank 1 Regnskapshuset SR AS, as well as the deputy chairman of BN Bank ASA. He holds a Master of Business and Marketing (Handelsokonom) from Oslo Business School/ BI.

Glenn Saether

Mr. Glenn Saether has served as Executive Vice President, Business Support and Development at Sparebank 1 SR-Bank ASA since May 2010. He joined the Company in 2005. He has previously worked as the chief accountant of the municipality of Sandnes, a consultant and marketing executive in Webcenter Unique ASA and a senior consultant in Helse Vest RHF. He is the chairman of the board of Finansparken Bjergsted AS and sits on the boards of SpareBank 1 Skadeforsikring AS, SR-Forvaltning AS, Riskaverven Borettslag and deputy member of the boards of SR-Forvaltning AS. He completed education in Business and Economic at Handelshoyskolen BI (Norwegian School of Management BI).

Tor Dahle

Mr. Tor Dahle has been Member of the Board of Directors of Sparebank 1 SR-Bank ASA since June 6, 2016. He has been General Manager at Sparebankstiftelsen SR-Bank, Stavanger. He has experience from various management positions in SpareBank 1 SR-Bank, most recently as managing director of SR-Investering AS. He is the chairman of the board of EM Software Partners AS and EMT Eiendom AS. He graduated in business economics (Sivilokonom) from the Norwegian School of Economics and Business Administration (NHH). He is also Member of the Company Audit and Risk Committee.

Kate Henriksen

Ms. Kate Henriksen has been Member of the Board of Directors of Sparebank 1 SR-Bank ASA since June 4, 2015. She has been Director of Customer Relations at Miles AS. Her previous positions include Executive Vice President, Retail Market at Sparebanken Vest, marketing director / general manager at Ementor, and various managerial positions at DnB. Henriksen has a degree in business administration from the Norwegian School of Economics and Business Administration (NHH). She has also studied information technology and automation at Bergen College of Engineering. She is also Member of the Company Audit Committee.

Kristian Kristensen

Birthe Lepsoe

Ms. Birthe Cecilie Lepsoe serves as Member of the Board of Directors at Sparebank 1 SR-Bank ASA. She is Member of the Company’s Audit and Risk Committee. She works as NLP Coach. She is former Finance Manager at Grieg Shipping Group. In the past, she served as Analyst at DnB NOR and Assistant Manager of the DnB NOR's Shipping Division, as well as Finance Manager at Grieg Shipping Group. She is Member of the Boards of Directors of Smedvig Eiendom AS, Smedvig Capital AS and Smedvig AS. She obtained a Master of Business Administration degree from Handelshoyskolen BI, Sandvika (Norwegian School of Management) in 1997. She is Certified Financial Analyst, and completed the Authorized Financial Analyst Program at the Norwegian School of Economics and Business Administration in 2003.

Sally Lund-Andersen

Ms. Sally Lund-Andersen has served as Employee Representative on the Board of Directors of Sparebank 1 SR-Bank ASA since 2006. She joined the Company in 1981. She is Chief employee representative at the Company. She sits on the board of SpareBank 1 Gruppen AS and is the chairman of the board of the Rogaland branch of the Finance Sector Union of Norway.

Jorunn Saethre

Odd Torland

Mr. Odd Torland serves as Member of the Board of Directors at Sparebank 1 SR-Bank ASA. He is Member of the Company’s Remuneration Committee. He is Chief Executive Officer (CEO) of Smedvig AS, Stavanger. He is the former Chief Executive of Scana Industrier ASA. He sits on the boards of a number of companies. He completed higher Accountant studies at the Norwegian School of Economics and Business Administration in 1989.

Basic Compensation

Name Fiscal Year Total

Dag Mejdell

--

Arne Austreid

9,857,000

Inge Reinertsen

5,751,000

Frode Bo

4,896,000

Inglen Haugland

3,391,000

Jan Friestad

4,984,000

Thor-Christian Haugland

4,252,000

Tore Medhus

5,683,000

Glenn Saether

5,248,000

Tor Dahle

1,410,000

Kate Henriksen

131,000

Kristian Kristensen

--

Birthe Lepsoe

298,000

Sally Lund-Andersen

1,053,000

Jorunn Saethre

--

Odd Torland

246,000
As Of  30 Dec 2015