DNB Board of directors

The Board of Directors of DNB ASA is the Group's supreme governing body. Through the Group Chief Executive, the Board shall ensure a sound organisation of the business activities. The Board has three sub-committees: the Risk Management Committee, the Audit Committee and the Compensation Committee.

Olaug Svarva (born in 1957)

Bilde av styreleder Olaug Svarva
Chair of the board of DNB and DNB Bank since 2018. Chair of the Compensation Committee. 

Background: Bachelor's degree from Trondheim Economic University College and MBA and B.Sc.  from the University of Denver. CEO of Folketrygdfondet (manager of the Government Pension Fund Norway) from 2006 to 2018. Former managing director of SpareBank 1 Aktiv Forvaltning and head of investment management at SpareBank 1 Livsforsikring. Has worked as a financial analyst in Carnegie and DNB.

Other key positions of trust: Board member in Investinor AS, chair of the board of Norfund and board member in the Institute of International Finance (IIF). Former board member in the Employers’ Association Spekter, Oslo Børs (Oslo Stock Exchange) and the Norwegian Institute of Directors. Has also been a member of the Election Committees in Telenor, Veidekke, Storebrand and Yara, and has experience from the Corporate Assemblies of Telenor, Statoil and Orkla.

Tore Olaf Rimmereid (born in 1962)

Bilde av Tore Olaf Rimmereid, styret DNB
Vice-chair of the board of DNB since 2012 (board member since 2008). Chair of the Risk Management Committee and member of the Audit Committee.

Background: Master's degree in business administration, and authorised financial analyst from the Norwegian School of Economics. Deputy CEO and SVP of Hafslund E-CO AS. Former President and CEO of E-CO Energi, head of the Finance and Administration Department in the Norwegian Broadcasting Corporation, NRK, and group executive vice president, Financial Reporting and Finance, in SpareBank 1 Gruppen. Experience from Kreditkassen.  

Other key positions of trust: Board member in Kruse Smith AS, chair of the board of Stiftelsen Asplan, board member in Space Norway AS. Former positions include chair and member of the boards of Energi Norge, Opplandskraft DA, Oppland Energi AS, ODIN Forvaltning AS, Hafslund ASA, E-CO Energi AS, First Securities AS and SpareBank 1 Livsforsikring. Former political adviser for the Conservative Party's parliamentary group.

Karl-Christian Agerup (born in 1962)

Bilde av DNBs styremedlem Karl-Christian Agerup
Board member in DNB since 2017. Member of the Risk Management Committee and the Audit Committee. 

Background: Graduate of the Copenhagen Business School, and Master of Science in Management from the Massachusetts Institute of Technology. Managing director of Oslotech AS. Former founder and partner of Northzone Ventures, founder and managing director of Hugin ASA, and background as a project manager in McKinsey & Company.

Other key positions of trust: Chair of the board of StartupLab AS and Oslo ShareLab AS. Board member in iAleap AS and deputy board member in Blommenholm Industrier AS. Former board member in several companies, including Schibsted, Aftenposten, Norfund, Zalaris ASA, Admincontrol AS and Nevion Europe AS.

Gro Bakstad (born in 1966)

Gro Bakstad
Board member in DNB since 2019 (former board member in DNB Bank 2017-2019). Chair of the Audit Committee and member of the Risk Management Committee.

Background: Master's degree in business administration and state-authorised public accountant from the Norwegian School of Economics. Extensive experience within economics, finance and strategy work. Executive Vice President for the Mail Division at Posten Norge AS since 2012. Former Chief Financial Officer of Posten Norge AS, financial adviser at Procorp and Chief Financial Officer of Ocean Rig.

Other key positions of trust: Board member in Veidekke ASA. Former board member in Farstad Shipping ASA and the Employers' Association Spekter.

Carl A. Løvvik (born in 1952)

Bilde av styremedlem Carl Løvvik, DNB
Board employee representative in DNB since 2011.

Background:
Chief employee representative in DNB. Employed as an insurance agent in 1988 and has worked within marketing in DNB Livsforsikring and as a manager at DNB Livsforsikring’s Customer Service Centre.

Jaan Ivar Gjærum Semlitsch (born in 1971)

Bilde av DNBs styremedlem Jaan Ivar Gjærum Semlitsch
Board member in DNB since June 2014. Member of the Compensation Committee.

Background: Graduate of the Norwegian School of Economics. CEO of Orkla. Former president and CEO of Dixons Carphone International and Elkjøp Nordic AS. Former Chief Operating Officer of Statoil Retail Europe, Managing Director of Rema Industrier AS and Associate Partner in McKinsey.

Other key positions of trust: Chair of the board of Elkjøp Norge AS. Former chair of the board of Statoil Norge AS. Former and current chair and member of the boards of several Norwegian companies.

Jorunn Løvas (1957)

Jorunn Løvas
Board employee representative in DNB since November 2019.

Background: Joined DNB in 1974, worked in the personal customer market. Became full-time employee representative in 2000 and board member in the Finance Sector Union DNB. Former chief employee representative for Personal Banking, Large Corporates and International,Group Risk Management and Group Compliance. 

Other key positions of trust: Former deputy board employee representative in DNB.

Board of Directors of DNB Bank ASA

Olaug Svarva (born in 1957)

olaug
Chair of the board of DNB and DNB Bank since 2018. Chair of the Compensation Committee.
 
Background: Bachelor's degree from Trondheim Economic University College and MBA and B.Sc.  from the University of Denver. CEO of Folketrygdfondet (manager of the Government Pension Fund Norway) from 2006 to 2018. Former managing director of SpareBank 1 Aktiv Forvaltning and head of investment management at SpareBank 1 Livsforsikring. Has worked as a financial analyst in Carnegie and DNB.

Other key positions of trust: Board member in Investinor AS, chair of the board of Norfund and board member in the Institute of International Finance (IIF). Former board member in the Employers’ Association Spekter, Oslo Børs (Oslo Stock Exchange) and the Norwegian Institute of Directors. Has also been a member of the Election Committees in Telenor, Veidekke, Storebrand and Yara, and has experience from the Corporate Assemblies of Telenor, Statoil and Orkla.

Kim Wahl (born in 1960)

kim
Vice chair of the board of DNB Bank since 2019. Board member in DNB Bank since 2013.

Background:
MBA from Harvard University. Chair of the board and owner of the private investment company Strømstangen AS. Co-founder of the European Private Equity firm IK Investment Partners, where he was partner and vice chair for 20 years. Also has experience from the US investment bank Goldman Sachs in London and New York.

Other key positions of trust: Chair of the board and co-founder of the Voxtra Foundation, established in 2008 focusing on foreign aid and local investments in East Africa. Board member in UPM Kymmene Corporation and former board member in Intermediate Capital Group plc and the Kavli Trust. Has previously held a number of board positions in various industries.

Lillian Hattrem (born in 1972)

lillian
Board employee representative in DNB Bank since 2016.

Background: Education in finance from BI Norwegian Business School. Joined DNB in 1999.  

Other key positions of trust: Chief employee representative, Finance Sector Union DNB Member of the Executive Committee of the Finance Sector Union of Norway. Has held several roles and positions of trust, including in the former supervisory board in DNB.

Jens Petter Olsen (born in 1961)

jens petter
Board member in DNB Bank since 2019.

Background: Master's degree in business administration (higher division) from the Norwegian School of Economics, as well as Master of Philosophy in finance, and participation in the PhD programme at London Business School. Employed in Norges Bank and Norges Bank Investment Management (NBIM) from 1997 to 2008, and headed the office in New York from 2000 to 2008. Held several positions in Danske Bank from 2008 to 2018, including head of Markets Norway from 2011 to 2014 and head of Capital Markets from 2014 to 2018. 

Other key positions of trust: None.

Relevant information

» Instructions for the Board of Directors