Olaug Svarva new board chairman in DNB

Olaug Svarva has been nominated as new board chairman in DNB ASA and
DNB Bank ASA. She will succeed Anne Carine Tanum, who has held this position since 2008.

DNB’s Election Committee has nominated Olaug Svarva to the position as new board chairman. She will be formally elected by DNB’s Annual General Meeting on 24 April 2018. 

Olaug Svarva has been CEO of Folketrygdfondet since 2006, where she has previously held the role of investment director for Equities. She also has experience from SpareBank 1 Aktiv Forvaltning and SpareBank 1 Livsforsikring as CEO and investment director, respectively.  

Olaug Svarva has a Bachelor of Science in Business Administration and a Master of Business Administration from the University of Denver and is authorised as a portfolio manager by the Norwegian Society of Financial Analysts. 

Anne Carine Tanum will retire as board chairman at the Annual General Meeting in April. She has been board chairman since 2008 and a board member since 1999.  

For further information, please contact:

Investor contact:
Rune Helland, head of Investor Relations, tel. ( 47) 23 26 84 00 / ( 47) 977 13 250 

Media contact:
Thomas Midteide, head of Corporate Communications, tel. ( 47) 962 32 017

This information is subject to the disclosure requirements according to Section 5-12 of the Norwegian Securities Trading Act. This e-mail was sent to you by DNB. 

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DNB is Norway's largest financial services group and offers financial products and services, including loans and deposits, mutual funds and asset management, life insurance and pension savings, payment and financing services, real estate broking and services related to the money and capital markets.