RUNE BJERKE TAKES OVER TODAY

Rune Bjerke has taken over from Svein Aaser as group chief executive of DnB NOR. Rune Bjerke is 46 years old and was formerly president and CEO of Hafslund ASA. Rune Bjerke has also been president and CEO of Scancem International. He has held a number of board positions in large companies and has also served as finance commissioner of the Oslo City Council and as political adviser in Norway`s Ministry of Petroleum and Energy. Rune Bjerke holds an economics degree from the University of Oslo and a master`s degree in public administration from Harvard University.

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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.

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