Adjustments in Storebrand's management structure
To enhance market and customer orientation, increase efforts in the retail market and improve efficiency in the group, Storebrand has initiated a process to adjust its management structure. It is planned that the new management structure will be implemented with effect from 1st September.
- Storebrand Life Insurance will consist of a retail market unit, a corporate market unit, and a shared production and service unit.
- The new management structure will have limited effect on the banking and investments (asset management) areas, and the group is fully committed these operations. The efforts within these areas continue with undiminished force.
- Storebrand ASA (holding company), will continue to be the stock exchange listed company. Staff functions will be integrated with Storebrand Life Insurance to improve efficiency in the group.
- The Retail Distribution unit, currently owned by Storebrand Bank, may be sold to Storebrand Life Insurance as part of the reorganisation. The new retail market unit in the life company will be the group's core centre for the retail market.
Contact persons: <br> <br> Egil Thompson, Director of Corporate Communications <br> <br> Tel: +47 22 48 95 86, Mob: +47 93 48 00 12 <br> <br> Lars Aa Løddesøl, Group Finance Director <br> <br> Tel: +47 22 31 56 24, Mob: +47 93 48 01 51 <br> <br> Nils Robert Hodnesdal, Investor Relations <br> <br> Tel: +47 22 31 55 33, Mob: +47 93 40 38 13 <br> <br> <br>