Storebrand ASA: Storebrand launches a new customer- and market-adapted Group organisational structure
"Storebrand is now implementing pro-active measures in order to achieve the goal of becoming best at saving for retirement and actively adapting to changes in the market. Today, I am announcing a new Group organisational structure that shall improve our ability to deliver according to strategy," says Storebrand Group CEO, Odd Arild Grefstad.
There are four main objectives with the new Group organisational structure:
- Separate business in growth from business with guarantees
- Strengthen our customer orientation
- Establish Nordic areas of responsibility
- A simpler organisation with fewer deliveries and a significantly lower cost level
The changes will enter into force starting 27 June. By 1 November, the new structure shall have been implemented at all levels of the organisation.
New Group organisational structure and two new managing directors
"Through these changes, the main emphasis of the executive management will be focused on business in growth and be given Nordic mandates. In that way, the organisational change will support our strategy," says Grefstad.
The new executive management will look like this:
Two new managing directors will be added to the executive management. Hege Hodnesdal (41) will become Managing Director Storebrand Insurance. Hodnesdal has an MSc in Economics and Business Administration (Siviløkonom) from the Norwegian School of Management (BI). She started her career as a management trainee in Storebrand and has held management positions in different areas in the group. Link to CV
Staffan Hansén (47) will become Managing Director of the new Savings unit. Hansén has an economics degree (samfunnsøkonomi) from Åbo Akademi University and has completed doctoral studies at the Finnish Doctoral Program in Economics (FDPE) and the Stockholm School of Economics. He comes from the position of President and CEO of SPP Livförsäkring AB. He has previously held various management positions within and outside of the group. Link to CV
"I am happy to bring Staffan Hansén and Hege Hodnesdal into the executive management. They are highly competent persons who have proven to be important change agents, a capability that will be important in the coming years," says Grefstad
Managing Director Storebrand Asset Management, Hans Aasnæs, and Managing Director Storebrand Insurance, Gunnar Rogstad, will withdraw from the executive management and leave Storebrand. Storebrand appreciates their valuable and dedicated contribution to the Group over many years. Truls Nergaard will also withdraw from the executive management, but will continue as Managing Director Storebrand Bank and report to Staffan Hansén in the new Savings unit.
Starting today, the executive management in Storebrand will consist of the following areas and managing directors:
- Group CEO Odd Arild Grefstad.
- Finance and Business support will be headed by CFO Lars Aa. Løddesøl and COO Heidi Skaaret respectively and be given Nordic mandates.
- Commercial Norway and Commercial Sweden will be headed by CCO Robin Kamark and Managing Director SPP Sarah McPhee respectively. In addition to being responsible for market, eCommerce and sales, they will also be given responsibility for innovation and concept- and product development.
- Savings will be headed by Managing Director for Asset Management and Banking Staffan Hansén and will include the banking, funds and asset management.
- Insurance will be headed by Managing Director for Storebrand Insurance Hege Hodnesdal and will be expanded to have a Nordic mandate.
- Guaranteed pensions will be headed by Managing Director Geir Holmgren and will include all guaranteed business in Norway and Sweden.
Lysaker, Norway, 27 June 2013
Contacts:
Information Director Elin M. Myrmel-Johansen: Mobile +47 93 48 05 38
Head of Investor Relations Trond Finn Eriksen: Mobile +47 99 16 41 35
