The Board of Directors at DNB Bank ASA

Overview of the board or directors:

Olaug Svarva

Chair of the Board of DNB since 2018. Head of the compensation and organisation committee.

Date of birth: 1957

Other key roles: Chair of the Board of Directors of Norfund and member of the Boards of Directors of Investinor, Institute of International Finance (IIF), and the Norwegian memorial foundation for Alfred Nobel.

Background: Bachelor’s and Master’s degrees from the University of Denver, graduate of Trondheim Economic University College. Chief Executive Officer (CEO) of Folketrygdfondet, which manages the Government Pension Fund Norway (2006–2018). Managing Director of SpareBank 1 Aktiv Forvaltning and Investment Director at SpareBank 1 Livsforsikring. Financial analyst at Carnegie and DNB. Member of the Board of Directors of the Employers’ Association Spekter, Oslo Børs (Oslo Stock Exchange), the Norwegian Institute of Directors, and Freyr Battery. Head of the Election Committee at Equinor and member of the Election Committees at Telenor, Veidekke, Storebrand and Yara. Experience from the Corporate Assemblies of Telenor, Equinor and Orkla.

Gro Bakstad

Board member of DNB since 2019. Chair of the Audit committee and a member of the Risk committee.

Date of birth: 1966

Other key roles: CEO of Vygruppen since 2020.

Background: Master’s degree in Economics and Business Administration (Siviløkonom) and state-authorised public accountant from NHH Norwegian School of Economics. Extensive experience within economics, finance and strategy work. Executive Vice President of the Network Norway and Post divisions at Posten Norge. Chief Financial Officer of Posten Norge. Financial adviser at Procorp. Chief Financial Officer of Ocean Rig. Auditor/adviser at Arthur Andersen. Member of the Board of Directors of Farstad Shipping and the Employers' Association Spekter.

Kim Wahl

Board member of DNB since 2013. Former deputy chairman. Member of the compensation and organisational committee.

Date of birth: 1960

Other key roles: Chair of the Board of Directors and co-founder of the Voxtra Foundation. Vice Chair of the Board of Directors of UPM Kymmene Corporation, member of the Board of Civita and the European Advisory Board at Harvard Business School.

Background: MBA from Harvard University. Chair of the Board and owner of the private investment company Strømstangen. Co-founder and 20-year partner and Vice Chair of the Board of the European Private Equity firm IK Partners. Experience from the US investment bank Goldman Sachs in London and New York. A number of Norwegian and European Board positions in various industries.

Eli Solhaug

Employee representative on the Board of DNB since 2024. Former observer, employee representative and deputy employee representative.

Born: 1963

Other key roles: Chief employee representative for the Group and deputy leader of the Finance Sector Union DNB. Chairman of the election committee of the Finance Sector Union and chair of the Oslo Akershus region of the Finance Sector Union. Chair of the board of Gregers Kvartal housing cooperative. Has previously held other key positions of trust including as the DNB Group’s main safety representative and as member of the former supervisory board in DNB.

Background: Education in coaching and relationship management from Akershus University College (now OsloMet) and in project management, leadership, labour law and sustainability from BI Norwegian Business School. Employed at DNB since 1982.

Jens Petter Olsen

Vice Chair of the Board of DNB since 2023. Former board member since 2019. Chair of the Risk committee and member of the Audit committee.

Date of birth: 1961

Other key roles: Chair of the Board of Telenor.

Background: Master’s degree (higher division) in Economics and Business Administration (Siviløkonom) from NHH Norwegian School of Economics, as well as Master of Philosophy in Finance, and participation in the PhD programme at London Business School. Employed at Norges Bank and Norges Bank Investment Management (NBIM) (1997–2008) and head of NBIM’s office in New York (2000– 2008). Employed at Danske Bank, including as Head of Markets Norway (2011–2014) and Capital Markets (2014–2018).

Petter Borre Furberg

Board member of DNB since 2023. Member of the compensation and organisational committee.

Date of birth: 1967

Other key roles: CEO of Posten Bring AS since 2024.

Background: Master’s degree in Economics and Business Administration (Siviløkonom) from NHH Norwegian School of Economics. Several roles in Telenor’s group management since 2017, including Executive Vice President with responsibility for Telenor Asia and Executive Vice President with responsibility for Telenor Nordics. Board experience from Telenor subsidiaries.

Lillian Hattrem

Employee-elected board member in DNB since 2016. Member of the Risk committee, the Audit committee and the Compensation and organisational committee.

Haakon Christopher Sandven

Employee-elected board member since 2024. Former deputy employee representative.

Born: 1975
Other key roles: Chief employee representative and chair of Econa DNB. Party leader for the Conservative Party in Bærum municipality, member of Bærum executive committee and municipal council, deputy chairman of the main committee for health and welfare in Bærum, board member of Voll tennis club.

Background: Master of Science in Business (siviløkonom) and Master of Management from BI Norwegian Business School, in addition to studies in computer science and mathematics. Works with innovation in DNB. Previous experience from Posten Norge (the Norwegian postal service), the Norwegian Communications Authority, Teleplan Consulting and Telenor. Employed at DNB since 2017.