Kjetil R. Krøkje (43) has been appointed as the new Chief Financial Officer
(CFO) of Storebrand Group. Outgoing CFO Lars Aa. Løddesøl will step down
following nearly 25 years as part of Storebrand’s executive management, the last
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14 years as CFO.
“I would like to thank Lars for his many years of service in Storebrand’s
management team. Over a long period, he has been an important contributor to
Storebrand’s strategic transformation into a capital-efficient Nordic savings
and insurance group with strong growth and a solid balance sheet. Lars is a true
team player and has been instrumental in taking Storebrand to where we are as a
company today,” says CEO Odd Arild Grefstad.
“The timing of this transition is deliberate. Lars and I agree that the
executive management team presenting at the Capital Markets Day on 10 December
should also be the team to deliver on the plan, so we felt this was the right
time,” says Odd Arild Grefstad.
“After almost 25 years in Storebrand’s executive management, the time has come
to pass on the baton. We are on a fantastic journey, and it is extremely
satisfying to see that the group has never been more robust or grown faster,
reflected in the positive share price development. However, what I value most
from these years is the culture and the people - in this respect, Storebrand is
truly unique,” says Lars Aa. Løddesøl.
Løddesøl will remain at Storebrand, serving as Chairman of the Board in
Storebrand Forsikring, board member in Storebrand Asset Management, and to help
ensure continuity during the transition.
“I am very pleased to welcome Kjetil R. Krøkje to the executive management team.
Recruiting internally demonstrates the strength of our organisation and ensures
both continuity and renewal. Kjetil has worked closely with Lars and the rest of
the management team on the strategic transformation of Storebrand for several
years. He has a deep understanding of the company, our customers, and the
market, and will help develop Storebrand further,” says Grefstad.
Krøkje will assume the role on 17 September.
“I am grateful for the trust placed in me and look forward to taking on the
responsibility. Storebrand has a strong market position, and together with
talented colleagues and leaders, we will continue to develop the company. Our
ambition remains to achieve capital-efficient growth, combined with increasing
capital distribution, which together will generate solid value creation for our
shareholders. I would also like to thank Lars for our close collaboration over
more than a decade. I am pleased that he will remain with the group to ensure a
smooth and orderly CFO transition,” says Kjetil R. Krøkje, incoming CFO of
Storebrand.
Storebrand’s new CFO and member of the executive management team comes from the
role of Group Head of Strategy, Finance and M&A in Storebrand ASA. He has been
responsible for the group’s financing, capital structure, group strategy, M&A,
and investor relations. Krøkje has held several leadership roles in Storebrand
since 2008 and serves on several of the group’s boards. He holds an MSc from the
London School of Economics and an MBA from NHH, and has a background from the
Telemark Battalion in the Norwegian Armed Forces.
Contact persons:
Kjetil R. Krøkje, Incoming Group CFO: kjetil.r.krokje@storebrand.no, tel. (+47)
934 12 155
Lars Aa. Løddesøl, Outgoing Group CFO: lars.aa.loddesol@storebrand.no, tel.
(+47) 934 80 151
Johannes Narum, Head of Investor Relations: johannes.narum@storebrand.no, tel.
(+47) 993 33 569
Stig-Øyvind Blystad, Head of Communications: stig-oyvind.blystad@storebrand.no,
tel. (+47) 918 47 226
Roadshows and conference activities:
5 September: Nordea Nordic Insurance Trip (Grefstad/Krøkje)
9 September: SEB Insurance mid-quarter update (Løddesøl/Narum)
10 September: Autumn Conference Kepler Cheuvreux (Løddesøl/Krøkje)
16 September: Annual Financials CEO Conference Bank of America (Løddesøl &
Krøkje/Narum)
20 November: European Financials Conference J.P. Morgan (Krøkje/Narum)
About Storebrand
Storebrand is a Nordic financial group, delivering increased security and
financial wellness for people and companies. We offer sustainable solutions and
encourage our customers to take good economic decisions for the future. Our
purpose is clear: we create a brighter future. Storebrand has about 55.000
corporate customers, 2.2 million individual customers and manages NOK 1,507
billion.
The Group has its headquarter at Lysaker outside of Oslo, Norway. Storebrand
(STB) is listed on Oslo Stock Exchange.
This information is subject to the disclosure requirements according to Oslo
Rule Book II.
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