The Board

The Board has 10 members, three of whom are employee representatives. Board members elected by the shareholders are elected for one year at a time by the Annual General Meeting, based on recommendations made by the nomination committee and in accordance with the Articles of Association's requirements to the composition of the board of directors related to expertise, gender and location. Employee representatives are elected for two years at a time by the employees.

The work of the Board follows a fixed annual plan and is conducted in accordance with established rules of procedure. The Board holds meetings regularly and they have agreed in advance on nine meetings each year. Additional meetings are held depending of the matters to be considered and the situation. These meetings may be held as telephone meetings.

The Board has established three working committees: a remuneration committee, an audit committee and a risk committee.

The Board has established instruction for the CEO, and it performs an annual self-evaluation.

Rules of procedure

Gisele Marchand

Chair
Gisele Marchand (1958) was elected Chair of the Board in 2018 and has been a member of Gjensidige’s Board of Directors since 2010. She is Chair of the Remuneration Committee and a member of the Risk Committee.

Marchand holds an MBA from Copenhagen Business School.

Marchand is a board member and Chair of the Audit Committee in Norgesgruppen ASA and Chair of the Board of Norgesgruppen Finans Holding AS.

She is also member of the Board of Selvaag Bolig ASA, where she is a member of the Remuneration Committee. She is a board member of Eiendomsspar AS, Victoria Eiendom AS, Scatec Solar ASA and Chair of the Board of Boligbygg Oslo KF. She is a member of the Nomination committee of Entra Eiendom AS. She has also previously been a member of a number of other boards, including in Norske Skog ASA and Oslo Børs AS.

Marchand has previously been CEO of the law firm Haavind AS, Eksportfinans ASA, the Norwegian Public Service Pension Fund, Bates Group and Executive Vice President at Den norske Bank, with responsibility for retail and commercial customers in Norway.
Marchand has considerable management experience from the finance industry, as well as good insurance competencies due to her serving at the board of Gjensidige for a number of years.

Gisele Marchand is independent of key employees, main business partners and the major shareholder.

Marchand is up for re-election to the Board in 2021.

Ellen Kristine Enger

Eivind Elnan

Board member
Eivind Elnan (1974)has been a member of Gjensidige’s Board of Directors since 2017. Elnan has a master’s degree (sivilingeniør) in Industrial Economics and Technology Management from the Norwegian University of Science and Technology (NTNU).

He is chair of the board in Ax Innovation AS, Industrivegen 10 Verdal AS, FPS Holding AS and Braxi AS. He is a board member of the Gjensidige Foundation, Securo AS and Scuti AS. Elnan has founded and built up a number of technology companies, including Securo AS and Hypoxic Technologies AS, which in 2017 became part of the German Wagner Group GmbH, and where he is now general manager.

Elnan has previous work experience from Securo AS, Innherred Vekst AS and Accenture and other firms. Elnan has considerable experience as a manager and from establishing and developing technology companies.

Eivind Elnan is independent of key employees and main business partners.

Elnan is up for re-election to the Board in 2021.

Vibeke Krag

Board member
Vibeke Krag (1962)has been a member of Gjensidige’s Board of Directors since 2018. Krag holds a Master’s degree in law (cand.jur.) from the University of Copenhagen, and a Board Leadership Masterclass from Copenhagen Business School.She is a member of the board of Nykredit A/S, Nykredit Realkredit A/S, Forenet Kredit and Konkurrencerådet (the Danish competition authority, appointed by the Danish government). She is also a member of the Nomination Committee for the University of Copenhagen.

In addition, Krag has considerable experience from boards in a number of companies within insurance, finance, energy as well as public boards and committees. Krag has broad experience as a manager, juridical competencies and thorough competencies and experience from insurance.

Vibeke Krag is independent of key employees, main business partners and the major shareholder.

Krag is up for re-election in 2021.

Sebastian Buur Gabe Kristiansen

Board member
Sebastian Buur Gabe Kristiansen (1987) joined Gjensidige’s Board of Directors as an employee representative in 2020. He is the union representative for Forsikringsforbundet at Gjensidige Forsikring in Denmark.

Gabe Kristiansen studied at Niels Borck in Copenhagen, and is educated in insurance, pension and secured credit,

Gabe Kristiansen  previously held various positions in Alka Forsikring and If. In Gjensidige he has been working with claims handling and systems development.

Gabe Kristiansen is up for re-election to the Board in 2023.

Tor Magne Lønnum

Board member
Tor Magne Lønnum (1967) is a board member in Gjensidige from 2020.
Lønnum is a registered public accountant from BI Norwegian Business School, and holds the exam for state-authorised public accountants from the Norwegian School of Economics (NHH), as well as an Executive Master of Business and Administration from the University of Bristol and Ecole Nationale des Ponts et Chaussées.Lønnum is a board member Recover Nordic. He is currently CFO of Falck A/S.

Lønnum has experience as Chair of the Board of Lindorff, member of the Board in TGS TGS Nopec Geophysical Company ASA, board member of Bakkafrost and SR Bank. He has previous experience as CFO of Aimia Inc., Tryg as and Tryg Forsikring as.

Lønnum also has experience as Manager KPMG as, CFO and EVP for Strategy and Group Development of Gjensidige NOR Forsikring and as CFO of Gjensidige Forsikring ASA.

Tor Magne Lønnum is independent of key employees, main business partners and the main shareholder.

Lønnum is up for re-election to the Board in 2021.

Hilde Merete Nafstad

Board member
Hilde Merete Nafstad (1963) has been a member of Gjensidige’s Board of Directors since 2017.
Nafstad holds a degree in economics and business administration (Siviløkonom) from BI Norwegian Business School.

She holds several directorships in Equinor’s international subsidiaries. In 2017 she was elected deputy member of the Gjensidige Foundation’s General Meeting.Nafstad is the VP of Finance and Control at Equinor.

She has previously held several senior positions at Equinor (formerly Statoil), Norsk Hydro, Saga Petroleum and the Ministry of Petroleum and Energy.

Nafstad has broad experience from the oil and energy industry, as well as financial competencies and thorough experience as a manager.
Hilde Merete Nafstad is independent of key employees and main business partners.

Nafstad is up for re-election to the Board in 2021.

Ruben Pettersen

Board member
Ruben Pettersen joined Gjensidige’s Board of Directors as an employee representative in 2020.

Pettersen has a bachelor’s degree in economics and administration from Trondheim Økonomiske Høyskole.

Pettersen works as a Customer advisor in Gjensidige Forsikring. He is the Group’s chief union representative.

Pettersen is up for re-election to the Board in 2022.

Terje Seljeseth

Board member
Terje Seljeseth (1960) has been a member of Gjensidige’s Board of Directors since 2018.
Seljeseth is an ADB candidate/IT from Oslo Computer College (Datahøgskolen i Oslo) and holds a degree in mathematics/informatics from the University of Oslo.

Seljeseth is chair of the board of GnT AS, and a member of the board of Headhunter, Adevinta ASA, TX Markets and Videocation.NO AS.
He works on analytics for the Tinius Foundation, and has previously been EVP for Products and Technology and Marketplaces at Schibsted. He has also been CEO of FINN.no and held various positions at Aftenposten AS and Telenor Media AS.

Seljeseth has considerable experience and competencies within technology and digitilisation.

Terje Seljeseth is independent of key employees, main business partners and the major shareholder.

Seljeseth is up for re-election in 2021.

Gunnar Robert Sellæg

Board member
Gunnar Robert Sellæg (1973) is a board member in Gjensidige from 2020.

Sellæg has a master’s degree (sivilingeniør) from the Norwegian University of Science and Technology (NTNU) / the Norwegian Institute of Technology (NTH), the Department of Chemical Engineering, with emphasis on process control.

Sellæg is Chair of the Board of Mimiro AS, Dogu-SalesScreen AS, Inspera AS and NewGenerationCommunication AS. He is a board member of NTE ASA, Amedia AS, Catenda AS og VilMer AS. He works as an investor and partner in Spring Capital Polaris.

Sellæg has experience as Chair of the Board/board member of companies related to Aspiro, Wimp/Tidal, Schibsted and Telenor. He was Chair of the Board in WiMP Music AS, Aftenposten Forbruker AS, Rock City AS, Telenor Health AS, Telenor Global Wholesale AS, Telenor Digital AS, and a board member of Ambita AS, SoBazaar AS, Telenor Global Services AS and E24 AS.

Sellæg also has experience as a trainee in Schibsted, sales director and later CEO of Aftenposten Multimedia AS, general manager of Aspiro, and has held various senior management positions in Telenor, most recently as marketing director in the Telenor Group and as Chief Product Officer. Gunnar Robert Sellæg is independent of key employees and main business partners.

Sellæg is up for re-election to the Board in 2021.

Participation in meetings 2020

	Nasjonality	Elected by	Meetings in the Board/ participated	Comittees	Number om meetings/ participated	Note
Gisele Marchand	Norwegian	General Meeting	16/16	Renum-eration-/Risk -comittee	12/12
Eivind Elnan	Norwegian	General Meeting	16/16	Audit Committee	8/8
Vibeke Krag	Danish	General Meeting	16/16	Audit Committee	8/8
Tor Magne Lønnum	Norwegian	General Meeting	16/15	Audit Committee	8/8
Hilde Merete Nafstad	Norwegian	General Meetimg	16/16	Risk Comittee	8/8
Terje Seljeseth	Norwegian	General Meeting	16/15	Risk Comittee	8/8
Gunnar Robert Sellæg	Norwegian	General Meeting	16/16	Renumeration Comittee	4/4
Ellen Kristin Enger	Norwegian	Elected by and among employees	11/11	Renumeration Comittee	4/4	In the Board as from April 2020
Sebastian Buur Gabe Kristiansen	Danish	Elected by and among employees	5/5			In the Board as from September 2020
Ruben Pettersen	Norwegian	Elected by and among employees	5/5	Audit Committee	4/4	In the Board as from April 2020