The Board

Gisele Marchand (born 1958) holds an MBA from Copenhagen Business School.

Marchand 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 Organisation and Remuneration Committee and a member of the Risk Committee.

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 a member of the board and chair of the audit committee at Scatec ASA. She is a member of the board of Selvaag Bolig ASA, where she is also a member of the remuneration committee and chair of the audit committee. She is a board member of Eiendomsspar AS, Victoria Eiendom AS, and Chair of the Board of Nationaltheatret AS Boligbygg Oslo KF. She is a member of Entra Eiendom AS’s nomination committee. She has also held directorships on a number of other boards, including at 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 and Bates Group, and Executive Vice President at Den norske Bank, with responsibility for retail and commercial customers in Norway.

Marchand has extensive management experience from the financial sector, in addition to broad insurance expertise through many years on Gjensidige Forsikring’s Board. Marchand also has broad expertise in sustainable development from several different sectors. She completed Gjensidige’s sustainability seminar in 2023, a sustainability course under the auspices of the Norwegian Institute of Directors/PWC, and holds DNV’s sustainability certificate. She has also chaired Scatec ASA’s Audit/ESG Committee.

Gisele Marchand is independent of key employees, main business partners and the principal shareholder. Marchand attended all the board meetings in 2023. Marchand is up for re-election to the Board in 2024.

Number of shares in Gjensidige: 2,481

Ellen Kristin Enger (born 1963) joined Gjensidige’s Board as an employee representative in 2020 and is also a member of the Organisation and Remuneration Committee.

Enger works as a certified insurance adviser in accident and health insurance at Gjensidige Forsikring. She has been employed in Gjensidige Forsikring since 1986 and is the Group’s chief union representative.

She completed Gjensidige’s sustainability seminar in 2023.

Enger is a member of the board of Gjensidige Pensjonskasse and the Finance Sector Union of Norway’s Vestfold and Telemark branch, and a member of the Finance Sector Union’s central executive committee.

Enger attended all the board meetings in 2023. Enger is up for re-election to the Board in 2024.

Number of shares in Gjensidige: 1,800

Eivind Elnan (born 1974) has been a member of Gjensidige’s Board since 2017 and is also a member of the Audit Committee.

He holds an MSc in Industrial Economics and Technology Management (sivilingeniør) from the Norwegian University of Science and Technology (NTNU).

Elnan is chair of the board of Ax Innovasjon AS, Industrivegen 10 Verdal AS, FPS Holding AS and Boligbyggelaget Midt. Elnan is also a member of the board of Gjensidigestiftelsen.

Elnan has founded and built up several technology companies, including Securo AS and Hypoxic Technologies AS, which in 2017 become part of the German Wagner Group GmbH, and where he is now the general manager. Elnan has previous work experience from Securo AS, Innherred Vekst AS and Accenture and other firms.

He completed Gjensidige’s sustainability seminar in 2023.

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

Elnan attended all the board meetings in 2023. Elnan is up for re-election to the Board in 2024.

Number of shares in Gjensidige: 3,200

Vibeke Krag (born 1962) has been a member of Gjensidige’s Board since 2018 and is also Chair of the Audit Committee.

Krag has 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, and Konkurrencerådet (the Danish competition authority), appointed by the Danish government. Krag is also a member of the board of the Danish pension group ATP (Arbejdsmarkedet Tilleggspænsion) and a member of the Nomination Committee for the University of Copenhagen.

Krag has broad management experience, legal expertise and extensive expertise and experience in insurance. She also has considerable experience of board work in a number of companies in the insurance, finance and energy sectors as well as public boards and committees.

She completed Gjensidige’s sustainability seminar in 2023 and corresponding seminars in connection with two other directorships.

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

Krag attended all the board meetings in 2023. Krag is up for re-election in 2024.

Number of shares in Gjensidige: 1,500

Sebastian Buur Gabe Kristiansen (born 1987) joined Gjensidige’s Board as an employee representative in 2020 and is also a member of the Risk Committee.

He is the union representative for Forsikringsforbundet at Gjensidige Forsikring in Denmark.

Gabe Kristiansen has a financial degree in insurance, pension and secured credit from Niels Brock in Copenhagen, and supplementary education from the Danish Insurance Academy.

He completed Gjensidige’s sustainability seminar in 2023.

Gabe Kristiansen has held various positions at both Alka Forsikring and If. At Gjensidige, he has worked on claims handling and system development.

Gabe Kristiansen attended all the board meetings in 2023. Gabe Kristiansen is up for re-election to the Board in 2025.

Number of shares in Gjensidige: 1,368

Tor Magne Lønnum (born 1967) was elected to the Board for the first time in 2020, and is also a member of the Audit Committee.

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 member of the board of Remedy Bidco. He is currently CEO of Kverva AS.

He has previous experience as chair of the board of Lindorff, and as board member of TGS Nopec Geophysical Company ASA, Bakkafrost and SR Bank. He has previous experience as CFO of Kverva, Aimia Inc., Tryg AS, Tryg Forsikring AS and Falck A/S. Lønnum has also previosuly been manager at KPMG AS, CFO and EVP for Strategy and Group Development of Gjensidige NOR Forsikring and CFO of Gjensidige Forsikring ASA.

He has worked on sustainability in connection with reporting and financing in his previous role as CFO of Falck AS.

Tor Magne Lønnum is independent of key employees and the principal shareholder.

Lønnum was absent from one board meeting in 2023. Lønnum is up for re-election to the Board in 2024.

Number of shares in Gjensidige: 13,000

Hilde Merete Nafstad (born 1963) has been a member of Gjensidige’s Board since 2017 and is also chair of the Risk Committee.

Nafstad holds an MBA degree (siviløkonom) from BI Norwegian Business School.

Nafstad is a member of the board of Gjensidigestiftelsen and holds several directorships in Equinor’s international subsidiaries. Nafstad is VP of Finance and Control at Equinor. She has previously held several senior positions at Equinor (formerly Statoil), Norsk Hydro, Saga Petroleum and in the Ministry of Petroleum and Energy.

She has extensive experience of sustainability work from Equinor, and has completed a number of ESG courses at basic and advanced levels.

Hilde Merete Nafstad is independent of key employees and main business partners.

Nafstad attended all the board meetings in 2023. Nafstad is up for re-election to the Board in 2024.

Number of shares in Gjensidige: 3,946

Ruben Pettersen (born 1988) joined Gjensidige’s Board as an employee representative in 2020 and is also a member of the Audit Committee.

Pettersen holds a bachelor’s degree in business and administration (specialisation in economics) from Trondheim Økonomiske Høgskole.

He completed Gjensidige’s sustainability seminar in 2023.

Pettersen has worked in Gjensidige Forsikring since 2013. He is the chief employee representative for the Private Division of Gjensidige Forsikring.

Pettersen attended all the board meetings in 2023. Pettersen is up for re-election to the Board in 2024.

Number of shares in Gjensidige: 1,663

Gyrid Skalleberg Ingerø (1967) is a member of the board, and was elected at the annual general meeting in 2024.

Ingerø is a state authorised public accountant from the Norwegian School of Economics (NHH).

Ingerø is an investment adviser in Kongsberg Gruppen ASA. She is Deputy Chair of the Board of Directors and member of the Audit Committee of Telenor ASA. Furthermore, Ingerø is a board member and member of the audit committee of Höegh Autoliners ASA, board member and member of the audit committee of Kongsberg Digital Holding ASA, board member of Sandefjord Lufthavn AS, board member of KID ASA, and board member and chairman of the audit committee in Itera ASA. Ingerø is also a board member of Opplysningen 1881.

Ingerø has extensive management experience in finance, auditing, turnaround and financial advisory services after more than 30 years of working with various listed and PE-related companies. She has recently served as CFO in Kongsberg Gruppen ASA, a leading global technology company in its field.

Ingerø has previous experience as CFO in Kongsberg Gruppen ASA, banking experience from Nordea, CFO / Investor Relation in Komplett Group ASA, CFO in Telenor Norway AS and CFO in Telenor Digital Businesses AS, and she has been employed by KPMG. Ingerø has previous experience as a board member of Storebrand ASA and subsidiaries in the Storebrand Group.

Ingerø is independent of key employees, main business partners and the principal shareholder.

Ingerø is up for election to the board in 2025.

Number of shares in Gjensidige: 2,000

Gunnar Robert Sellæg (born 1973) has been a member of Gjensidige’s Board since 2020 and is also a member of the Organisation and Remuneration Committee.

Sellæg holds an MSc degree (sivilingeniør) from the Department of Chemical Engineering at the Norwegian University of Science and Technology (NTNU) / the Norwegian Institute of Technology (NTH).

He is Chair of the Board of Disruptive Technoloies AS, Catenda AS, Dossier Solutions AS and Dogu-SalesScreen AS, and a member of the board of Amedia AS and Mimiro AS. Sellæg is Founding Partner and managing director at Core Equity AS and has broad experience of startups, digital initiatives, innovation and internationalisation, including services such as WiMP/Tidal, E24, Min Sky and Appear.in/ Whereby.

He has held various positions at Schibsted, including as CEO of Aftenposten Multimedia AS and Aspiro AB, and Chief Product Officer and EVP Markets at Telenor Group ASA. In 2017, he was one of the three entrepreneurs who started Spring Capital Polaris, and in 2023 one of two entrepreneurs who started Core Equity AS.

Gunnar Robert Sellæg represents Gjensidigestiftelsen and is independent of key employees and main business partners.

Sellæg was absent from one board meeting in 2023. Sellæg is up for re-election to the Board in 2024.

Number of shares in Gjensidige: 1,000