SpareBank 1 SR-Bank and SpareBank 1 Sørøst-Norge are working towards a merger onOctober 1 , and the group management for the SpareBank 1 Sør-Norge is now ready. The merger is dependent on necessary regulatory approvals. The organization of SpareBank 1 Sør-Norge is designed to help the group to achieve its strategic ambitions. The group management has a clear business focus, which is intended to be sustainable over time and help the company strengthen its position in the market. Additionally, the subsidiaries in SpareBank 1 Sør-Norge will have a central role in the new structure, to ensure comprehensive thinking and responsibility within the group. "SpareBank 1 Sør-Norge aims to become the leading relationship bank for people and businesses in the region. Therefore, we are sharpening our focus in four customer divisions, 'Retail Market', 'Corporate Market and Agriculture', 'Large Corporates', and 'Private Banking'. A strong organization will position us to create market-leading growth, comprehensive customer experiences, a good customer offer, and an efficient and trustworthy customer dialogue," says Benedicte Schilbred Fasmer, CEO ofSpareBank 1 SR-Bank . The group management will assume their new roles fromOctober 1 . "Leading up to the merger, the current group management in SR-Bank and Sørøst-Norge will continue as before, while the new group management will begin organizing their divisions and leadership teams," says Per Halvorsen, CEO of SpareBank 1 Sørøst-Norge. Group Management in SpareBank 1 Sør-Norge: Group CEO - Benedicte Schilbred Fasmer*Deputy Group CEO and People and Integration - Per Halvorsen Chief Financial Officer -Inge Reinertsen Executive Vice President Retail Market - Roger Lund Antonesen Executive Vice President Private Banking -Lasse Olsen Executive Vice President Corporate Market and Agriculture -Marianne Bakke Executive Vice President Large Corporates -Tore Medhus Executive Vice President Customer Offer, Market and Innovation - Ella Skjørestad Executive Vice President Customer Deliveries -Tonje Stormoen Executive Vice President Business Processes and Technology - Glenn Sæther Executive Vice President Strategy and Group Services -Jan Friestad Executive Vice President Risk Management - Frode Bø Executive Vice President Compliance -Signe Helliesen *Benedicte Schilbred Fasmer has resigned from her position as CEO ofSpareBank 1 SR-Bank ASA to become CEO ofTelenor ASA startingDecember 1 . The board ofSpareBank 1 SR-Bank ASA has begun the process of finding her replacement, and she will continue in her position as CEO in the meantime. For more information, contact: Benedicte Schilbred Fasmer, CEO ofSpareBank 1 SR-Bank , tel. 950 60 034 Øyvind Knoph Askeland, Director of Communications,SpareBank 1 SR-Bank , tel. 922 32 639
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