Board of Directors
Composition of the Board of Directors
According to the Articles of Association the Board of Directors shall consist of at least six and no more than fifteen members elected by shareholders at the General Meeting. The term of office for Board members is one year. Nordea has neither a specific retirement age as Board member nor a time limit for how long a Board member may serve on the Board. There are no such requirements in the external framework.
Further, according to the Articles of Association the aim shall be that the Board, as a whole, for its operations possesses the requisite knowledge and experience of the social, business and cultural conditions prevailing in the regions and market areas in which the Group’s principal operations are conducted.
The Board currently consists of eight members elected by the General Meeting. In addition three members and one deputy member are appointed by the employees. Employees are entitled under Swedish legislation to be represented in the Board. The CEO of Nordea is not a member of the Board.
Members of the Board
The Board consists of the following members elected by the shareholders at the AGM 2011:
- Björn Wahlroos, Chairman
- Marie Ehrling, Deputy Chairman
- Stine Bosse
- Svein Jacobsen
- Tom Knutzen
- Lars G Nordström
- Sarah Russell
- Kari Stadigh
The Board further comprises the following members appointed by the employees, one of who at a time is a deputy member:
- Kari Ahola
- Ole Lund Jensen
- Steinar Nickelsen
- Lars Oddestad (deputy 1 November 2011 - 30 April 2012)
Updated: December 2011
