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 mandate period for the Board members is one year. Nordea has no specific retirement age for Board membership nor is there a time limit for how long a Board member may serve on the Board.

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 eleven members elected by the General Meeting. In addition three members and one deputy member are appointed by the employees. 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 2008:

• Hans Dalborg, Chairman
• Timo Peltola, Vice Chairman
• Stine Bosse
• Marie Ehrling
• Svein Jacobsen
• Tom Knutzen
• Lars G Nordström
• Heidi M. Petersen
• Ursula Ranin
• Björn Savén
• Björn Wahlroos

The Board further comprises the following members appointed by the employees, one of who at a time is a deputy member:

• Kari Ahola
• Bertel Finskas
• Nils Q. Kruse (deputy 1 May - 31 October 2008)
• Steinar Nickelsen

Updated: May 2008