Storebrand ASA: Odd Arild Grefstad new CEO of Storebrand

(Thomson Reuters ONE) -


Storebrand ASA's Board of Directors has appointed Odd Arild Grefstad (46) new
CEO of Storebrand.

Mr. Grefstad has been with the company since 1994, and has been a member of
Storebrand's Executive Management Group since 2002.  Mr. Grefstad was CFO from
2002 to 2011, and Managing Director of Storebrand Life Insurance since 2011. Mr.
Grefstad has been acting CEO since 1 June 2012.

- Storebrand is actively implementing measures over the coming years in order to
manage new capital requirements and position the company for a growing and
changing market for pension savings. The Board has conducted a thorough process
where both internal and external candidates have been considered. The Board
believes that Mr. Grefstad has the necessary skills and values to succeed, says
Chairman of the Board Birger Magnus.

-  The Norwegian pension market is undergoing a shift from traditional
guarenteed products to new unit linked based products. There are exciting
opportunities for Storebrand in this development. I am highly motivated to lead
Storebrand and work with our competent employees on developing forward looking
solutions for our customers, says Odd Arild Grefstad.

Mr. Grefstad is State Authorized Public Accountant and Chartered Financial
Analyst (AFA).

Chairman of the Board, Birger Magnus, will introduce the new CEO at the press
and analyst conference in relation to the presentation of results for the second
quarter tomorrow Friday 13 July 0900 CET at Storebrand's offices in Lysaker.

Lysaker, 12 July 2012

Contacts:

Jan Otto Risebrobakken
Director of Communications and Public Affairs  +47 480 82 602

Trond Finn Eriksen
Head of Investor Relations +47 991 64 135


The Storebrand Group is a leading player in the Nordic market for life
insurance, pension and long term savings. The Group is made up of the business

areas life and pension, asset management, bank and insurance.


This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)



This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Storebrand ASA via Thomson Reuters ONE
[HUG#1626456]

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Datum: 12.07.2012 - 21:01 Uhr
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News-ID 165009
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