Annual Report 2020

Sverre Thornes has a BA in Business Administration from the American College in Paris. He joined KLP in 1995 as a fixed income portfolio manager and headed KLP Asset Managment from 2001 – 2006. He managed the Life Insurance Division of Kommunal Landspensjonskasse from 1. April 2006 to 3. January 2008. Since January 2008 he has been the CEO for the KLP Group.

Aage Schaanning has a MBA from the University of Colorado and is an Authorised Financial Analyst. He has previously worked with raising finance, balance sheet control and asset management with BNbank and Kreditkassen before starting at KLP in 2001 as Investment Director at KLP Kapitalforvaltning. He headed KLP Kapitalforvaltning from 2006-2008.

Ms Marianne Sevaldsen is a lawyer. Her specialist fields are insurance law and corporate law. She is executive Vice President for KLP’s Life Division from February 1. 2013. She was previously senior vice president in the Business Department at Sandnes Sparebank, a savings bank.

Håvard Gulbrandsen has a MSc in Management Sciences from the University of Warwick (1988), Master in Finance & Investments (1989) and is authorised financial analyst from 1992. His previous experience includes portfolio manager - fixed income in Storebrand Asset Management and Director of investments in DnB Investor AS. He joined KLP from the position of Head of Asset Strategies Equities / Head of Core Corporate Governance in the Bank of Norway Investment Management. He is Managing Director of KLP Asset Management since September 1. 2009.

Tore Tenold was educated at the police college, the university and the insurance academy. He was Managing Director of SpareBank 1 Skadeforsikring AS and has previously worked at Aktiv forsikring and Vesta forsikring. He joined KLP on 1 October 2012.

Gunnar Gjøttz has a business degree from Handelsakademiet in Oslo (now BI). His background includes experience as CFO in NetCom, Løvenskiold Vækerø and Hafslund. Gjørtz also spent four years in the UK and France with Suez-Lyonnaise des Eaux. He was CFO of the then listed Nora Eiendom when it was bought up by KLP in 1995 to form KLP Eiendom. Gjørtz rejoined KLP Eiendom as deputy managing director on August 1. 2010, and assumed the position of managing director on January 1. 2011.

Leif Magne Andersen holds an Executive MBA in Strategic management from NHH, the Norwegian School of Economics. While working since 1997 for Postbanken and the DnB NOR system, Mr Andersen was Regional Director for the Personal Market Effort, among other things. Before that he worked as a head of department at Intentia and he has also worked for the Norwegian Defence Forces. Mr Andersen has been the Managing Director of KLP Banken AS since 1 December 2011.

Gro Myking holds an MSc from NHH – the Norwegian School of Economics. Between 2007 and 2016 Ms Myking was Marketing Director of Posten Norge AS (the Norwegian postal service). She was previously Executive Vice-President Marketing at Hakon Gruppen/ICA Norge (a large Norwegian grocery retail group), and has run her own consultancy. She has served on the boards of several major Norwegian companies. Ms Myking joined KLP on 1 February 2016.

Kirsten Grutle was educated at the University of Bergen. She previously worked for Telenor, EDB Business Partner and Accenture. Ms Grutle joined KLP on 1 September 2011, having left Accenture Norge as Human Resources Director.

Rune Hørnes holds an MSc from NHH – The Norwegian School of Economics. He has long and broad experience from working across business strategy, IT, organisational and work processes. Mr Hørnes has held the position of CIO at Storebrand, where he held various positions since 2005. Before commencing work at Storebrand, Mr Hørnes was Senior Manager at Accenture, working in banking and insurance. He joined KLP on 1 October 2016.

Egil Johansen was elected as first permanent deputy member in 2011. In 2014 he was elected as a director and deputy chairman of the Board. He is the project manager/chief administrative officer in the new Tønsberg municipality. He was previously county chief administrative officer in Vestfold, and has also been chief administrative officer in Porsgrunn and Re. Johansen has also worked for the Ministry of Petroleum and Energy and the Aker group. Johansen has a degree in economics from the Norwegian School of Economics.

Jenny Følling is the county mayor of Sogn and Fjordane. She was previously deputy mayor of Sogn and Fjordane, Mayor of Gaulaer and has held several other positions in the local government sector. Følling trained as an agricultural consultant at Vestfold Agricultural School and has also studied regional and landscape planning at the colleges in Volda and Sogndal.

Karianne Melleby is Director of Corporate Partnerships at StartupLab. She has held a number of managerial positions in Telenor and also has management experience from DnB. In both companies, digitalisation and change management have been key elements of her work. Melleby has a master’s degree in business and economics from BI 2000, and also studied at the London Business School and the IMD Business School in Switzerland.

Cathrine M. Lofthus is managing director of the regional healthcare enterprise Helse Sør-Øst RHF. She has previously held management positions at Aker University Hospital and later at Oslo University Hospital. Lofthus qualified in medicine from the University of Oslo and has a doctorate in endocrinology from the same institution. She also has qualifications in finance, administration and management and has worked in the healthcare sector as a clinician, researcher and manager.

Øivind Brevik is managing director of Samfunnsbedriftene. He has previously held positions in the Norwegian Institute for Nature Research, the Norwegian Climate and Pollution Agency (at the Norwegian Environment Agency), the City of Oslo and Romerike Avfallsforedling (waste processing). Brevik has an MSc in ecology and environmental management from the Norwegian University of Science and Technology (NTNU).

Odd Haldgeir Larsen was elected as a member of the Board of KLP in May 2018. He is vice-chair of Fagforbundet (the Norwegian Union of Municipal and General Employees) and represents the employee organisation with the most members of KLP.

Freddy Larsen was elected to the Board of KLP as an employee representative in May 2009. He has been an employee of KLP since 1986 and works as a business architect in the Business Analysis group at the Bergen office. Freddy Larsen has previous professional experience from the Alcohol and Drug Addiction Service and Technical Services in Askøy municipality from 1985-1986.

Susanne Torp-Hansen was elected to the Board of KLP as an employee representative in May 2013. She has been employed at KLP since 1999 and works in the Training department within the Life division. She is the senior employee representative at KLP. Her education includes law studies at Oslo University and information and organisation studies at BI Norwegian Business School.

You can read the report from the Board of Directors here