The Council of Representatives of Eksportfinans ASA today announced that Gisele Marchand will be the next President and CEO of Eksportfinans. She will succeed Tor F. Johansen, who retires at the end of the year. Gisele Marchand is currently Managing Director of the Norwegian Public Service Pension Fund, a position she has had since 2003. She was Managing Director of the Bates Group AS in the period 2000 - 2002. Prior to that, she had different management positions in Den norske Bank (currently DnB NOR Bank) for a period of 12 years. Upon leaving the bank she was Group Director of Retail Banking. She has a business degree from Copenhagen Business School, and supplementary studies from France. Erik Borgen, Chairman of the Board of Eksportfinans, says in a comment that the Board is very pleased with the choice of Gisele Marchand as the new President and CEO. He thinks that Gisele Marchand's experience and background will contribute positively to the future development of the Eksportfinans Group. He emphasizes that she is known as a motivating and enthusiastic leader with a broad background from finance and the public sector. Eksportfinans is owned by 26 banks operating in Norway, and the State of Norway. Its purpose is to offer competitive, long term financing to the Norwegian export sector. The subsidiary Kommunekreditt Norge AS provides loans to the municipal sector in Norway and public projects. Eksportfinans has a very high creditworthiness, and finances its activity through issuance of bonds in the global capital markets. At the end of the first quarter 2007 the Group total assets were NOK 178 billion. Contact persons: Chairman of the Board Erik Borgen, phone +65 97 51 55 86 (Singapore time), mail erik.borgen@dnbnor.no Head of Communication Elise Lindbæk, phone +47 90 51 82 50, mail el@eksportfinans.no
Gisele Marchand is the new President and CEO of Eksportfinans
| Source: Eksportfinans ASA