Protector Forsikring — Board/Management Information 2016

Feb 25, 2016

Personal files

Flemming Holm born in Oslo in 1969, resident in Vestby Akershus. Married to Monica a teacher in the primary school. Two children, Noah aged 10 years and Herman aged 7 years. Leisure time complete with activities with the children, training and social gatherings with friends.

Achievements

• More than 20 years of experience from some of Norway's largest and oldest financial institutions, Storebrand, Gjensidige and Sparebanken Sør
• Broad and long career ranging from sales, through HR management, Group financial controller and Executive vice president and CFO in Sparebanken Sør
• Head of the biggest bank merger in Norway since DNB and NOR joined forces in 2004
• Member of the shareholder committee advising Board of Directors on the sale of Nets, a total transaction of DKK 17 billion
• Built/developed the corporate function in Gjensidige from a pure Norwegian non-life company to a full range financial service provider in Norway and a Nordic non-life player
• Key role in preparation/execution of the IPO process of Gjensidige one of the ten largest corporations at the Oslo Stock Exchange
• Participant in the acquisition of seven non-life players in the Nordic and Baltic region, and responsible for synergy assessments in structural discussions involving Gjensidige
• Initiated cost reduction initiatives and contributed to the reduction of more than NOK 1 billion in operating costs in Gjensidige

Latest position

Executive vice president and Chief financial officer in Sparebanken Sør, the fifth largest Norwegian bank after the merger with Sparebanken Pluss. Part of the group management team for the past three years and responsible for the renewal of the bank. Main tasks and areas of responsibility include;

• In charge of the recent merger with Sparebanken Pluss
• Economic management and follow up of business areas, including development of management principles- and key performance indicators
• Performance management through business reviews
• Responsible for "year-end forecast" (short term) and "management forecast" (long term)
• Initiate cost- and result improving measures throughout all business areas
• Responsible for the group budget process, including presentation- and approval process towards Board of Directors
• Establish and manage balanced scorecard for group management on behalf of CEO
• Responsible for the banks rating process towards Moody`s
• Manage some 15 employees in the accounting and controlling department

Professional record

Professional experience	2006 - 2011 Senior vice president the Nordic region	Gjensidige Forsikring ASA and Group financial controller. Performance management through business reviews. Responsible for the group budget process, including presentation- and approval process towards Board of Directors. Manage 20 employees in the Group financial controlling department in Norway and	Lysaker
	2005 - 2006 Vice president	Gjensidige Forsikring BA Group financial controller department. Group budget process, balanced scorecards for group management, development of financial information, efficiency improvement measures	Lysaker
	2003 - 2004 Project manager	Gjensidige NOR Forsikring Developing group's new Business Intelligence tool.	Lysaker
	2000 - 2003	Gjensidige NOR Forsikring Østfold/Follo Head of administrative division/Business controller Part of division's management team. Head staff of 6 with responsibility for finances, HR, property, ICT and Marketing. Responsible for divisions budget- and business plans.	Fredrikstad
	1999 - 2000 HumanResourcemanager	Gjensidige Forsikring Østfold/Follo Hired 100 employees after merger of three fire mutuals. Reduced staff with 28 percent after profitability challenges.	Fredrikstad
	1994 - 1998 Insurance agent	Gjensidige Follo Sale of life- and non-life insurance to Private- and SMB customers	Ås
		Sale of loans and banking servicesto Private customers Sale of funds- and saving products to Private customers
	1991 - 1993 Customerservice representative	Europeiske Reiseforsikring AS Sale of travel insurance to Private- and SMB customers	Oslo

Academic record

Education/courses	2005 - 2005 MiL Institute	Lund
	 Management training at Management Institute Lund
	2003 - 2005 BI Norwegian Business School	Oslo
	 Bachelor programme at BI`s center for management training
	1998 - 2010 Courses Gjensidige Academy
	 Management development programs
	 Course in crisis management
	 Course in media handling
	 EHS courses Starum
	 Microsoft Office (skilled user of word, excel, power point)
	1994 - 1997 The Insurance academy (now part of BI)  Licensed insurance agent non-life insurance  Licensed insurance agent life insurance	Oslo
	1993 - 1994 BI Norwegian Business School  Business graduate	Oslo
	1985 - 1988 Ås upper secondary school  Social studies with economy	Ås
Previous engagements	 Board member joint property venture Gjensidige NOR  Head safety delegate Gjensidige Østfold/Follo  Staff representative supervisory board Gjensidige Østfold/Follo
Norwegian army	1990 - 1991 Compulsory military service  Corporal Company B	Steinkjer/Oslo

Computer operator Norwegian Defence Museum