Tryg — Board/Management Information 2015

Dec 1, 2015

As of 1 January 2016, Tryg changes its daily management structure. Hereafter,
the current Nordic business areas will be transferred to national business
areas with new directors heading the areas. The change is made in order to
create a more decentralised decision structure, which strengthens the company’s
adaptability and ensures that important decisions are made faster and close to
the customers in the national market. At the same time, central development
functions are established to ensure that we put more effort into ensuring
innovation, development and efficiency across the organisation.

With this new structure, each director has the complete responsibility for
creating results within their own business area with reference to an Executive
Board comprising the Group’s Executive Management; CEO Morten Hübbe, CFO Tor
Magne Lønnum and COO Lars Bonde.

The new management structure replaces the current Group Executive Management
comprising the Executive Management and a number of Group Executive Vice
Presidents heading Tryg’s Nordic business areas. The affected Group Executive
Vice Presidents will continue, either as directors of one of the new
established business areas or will have other jobs within the organisation.
Trond Bøe Svestad, Group Executive Vice President of Commercial, has chosen to
leave Tryg in connection with the organisational change and leaves as of today.