Gjensidige (GJF) Investor Update summary

CEO appointment

• Geir Holmgren appointed CEO, effective 2 January 2023; Helge Leiro Baastad remains in the role until Holmgren joins.

• Baastad, CEO since 2003, will retire under his employment contract.

Strategy and continuity

• Current strategy and goals remain in place, including growth ambitions in general insurance across the Nordics and Baltics.

• The Board prioritizes stability and continuity while developing to meet future opportunities and challenges; the value-based culture emphasizes management, performance and delivery.

Holmgren's experience and priorities

• Holmgren is on Storebrand's Executive Management Team, responsible for Corporate Market, and is managing director of Storebrand Life Insurance.

• At Storebrand since 1997, he has held numerous management roles and served on its Executive Management Team for 10 years, including Nordic responsibility for Guaranteed Pension, Product and Customer Services.

• Holmgren cited changing customer needs and technological opportunities, and plans to pursue growth ambitions in the Nordics and Baltics.