DNB Bank Management
Management criteria checks 4/4
DNB Bank's CEO is Kjerstin Braathen, appointed in Jan 2019, has a tenure of 5.67 years. total yearly compensation is NOK15.83M, comprised of 73.6% salary and 26.4% bonuses, including company stock and options. directly owns 0.006% of the company’s shares, worth €1.66M. The average tenure of the management team and the board of directors is 3.9 years and 4.3 years respectively.
Key information
Kjerstin Braathen
Chief executive officer
NOK 15.8m
Total compensation
| CEO salary percentage | 73.6% |
| CEO tenure | 5.7yrs |
| CEO ownership | 0.006% |
| Management average tenure | 3.9yrs |
| Board average tenure | 4.3yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2024 | n/a | n/a | NOK 39b |
| Mar 31 2024 | n/a | n/a | NOK 38b |
| Dec 31 2023 | NOK 16m | NOK 12m | NOK 38b |
| Sep 30 2023 | n/a | n/a | NOK 39b |
| Jun 30 2023 | n/a | n/a | NOK 37b |
| Mar 31 2023 | n/a | n/a | NOK 35b |
| Dec 31 2022 | NOK 15m | NOK 11m | NOK 32b |
| Sep 30 2022 | n/a | n/a | NOK 28b |
| Jun 30 2022 | n/a | n/a | NOK 27b |
| Mar 31 2022 | n/a | n/a | NOK 26b |
| Dec 31 2021 | NOK 15m | NOK 11m | NOK 24b |
| Sep 30 2021 | n/a | n/a | NOK 23b |
| Jun 30 2021 | n/a | n/a | NOK 22b |
| Mar 31 2021 | n/a | n/a | NOK 21b |
| Dec 31 2020 | NOK 12m | NOK 8m | NOK 18b |
| Sep 30 2020 | n/a | n/a | NOK 19b |
| Jun 30 2020 | n/a | n/a | NOK 20b |
| Mar 31 2020 | n/a | n/a | NOK 21b |
| Dec 31 2019 | NOK 9m | NOK 6m | NOK 25b |
| Sep 30 2019 | n/a | n/a | NOK 26b |
| Jun 30 2019 | n/a | n/a | NOK 26b |
| Mar 31 2019 | n/a | n/a | NOK 25b |
| Dec 31 2018 | NOK 6m | NOK 4m | NOK 24b |
| Sep 30 2018 | n/a | n/a | NOK 23b |
| Jun 30 2018 | n/a | n/a | NOK 23b |
| Mar 31 2018 | n/a | n/a | NOK 22b |
| Dec 31 2017 | NOK 6m | NOK 4m | NOK 21b |
Compensation vs Market: Kjerstin's total compensation ($USD1.49M) is below average for companies of similar size in the German market ($USD5.46M).
Compensation vs Earnings: Kjerstin's compensation has been consistent with company performance over the past year.
CEO
Kjerstin Braathen (54 yo)
5.7yrs
Tenure
NOK 15,831,000
Compensation
Ms. Kjerstin Rasmussen Braathen serves as Member of Corporate Assembly at Equinor ASA since May 15, 2020. Ms. Braathen served as Chairwoman of the Board at DNB Livsforsikring AS until May 24, 2019. Ms. Bra...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Group Chief Executive Officer | 5.7yrs | NOK 15.83m | 0.0063% € 1.7m | |
| Group Chief Financial Officer | 2.8yrs | NOK 8.39m | 0.0010% € 277.5k | |
| Group EVP of the Retail Market & Personal Banking and COO | 5.7yrs | NOK 6.09m | 0.0011% € 280.2k | |
| Group Executive VP of Group Compliance & Group Chief Compliance Officer | 1.7yrs | NOK 4.56m | 0.00080% € 211.4k | |
| Group Executive Vice President of People & Communication | 1.1yrs | NOK 4.04m | 0.00015% € 39.6k | |
| Group Executive Vice President of Large Corporates & International | 11.7yrs | NOK 9.93m | 0.0041% € 1.1m | |
| Group Executive Vice President of Wealth Management | 6.3yrs | NOK 6.19m | 0.0021% € 549.7k | |
| Group Executive Vice President of Markets | 5yrs | NOK 12.70m | 0.0042% € 1.1m | |
| Group Executive Vice President of Products | 1.4yrs | NOK 4.39m | 0.000070% € 18.5k | |
| Group Executive Vice President of Technology & Services | less than a year | no data | no data | |
| Head of Investor Relations | no data | no data | no data | |
| Group Executive Vice President of Audit | no data | no data | no data |
3.9yrs
Average Tenure
45yo
Average Age
Experienced Management: D1N's management team is considered experienced (3.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Director | 3.2yrs | NOK 496.00k | 0.0017% € 454.6k | |
| Independent Director | 1.4yrs | NOK 361.00k | 0.00034% € 89.9k | |
| Independent Chairman of the Board | 6.4yrs | NOK 1.19m | 0.0010% € 264.3k | |
| Independent Director | 7.4yrs | NOK 658.00k | 0.00028% € 74.0k | |
| Employee Representative Director | less than a year | NOK 171.00k | 0.00026% € 68.7k | |
| Employee Representative Director | 8.7yrs | NOK 632.00k | 0.00016% € 42.3k | |
| Independent Vice Chair of the Board | 5.7yrs | NOK 922.00k | 0.00083% € 219.4k | |
| Deputy Employee Representative Director | 4.3yrs | no data | 0.000030% € 7.9k | |
| Director | less than a year | no data | 0.000060% € 15.9k |
4.3yrs
Average Tenure
59.5yo
Average Age
Experienced Board: D1N's board of directors are considered experienced (4.3 years average tenure).