DNB Bank ASA

MUN:D1N Stock Report

Market Cap: €27.2b

DNB Bank Management

Management criteria checks 4/4

DNB Bank's CEO is Kjerstin Braathen, appointed in Jan 2019, has a tenure of 5.42 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 €1.70M. The average tenure of the management team and the board of directors is 4.8 years and 3.5 years respectively.

Key information

Kjerstin Braathen

Chief executive officer

NOK 15.8m

Total compensation

CEO salary percentage73.6%
CEO tenure5.4yrs
CEO ownership0.006%
Management average tenure4.8yrs
Board average tenure3.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Kjerstin Braathen's remuneration changed compared to DNB Bank's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2024n/an/a

NOK 38b

Dec 31 2023NOK 16mNOK 12m

NOK 38b

Sep 30 2023n/an/a

NOK 38b

Jun 30 2023n/an/a

NOK 36b

Mar 31 2023n/an/a

NOK 35b

Dec 31 2022NOK 15mNOK 11m

NOK 32b

Sep 30 2022n/an/a

NOK 28b

Jun 30 2022n/an/a

NOK 27b

Mar 31 2022n/an/a

NOK 26b

Dec 31 2021NOK 15mNOK 11m

NOK 24b

Sep 30 2021n/an/a

NOK 23b

Jun 30 2021n/an/a

NOK 22b

Mar 31 2021n/an/a

NOK 21b

Dec 31 2020NOK 12mNOK 8m

NOK 18b

Sep 30 2020n/an/a

NOK 19b

Jun 30 2020n/an/a

NOK 20b

Mar 31 2020n/an/a

NOK 21b

Dec 31 2019NOK 9mNOK 6m

NOK 25b

Sep 30 2019n/an/a

NOK 26b

Jun 30 2019n/an/a

NOK 26b

Mar 31 2019n/an/a

NOK 25b

Dec 31 2018NOK 6mNOK 4m

NOK 24b

Sep 30 2018n/an/a

NOK 23b

Jun 30 2018n/an/a

NOK 23b

Mar 31 2018n/an/a

NOK 22b

Dec 31 2017NOK 6mNOK 4m

NOK 21b

Compensation vs Market: Kjerstin's total compensation ($USD1.50M) is below average for companies of similar size in the German market ($USD5.29M).

Compensation vs Earnings: Kjerstin's compensation has been consistent with company performance over the past year.

CEO

Kjerstin Braathen (54 yo)

5.4yrs

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

NamePositionTenureCompensationOwnership
Kjerstin Braathen
Group Chief Executive Officer5.4yrsNOK 15.83m0.0062%
€ 1.7m
Ida Lerner
Group Chief Financial Officer2.6yrsNOK 8.39m0.0010%
€ 283.0k
Maria Loevold
Group EVP of the Retail Market & Personal Banking and COO5.4yrsNOK 6.09m0.0010%
€ 285.7k
Fredrik Berger
Group Executive VP of Group Compliance & Group Chief Compliance Officer1.4yrsNOK 4.56m0.00065%
€ 176.9k
Even Westerveld
Group Executive Vice President of People & Communicationless than a yearNOK 4.04m0.00015%
€ 40.8k
Harald Serck-Hanssen
Group Executive Vice President of Large Corporates & International11.4yrsNOK 9.93m0.0041%
€ 1.1m
Hakon Hansen
Group Executive Vice President of Wealth Management6yrsNOK 6.19m0.0021%
€ 563.2k
Morten Opstad
Group Executive Vice President of Markets4.8yrsNOK 12.70m0.0042%
€ 1.1m
Per Naess-Fladset
Group Executive Vice President of Products1.2yrsNOK 4.39mno data
Oyvind Trangerud
Acting Group Executive Vice President of Technology & Servicesno datano datano data
Rune Helland
Head of Investor Relationsno datano datano data
Tor Steenfeldt-Foss
Group Executive Vice President of Auditno datano datano data

4.8yrs

Average Tenure

47yo

Average Age

Experienced Management: D1N's management team is considered experienced (4.8 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Kim Wahl
Independent Director2.9yrsNOK 496.00k0.0017%
€ 465.3k
Christine Bosse
Independent Director1.2yrsNOK 505.00kno data
Petter-Boerre Furberg
Independent Director1.2yrsNOK 361.00kno data
Olaug Svarva
Independent Chairman of the Board6.2yrsNOK 1.19m0.00099%
€ 269.4k
Gro Bakstad
Independent Director7.2yrsNOK 658.00k0.00027%
€ 73.5k
Eli Solhaug
Employee Representative Directorless than a yearNOK 171.00k0.00024%
€ 65.3k
Lillian Hattrem
Employee Representative Director8.4yrsNOK 632.00k0.00014%
€ 38.1k
Jens Olsen
Independent Vice Chair of the Board5.4yrsNOK 922.00k0.00082%
€ 223.1k
Ann-Mari Sæterlid
Deputy Employee Representative Director4yrsno data0.000030%
€ 8.2k
Haakon Sandven
Directorless than a yearno data0.000040%
€ 10.9k

3.5yrs

Average Tenure

61yo

Average Age

Experienced Board: D1N's board of directors are considered experienced (3.5 years average tenure).