As a consequence of the sale of Alm. Brand Bank A/S to Sydbank A/S as announced in company announcement no. 40/2020, employee-elected board member Susanne Larsen resigned from the Board of Directors of Alm. Brand A/S effective from 3 November 2020. Susanne Larsen was elected to the board as an employee representative of the group's bank employees. Employee representative Helle Låsby Frederiksen has also resigned from the company's Board of Directors and was replaced by personal alternate Lotte Kathrine Sørensen effective from 9 October 2020.