As a next step in the ongoing transformation, Danske Bank A/S will change the organization to become even more customer-centric and enhance commercial focus as well as accelerate execution of their 2023 plan. Going forward, the commercial activities will be organized in three business units headed by Berit Behring, Christian Bornfeld and Johanna Norberg. New Head of Personal Customers Christian Bornfeld and new Head of Business Customers Johanna Norberg will join the Executive Leadership Team no later than 1 May 2022 replacing Glenn Söderholm.

Glenn Söderholm will step out of the ELT when the changes take effect after which he will stay on as a senior advisor.Berit Behring will continue to head Large Corporates & Institutions. No later than 1 May 2022, they will divide the current Personal & Business Customer unit into two business units. Hence, going forward their commercial activities will be organized in three customer segment focused units: Personal Customers, Business Customers and Large Corporates & Institutions: The Personal Customers unit will serve their personal customers across all markets as well as include their subsidiaries Danica and Realkredit Danmark.

This unit will be headed by Christian Bornfeld, who comes from a position as Chief Innovation and Technology Officer at ABN AMRO. Christian Bornfeld brings extensive leadership and industry experience across personal banking and digital transformation. The Business Customers unit will serve their small and medium-sized business customers across all markets as well as include their Asset Finance operations.

This unit will be headed by Johanna Norberg, who has been with Danske Bank since 2010 and is presently heading Business Customers in the current Personal & Business Customers unit and is Country Manager of Danske Bank Sweden, the latter of which she will also continue as. The Large Corporates & Institutions unit will remain the same and will continue to be headed by Berit Behring. Christian Bornfeld and Johanna Norberg will no later than 1 May 2022 join the Executive Leadership Team, replacing Glenn Söderholm.

Glenn Söderholm will remain in his current role and member of the Executive Leadership Team until the changes take effect no later than 1 May 2022 after which he will take on a position as a senior advisor. The new organization will take effect no later than 1 May 2022. The financial reporting will be aligned with the new organizational structure.

The interim report for the first six months of 2022 will show pro forma figures, whereas the new structure will be reflected in the interim report for the first nine months of 2022 at the latest.