DNB's Election Committee has nominated Olaug Svarva to the position as new board chairman. She will be formally elected by DNB's annual general meeting on April 24, 2018. Olaug Svarva has been CEO of Folketrygdfondet since 2006, where she has previously held the role of investment director for equities. She also has experience from SpareBank 1 Aktiv Forvaltning and SpareBank 1 Livsforsikring as CEO and investment director, respectively. Anne Carine Tanum will retire as board chairman at the annual general meeting in April 2018. She has been board chairman since 2008 and a board member since 1999.