OSLO: The Board of Directors of Kommunalbanken AS (KBN) has appointed Jannicke Trumpy Granquist as new President and CEO.
The Board has assessed several good candidates in the process and considers it an advantage to have found an internal successor.
Granquist knows the company well from her time as CFO and acting CEO. KBN is a large financial actor with an important public policy mandate. Granquist has the right values and skills to lead KBN going forward, says Chair of the Board Brit Kristin Rugland.
Granquist was appointed CFO of KBN in August 2014. She joined KBN from NBIM, where she held the position as Head of Valuation and Accounting. Granquist has previously worked in the areas of banking and finance in EY and Simcorp. She holds an MSc in International Accounting and Finance from London School of Economics.
“I would like to thank the Members of the Board for their confidence. I look forward to taking on the task of improving KBN as the local government sector’s most important financing partner, together with all the skilled employees.
“The sector faces major challenges in the years to come, such as a growing number of pensioners per person of working age, the decarbonization of the society, and at the same time less economic contribution from the petroleum sector. KBN will contribute to the local government sector having good decision-making tools and the financing they need to deliver good services across the country,” says Jannicke Trumpy Granquist.
Since March, KBN’s Board of Directors has conducted a broad search and a thorough recruitment process, with support from the recruitment company Egon Zehnder. Both external and internal candidates were considered for the role.