Lars Johansen, the CEO of FIH Erhvervsbank A/S through 11 years is leaving his post on 30 June 2009 as part of a generational change. New CEO is Director Henrik Sjøgreen.

Lars Johansen, 63 years, joined as CEO in 1998 and has delivered excellent results all years until 2008 when FIH Erhvervsbank was also affected by the global crisis in the financial markets. Earlier this year, FIH Erhvervsbank headed by Lars Johansen, carried out a major business refocusing to ensure that the bank is stronger and ready to meet the challenges of the coming period. The work has now been completed and Lars Johansen can therefore hand over a business that has a solid platform in the market. The generational change has been planned for a time and a date has now been appointed.

The Board of Directors has appointed Henrik Sjøgreen, 44, as FIH’s new Managing Director and CEO taking up the position on 1 July 2009. Henrik Sjøgreen has been a member of the Executive Board of FIH Erhvervsbank since 2002 and has previously served as Senior Executive Director as well as Executive Director and Head of Banking respectively. Henrik Sjøgreen has been employed in FIH Erhvervsbank since 1992.

FIH Erhvervsbank’s annual general meeting was held today, 10 March 2009.
The general meeting adopted the annual report for 2008.

Immediately following the annual general meeting, the Board of Directors met to elect its Chairman and Vice-chairman. Hans Skov Christensen wasre-elected as Chairman and Gudni Niels Adalsteinsson was elected as new Vice-Chairman. The composition of the Board of Directors remained unchanged in other respects

Copenhagen, Tuesday 10 March 2009 at 17:00
Hans Skov Christensen
Chairman

For further information please contact Chairman of the Board of Directors Hans Skov Christensen on telephone +45 3377 3600.