Audun Bø to be the new Chief Executive Officer of VPS

Audun Bø (54) has been appointed as the new Chief Executive Officer of VPS. He will take up the position no later than 1 December 2017.

Audun Bø joins VPS from the Eika Group where he is Executive Vice President, Products and Marketing. His current area of responsibility includes the commercial part of Eika, including the Eika Kapitalforvaltning, Eika Forsikring, Eika Kredittbank and Aktiv Eiendomsmegling subsidiaries, as well as the group’s central sales and marketing activities. He has 30 years of experience in the finance industry, both from Eika and from previous roles, including as CEO of Orkla Finans and DNB Markets, where he was also an Executive Vice President and a member of DNB’s executive management team.

Audun Bø has been on the Board of Directors of VPS since 2008, and has served as Chair of the Board since May 2016. This means he is very familiar with VPS and the company’s strategy, as well as with the changes taking place in the market and at VPS’ customers.

Audun Bø holds a Master’s degree in Economics from the School of Business, Economics and Law at the University of Gothenburg. He has also completed management development programs at both IMD in Switzerland and INSEAD in France.

“Audun Bø’s experience and background mean he is very well-placed to lead VPS in what are demanding times. One contribution he will make will be to ensure the company develops to become even more commercially focused on its customers”, comments Anne-Lise Kristiansen, Deputy Chair of the Board of Directors of VPS.

Central securities depositaries are facing major changes over the next few years both in terms of the services they provide and the technology they use. Over the next few years VPS will have to take a number of proactive strategic decisions to develop the range of services it offers and to adapt its activities to customers’ future needs.

John-Arne Haugerud will continue as CEO until Audun Bø takes up his position, which will be no later than 1 December 2017. John-Arne Haugerud will subsequently continue to play a role at the Oslo Børs VPS group and at VPS, including as the Chair of the Board of Directors of the subsidiary Centevo.

The work carried out by the Board of Directors of VPS to identify VPS’ new CEO was undertaken by a board committee consisting of Deputy Chair Anne-Lise Kristiansen, Bente A. Landsnes and Benedicte Schilbred Fasmer.

Audun Bø will stand down from the Board of Directors of VPS at the company’s Annual General Meeting on 9 May 2017, with Anne-Lise Kristiansen proposed as the new Chair.

For further information, please contact:
Anne-Lise Kristiansen, Deputy Chair of the Board of Directors of VPS, tel: +47 934 80286
Bente A. Landsnes, CEO of Oslo Børs VPS, tel: +47 905 50495
Audun Bø, newly appointed CEO of VPS, tel: +47 951 64092