Change in company structure


Change in management structure in Føroya Banki

The Board and senior management in Føroya Banki have decided to make some
structural adjustments for the purpose of strengthening the structure for the
future. 

Janus Petersen, CEO has overall responsibilities for administration, Markets &
Treasury and subsidiaries, while Súni Schwartz Jacobsen, managing director has
overall responsibility for the corporate and retail areas. 

Adjusted managerial team
In connection with the appointment of Jean Djurhuus as CEO of the Bank's
subsidiary P/F Trygd, a new head of the Credit department has been appointed.
Torbjørn Andreasen is appointed as new head of Credit department. 

Apart from the senior management, the managerial team of Føroya Banki will now
be comprised of the following: 

Ingi Olsen, Head of Corporate Division
John Rajani, Head of Corporate Finance
Niels A. Joensen, Head of Retail Division
Johnny í Grótinum, Head of Markets
Bjarki Mohr, Head of Human Resource
Torbjørn Andreasen, Head of Credit department
Ingi Vestergaard, Head of Business Development
Poula Michelsen Kass, Head of Marketing
Cecil Weihe, Head of Accounts department

Further Information

Janus Petersen, CEO of Føroya Banki, (+298) 330 330
Súni Schwartz Jacobsen, Managing Director of Føroya Banki, (+298) 330 330

Attachments

announcement_11_20072112uk.pdf