According to Norwegian corporate law, the board is responsible for the overall management of the Schibsted Group, while the CEO is responsible for the day-to-day management. The board has also established an audit committee and a compensation committee.
The role of the board is to supervise the day-to-day management as carried out by the CEO and Schibsted’s general activities and ensure that appropriate management and control systems are in place. The board appoints the CEO and stipulates the job instructions, powers of attorney and terms and conditions of employment for the CEO.
The board has established internal rules of procedures that describe its responsibility, duties and administrative procedures. The rules of procedure also describe the duties of the CEO and his/her duties vis-à-vis the board. The board performs an annual self-assessment of its work which forms the basis for the nomination committee’s annual board evaluation work. The Articles of association define that the board shall comprise from six to eleven members, in addition to deputy members. The Group’s employees shall be represented on the board by the number of representatives in accordance with current agreements with the company. As of today, the board consists of ten members whereas seven are shareholder’s representatives and three are employee representatives. The board’s shareholder-elected members are elected for one-year terms. The employee-elected representatives are elected for two-year terms.
In addition to the elected board members, there is one observer attending the board meetings of Schibsted ASA. The observer is entitled to speak and submit proposals at the board meetings.
Number of Schibsted ASA shares per board member disclosed below is updated per 25 May 2023.
Karl-Christian Agerup (born 1962)
Chairman of the Board
Global Partner at Antler from January 2020. Previously CEO of Oslotech AS from 2010-2020, co-founder and General Partner of Northzone Ventures from 1997–2009, co-founder and CEO of Hugin ASA and project manager in McKinsey & Company. Agerup has extensive Board experience, including from companies such as DNB ASA, Zalaris ASA and Startuplab AS (chair). Substitute Board member in Schibsted ASA from 2003 -2007 and Board member from 2008 – 2014. Agerup has since 2010 been an alternate board member in the Tinius Trust. Graduate of Copenhagen Business School and Master of Science in Management from Massachusetts Institute of Technology. Board member in Schibsted from 2020 and Chair of the Board from 2022. Based in Norway.
Number of available shares in Schibsted ASA (updated 7 June 2024):
Schibsted A-shares: 4,400, Schibsted B-shares: 6,000
Rune Bjerke (born 1960)
Deputy Chairman of the Board
Bjerke has held CEO positions in Scancem International (1999–2000), Hafslund ASA (2000–2006) and DNB ASA (2007–2019). Bjerke currently sits on the Board of several companies, including Wallenius Wilhelmsen ASA (Board Chair) and Norsk Hydro ASA. Bjerke has extensive board experience, including from companies such as Vipps AS, Statoil ASA, Storebrand ASA, Finans Norge and Renewable Energy Corporation AS. Bjerke holds the position as Adjunct Executive in Residence at Norwegian School of Economics (2020–). He also has experience as a political advisor in the Ministry of Petroleum and Energy, party secretary in the Oslo Labor Party and finance council in the municipality of Oslo. Bjerke holds a degree in Economics from the University of Oslo, and a Master in Public Administration (MPA) from Harvard University, Kennedy School of Government. Board member in Schibsted from 2021 and Deputy Chair from 2022. Based in Norway.
Number of available shares in Schibsted ASA (updated 7 June 2024):
Schibsted A-shares: 0, Schibsted B-shares: 6,022.
Philippe Vimard (born 1974)
Board member
Group Chief Operating Officer, Chief Technical Officer and Board Member of Doctolib, the leading healthcare software-as-a-service platform in Europe. Previously Chief Technology Officer of payment technology company Klarna in Sweden (2016–18) and Chief Operating Officer and Chief Technology Officer at online travel group eDreams ODIGEO in Spain (2011–15). Various positions in Expedia in North America and Europe from 2002-2010, including Senior Director, Lodging and Chief Technology Officer of Venere.com. Board Director of PATRIZIA AG, a publicly-traded real estate investment firm, since 2020. Educated in Applied Science at Maisonneuve College and Computer Science at CDI College in Montreal. Board member in Schibsted since 2018, and Chairman of the remuneration committee, since 2021. Based in France.
Number of available shares in Schibsted ASA (updated 7 June 2024):
Schibsted A-shares: 0, Schibsted B-shares: 17,590.
Satu Kiiskinen (born 1965)
Board member
Satu Kiiskinen is the Managing Director for Tietoevry Tech Services. Tietoevry is a leading technology company with a strong Nordic heritage and global capabilities. Kiiskinen has worked at Tietoevry since 2013 in different executive positions. Before joining Tietoevry, she has worked in various leadership positions with Elisa, BearingPoint, Netigy and KPMG. She is a member of the board at Technology Industries of Finland as well as at The Finland Chamber of Commerce and has been recognised as one of the top tech influencers as well as a female leader in Finland. Kiiskinen holds a master of science (economics) 1992 from Helsinki School of Economics and Business Administration. Board member in Schibsted since 2022. Based in Finland.
Number of available shares in Schibsted ASA (updated 7 June 2024):
Schibsted A-shares: 0, Schibsted B-shares: 0.
Dr. Ulrike Handel (born 1971)
Board member
Dr. Ulrike Handel has over 25 years of experience from various senior executive positions in digital industries. Dr. Handel served as President News Media Europe and Marketing Media, and Member of the Executive Board of Axel Springer until December 2022. Prior to this, Dr. Handel held various leadership positions in Dentsu International (2017-2022), including the role as CEO of Dentsu Germany and DACH, was CEO & Chairman at pepper media International N.V (2013-2017), and was a Member of the Management Board of Bertsch Innovation Group. In the period from 2000-2011, Dr. Handel held leadership positions in Axel Springer, including the role as Head of the classifieds group, and Member of the Management Board at WELT Group. Dr. Handel earned a doctorate from Amsterdam School of Communications Research (Universiteit van Amsterdam) in 2000. She also holds a degree in media management Department of Journalism and Communication Research at Hannover University of Music and Drama and University of Madison, Wisconsin as well as a degree in Economics/Business Administration from the University of Hannover. Dr. Handel currently sits on the Supervisory Board of Compugroup Medical SE & Co. KGaA, the Administrative Board SPARK SE, and the Advisory Board of Kontora Family Office GmbH Proposed as Board member in Schibsted from the Annual General Meeting in 2023. Based in Germany.
Number of available shares in Schibsted ASA (updated 7 June 2024):
Schibsted A-shares: 0, Schibsted B-shares: 0.
Natasha ten Cate (born 1976)
Board member
Natasha ten Cate is currently the SVP Marketplace at Booking.com. Ten Cate previously held the position as President SME Services at Bauer Media (2020-2022). Prior to this, ten Cate worked five years in Prosus (2015–2020), where she held several leadership positions, including Chief Strategy and Data Officer – OLX Markets, Chief Commercial Officer OLX Group Europe and CFO OLX Group Europe. In the period 2007–2014, ten Cate worked in Ebay Classifieds Group, where she held positions such as Director SME and Consumer Business, Marktplaats.nl, Strategy Director and CFO, eBay Classifieds Group Northern Europe. Ten Cate holds a PhD in Politics from Princeton University and an M.A. in Political Science from Michigan University. Proposed as Board member in Schibsted from the Annual General Meeting in 2024. Based in the Netherlands.
Number of available shares in Schibsted ASA (updated 7 June 2024):
Schibsted A-shares: 0, Schibsted B-shares: 0.
Rolv Erik Ryssdal (born 1962)
Board member
Rolv Erik Ryssdal held the position as CEO of Adevinta ASA from the company was listed on the Oslo Stock Exchange in 2019 until 2022. Prior to taking on this role, Ryssdal worked 28 years in Schibsted, including as Group CEO (2009–2018), CEO of Schibsted Classified Media (2008-2009), CEO of Verdens Gang (2005–2008) and CEO of Aftonbladet (1999–2005). Ryssdal has extensive board experience, and currently sits on the board of several companies, including Orkla ASA, Spir Group ASA, Simployer Group and Ness, Risan & Partners AS. He has previously been a board member of Danske Bank and various companies within the Schibsted Group, including Finn NO AS. Ryssdal holds an MBA, Business Administration from INSEAD and a MSc, Business Administration from BI Norwegian Business School. Proposed as Board member in Schibsted from the Annual General Meeting in 2024. Based in Norway.
Number of available shares in Schibsted ASA (updated 7 June 2024):
Schibsted A-shares: 0, Schibsted B-shares: 6,448.
Sarah Blystad
Deputy Board member (Employee Representative)
Sarah Blystad is currently the Head of Localisation at Schibsted Marketplaces. She has more than 15 years of experience developing and leading localisation programmes in the tech industry, with a focus on global expansion and new market entry. She has previously held roles as Localisation Director and Employee Representative to the Board at Kahoot! (2020-2023), Localisation Director at Keystone Education Group (2018–2020) and Localisation Director at Opera Software (2007–2017). Over the years she also has consulted startups on localisation and global growth strategies.
Number of available shares in Schibsted ASA (updated 7 June 2024):
Schibsted A-shares: 0, Schibsted B-shares: 0.
Karl Ewaldh
Deputy Board member (Employee Representative)
Karl Ewaldh is currently a Client Manager in Mobility at Schibsted Marketplaces. He has previously held roles as Real estate agent and Transaction advisor at Bjurfors Real Estate (2014–2018), Client Manager at Blocket Bostad (2011–2014), Real estate agent at Fastighetsbyrån (2009–2011) and Client Manager at Dagens Industri (2008–2009). Karl has a degree in Construction and property economics from Halmstad University. He is also a Board Member at Unionen Schibsted Club and the Work Environment Representative at Blocket.
Number of available shares in Schibsted ASA (updated 7 June 2024):
Schibsted A-shares: 0, Schibsted B-shares: 401.
Yevgeniya Nättilä
Board member (Employee Representative)
Yevgeniya Nättilä is currently an Engineering Manager at Oikotie Real Estate. She previously served as Management Consultant at CGI and Senior Consultant at Siili Solutions, specialising in process development, lean-agile transformations, and project & program management. She was a member of the Finnish Management Consultants Association (LJK) from 2016–2021 and is a certified coach by WCO. Yevgeniya holds a Specialist (Engineer) degree in Information Systems in Economics, Business, and Management from North Kazakhstan State University, an MSc in Computer Science from the University of Eastern Finland, and an MBA in International Business Management from Haaga-Helia University of Applied Sciences.
Number of available shares in Schibsted ASA (updated 7 June 2024):
Schibsted A-shares: 0, Schibsted B-shares: 0.
Henning Spjelkavik
Board member (Employee Representative)
Henning Spjelkavik is currently a Principal Engineer at Schibsted Marketplaces and has held positions as a Tech Lead, Architect and Interim Chief Architect at FINN.no since 2014. From 1996 to 2013 he was a Partner, Senior Engineer and Board member/observer (2003–2011) at Skiinfo AS, which was acquired by Vail Resorts Inc in 2012. Spjelkavik holds a Master of Science in Informatics from the University of Oslo and a certificate of Specialization in Strategy from Harvard Business School Online.
Number of available shares in Schibsted ASA (updated 7 June 2024):
Schibsted A-shares: 318, Schibsted B-shares: 2,279.
Jan Svenningsen
Deputy Board member (Employee Representative)
Jan Svenningsen has worked for Aftenposten/Aftenposten Distribusjon/Schibsted Distribusjon Øst since 2000. He has been on the Board of Schibsted Delivery and Schibsted Distribusjon Øst since 2014. He is also the head of the local union (Fellesforbundet).
Number of available shares in Schibsted ASA (updated 7 June 2024):
Schibsted A-shares: 0, Schibsted B-shares: 0.
Kamilla Wehrmann
Board member (Employee Representative)
Kamilla Wehrmann is currently a Product Manager for Real Estate at Schibsted Marketplaces. She has over 11 years of experience from Schibsted, working in both the media and marketplaces businesses. She has operated across various markets and verticals within Schibsted Marketplaces, including financing, insurance, and real estate, and has completed specialised programs in strategy, IT management, and business administration. She has also served as a board member at FINN.no from 2021–2023 and has been a deputy board member since 2023.
Number of available shares in Schibsted ASA (updated 7 June 2024):
Schibsted A-shares: 0, Schibsted B-shares: 0.
The Group Board’s compensation committee
The compensation committee is a sub-committee to the board and has no decision-making authority. The compensation committee is elected by the group board for one year terms.
The compensation committee prepares matters relating to the group CEO’s remuneration to the board. In addition, the committee assists the board in its work on the philosophy, principles and strategy for the compensation of leading executives in the Schibsted group. The committee also discusses issues related to the succession of key positions in the group. The committee was established in 2004.
It consists of the following members:
- Natasha ten Cate (Chair)
- Karl-Christian Agerup
- Philippe Vimard
- Kamilla Wehrmann
The Group Board’s audit committee
The audit committee is another sub-committee of the Board and serves as a preparatory and advisory body. The committee primarily assists the board in oversight, monitoring and quality assurance of the following main areas:
- Company’s periodic financial reports, financial statements and other financial information made available to its shareholders
- Group’s financial reporting, accounting, risks and internal controls, and regulatory compliance
- Appointment, performance, and independence of the external auditors
The committee was established in 2007 and its updated mandate reflects the provisions of the newly enacted Norwegian Auditor’s Act of 2021.
The audit committee consists of the following three members who are elected by the Board for a one-year term:
- Rune Bjerke (Chair)
- Ulrike Handel
- Satu Kiiskinen
- Henning Spjelkavik