Management changes in the Nykredit Group - Nykredit Bank A/S

Management Changes - Spar Nord Bank A/S is becoming part of the Nykredit Group, leading to expected changes in the boards of directors and executive managements of the companies within the group [1] - Lasse Nyby, the current CEO of Spar Nord Bank A/S, is proposed to join the Board of Directors of Nykredit Realkredit A/S and will be appointed Deputy Chairman of both Nykredit A/S and Nykredit Realkredit A/S [2][3] - Martin Kudsk Rasmussen will join the Group Executive Board of Nykredit Realkredit A/S, responsible for the entire Banking area in the Nykredit Group [5] Corporate Structure - Nykredit A/S and Nykredit Realkredit A/S are the ultimate parent companies in the Nykredit Group's corporate structure, with business activities primarily conducted through Nykredit Realkredit A/S [4] Executive Board Composition - The Group Executive Board of Nykredit Realkredit A/S will consist of Group Chief Executive Michael Rasmussen and Executive Directors including Martin Kudsk Rasmussen, who will play a significant role in the banking area [6] - The new Board of Directors of Spar Nord is expected to include members from Nykredit Bank A/S, ensuring a unified executive management structure post-merger [10][11] Future Integration - The merger of Nykredit Bank A/S and Spar Nord Bank A/S is expected to take effect in spring 2026, with significant changes to the executive management teams of both banks [13] - Current members of Spar Nord's Executive Management will transition to roles within Nykredit's Group Executive Board, ensuring continuity and expertise during the integration process [14]