Business

Almost 2 million kr. for 77 days of work

Bjørn Mortensen was a temporary solution when Súni Schwartz Jacobsen last summer resigned prematurely from his position as manager.

Bjørn Mortensen was a temporary solution when Súni Schwartz Jacobsen last summer resigned prematurely from his position as manager.

“A bank cannot function without a manager,” says Birgir Nielsen, chairman of the board at the Betri Consortium.

He defends the decision to pay the interim bank manager more than 22,500 kr. per day.

Bjørn Mortensen, who is a Danish national, was first elected to the Betri Bank board on 21 April 2017. Less than three months later, on 13 July, Súni Schwartz Jacobsen suddenly resigned from his position as manager.

The following day Bjørn Mortensen was appointed as the bank’s interim manager.

The Betri Bank accounts, which have now been published, show that Mr Mortensen received a total salary of 1,730,000 kr. for the 77 days between 14 July to 29 September last year.

Similar salary as the previous manager

As well as being chairman of the board, Birgir Nielsen is the deputy chairman of Betri Bank. According to him, it was the chairman of the board at the time, Torben Nielsen, who made the arrangement that board member Bjørn Mortensen should take up the managerial role with immediate effect.

Birgir Nielsen said that the contract was valid for approximately six months, and that the salary was decided to be the same as the one Súni Schwartz Jacobsen had received.

Seventy-seven days in the job

Only 77 days later another bank manager was hired, and Mr Mortensen’s days as Betri’s bank manager were over.

However, he was still paid for the full duration of the contract, which means he received 1,730,000 kr. for his 77 in the job.

Birgir Nielsen added that it can be extremely difficult to find a qualified bank manager at short notice.

At the end of September 2017, a new bank manager was hired from within the Betri Consortium.

This article was originally published on kvf.fo

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