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Friestad (1966) became EVP, Corporate Strategy & Projects in August 2011. He holds a degree in economics and business administration from Stavanger University College and has also taken various Master of Management courses within marketing strategy and management at BI Norwegian Business School. He was a member of the board of Helse Stavanger from 2008 to 2017. He has worked for SpareBank 1 SR-Bank since 1988.

Board appointments: Chair of the boards of EiendomsMegler 1 SR-Eiendom AS, SpareBank 1 Kreditt AS and SpareBank 1 Forvaltning AS. Member of the board of SpareBank 1 Betaling AS and substitute member of the board of Vipps AS.

Number of shares in SpareBank 1 SR-Bank ASA: 50,675 as at pr. 26.03.2021 (including any shares held by closely related parties).