Spar Nord Bank A/S announced that Niels Kristian Kirketerp will not stand for re-election to the company's board at the April 18 annual general meeting. The bank will propose the election of Laila Mortensen, CEO of Industriens Pension, and Kaj Christiansen, CEO of Frederikshavn Maritime Erhvervspark A/S. Board member Per S ndergaard Pedersen resigned in December 2011.