Pohjola Pankki Oyj : President and CEO Mikael Silvennoinen to Resign from
Pohjola Bank plc
Stock Exchange Release
17 June 2013 at 10.00 am
President and CEO Mikael Silvennoinen to Resign from Pohjola
Mikael Silvennoinen announced today that he would resign as Pohjola Bank plc's
President and CEO by the end of 2013. Acting as President and CEO since 1997,
Mr Silvennoinen has resigned at his own request.
- I am grateful for having had the remarkably great opportunity to be involved
in expanding and developing Pohjola's business for the last 24 years. During
those years, the company has grown into one of the most successful financial
services providers in Finland.
- 56 years of age and for 16 years as President and CEO. At some point in
time, one starts to think of whether there is still something else that one
can do. I would say that the time is ripe right now. At the beginning of 2014,
I will take up a position as partner and Board Chairman of our family business
IMS Talent, and will be ready to serve on corproate boards, says Silvennoinen.
- Mikael Silvennoinen's career in Pohjola's management has been
extraordinarily long and highly successful until the very end. I would like to
give my sincere thanks for his great performance. This resignation is
lamentable but I understand his personal decision, says Reijo Karhinen,
Chairman of the Board of Directors of Pohjola Bank plc.
A successor to Silvennoinen will be selected during the next few months
through the standard recruitment process initiated by Pohjola's Board of
Directors. Silvennoinen will remain in his position until the end of the year.
Pohjola Bank plc
Chief Communications Officer
FOR MORE INFORMATION, PLEASE CONTACT
Reijo Karhinen, Chairman of the Board of Directors, tel. +358 (0)10 252 4500
Mikael Silvennoinen, President and CEO, tel. +358 (0)10 252 2549
NASDAQ OMX Helsinki
LSE London Stock Exchange
SIX Swiss Exchange
Pohjola Bank plc is a Finnish financial services group which provides its
customers with banking, non-life insurance and asset management services.Our
mission is to promote the sustainable prosperity, security and wellbeing of
our customers.Profitable growth and an increase in company value form our key
objectives.Pohjola Group serves corporate customers in Finland and abroad by
providing an extensive range of financial, investment, cash- management and
non-life insurance services.We offer non-life insurance and private banking
services to private customers.Pohjola Series A shares have been listed on the
Large Cap List of the NASDAQ OMX Helsinki since 1989. The number of
shareholders totals around 32,000. Pohjola's consolidated earnings before tax
came to 374 million euros in 2012 and the balance sheet total amounted to 45
billion euros on 31 December 2012. Pohjola is part of OP-Pohjola Group, the
leading financial services group in Finlandwith over four million customers.
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Source: Pohjola Pankki Oyj via Thomson Reuters ONE
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