Pohjola Pankki Oyj: Jouko Pölönen appointed President and CEO of Pohjola

   Pohjola Pankki Oyj: Jouko Pölönen appointed President and CEO of Pohjola

Pohjola Bank plc
Stock exchange release
19 September, 2013, 12.40 pm

Jouko Pölönen appointed President and CEO of Pohjola

The Board of Directors of Pohjola Bank plc has appointed Jouko Pölönen to act
as Pohjola's President and CEO as of 15 November 2013. Pölönen, 43, is
currently acting as Pohjola Insurance Ltd's President and will also continue
to do so.

Jouko Pölönen has been employed by Pohjola Group in various positions since
2001, such as Chief Financial Officer and Chief Risk Officer. He is Master of
Science in Economics and Business Administration and eMBA.

"Based on our succession plan, we examined a number of strong internal
candidates. Diversified experience and his extensive expertise in various
fields at Pohjola, such as in financial management, finances, risk management
and non-life insurance, were Mr Pölönen's key strengths", states Reijo
Karhinen, Chairman of Pohjola Bank plc's Board of Directors.

"I believe that Jouko has the appropriate combination of expertise, experience
and strong connections as required of Pohjola's President and CEO. He also
knows Pohjola Group well, which helps him take up his new duties and is a
great advantage in the years to come", continues Karhinen.

"It is great honour for me to have been appointed President and CEO. I am very
pleased. Pohjola is a renowned financial services provider with a long
history. I am looking forward to having the opportunity to continue Pohjola's
success together with our personnel as part of the strong OP-Pohjola Group",
says Jouko Pölönen. 

Jouko Pölönen will succeed Mikael Silvennoinen who will take up a position as
partner and Board Chairman of his family business and will be ready to serve
on corporate boards.

Attached to the release are Mr Pölönen's remuneration statement and CV. The
photo of Mr Pölönen can be downloaded on Pohjola's website at www.pohjola.com
> Media > Photo Library > Pohjola's Executive Committee.

Carina Geber-Teir
Chief Communications Officer

Reijo Karhinen, Chairman of the Board of Directors, tel. +358 (0)10 252 4500
OP-Pohjola Communications, media contacts, tel. +358 (0)50 523 99 04

LSE London Stock Exchange
SIX Swiss Exchange
Major media
op.fi, pohjola.com

Pohjola 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.

President and CEO Remuneration
Jouko Pölönen CV


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Source: Pohjola Pankki Oyj via Thomson Reuters ONE
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