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2009-03-30 07:00:00 CEST 2009-03-30 07:00:10 CEST REGULATED INFORMATION Pohjola Pankki Oyj - Company AnnouncementDecisions by Organising Meeting of Pohjola's Board of DirectorsPohjola Bank plc COMPANY RELEASE, Release Category: Stock Exchange Release 30 March 2009, 8.00 am Finnish time (GMT+3) Decisions by Organising Meeting of Pohjola's Board of Directors At its organising meeting on 27 March 2009 held after the Annual General Meeting, the Board of Directors of Pohjola Bank plc (Pohjola) elected members to the Board's committees. Members of the Remuneration Committee: Executive Chairman Reijo Karhinen (Chairman), President Tony Vepsäläinen (Vice Chairman) and Professor Satu Lähteenmäki. Members of the Risk Management Committee: President Tony Vepsäläinen (Chairman), Deputy Managing Director Simo Kauppi (Vice Chairman) and President and CEO Markku Vesterinen. Members of the Audit Committee: Tom von Weymarn (Chairman), Managing Director Merja Auvinen (Vice Chairman) and President and CEO Jukka Hienonen. In accordance with the Articles of Association, Reijo Karhinen, Executive Chairman of OP-Pohjola Group and Chairman of the Executive Board of OP-Pohjola Group Central Cooperative, acts as the Chairman of Pohjola's Board of Directors and Tony Vepsäläinen, President of OP-Pohjola Group Central Cooperative and Vice Chairman of the Executive Board of OP-Pohjola Group Central Cooperative, acts as the Vice Chairman. The Board of Directors has assessed the independence of its members and concluded that Jukka Hienonen, Satu Lähteenmäki and Tom von Weymarn are non-executive members independent of the company and its major shareholders. Based on the Board's assessment, the following members are executive members dependent on the company and its major shareholders: Reijo Karhinen and Tony Vepsäläinen who are members of the Executive Board of OP-Pohjola Group Central Cooperative, Pohjola's parent institution. Pohjola is the Central Cooperative's subsidiary. Furthermore, the following members are executive members dependent on the company: Merja Auvinen and Simo Kauppi. While the former is the Managing Director of Savonlinnan Osuuspankki, the latter acts as the Deputy Managing Director of Länsi-Suomen Osuuspankki. Both Savonlinnan Osuuspankki and Länsi-Suomen Osuuspankki have a significant customer relationship and partnership with Pohjola. The following member is regarded as being an executive member dependent on the company's major shareholder: Markku Vesterinen who is Suomi Mutual's President and CEO. Suomi Mutual is a major shareholder of Pohjola. Pohjola Bank plc Markku Koponen Senior Vice President FOR FURTHER INFORMATION, PLEASE CONTACT: Reijo Karhinen, Chairman of the Board of Directors, tel. +358 (0)10 252 4500 Markku Koponen, Senior Vice President (Corporate Communications), tel. +358 (0)10 252 2648 DISTRIBUTION NASDAQ OMX Helsinki Ltd London Stock Exchange SWX Swiss Exchange Major media |
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