Board members

Board of Directors of OP Corporate Bank plc

 

Chair 
Timo Ritakallio, b. 1962

  • President and Group CEO, OP Financial Group

  • CEO, OP Cooperative

  • LL.M, MBA, D.Sc. (Tech.)

  • Board member since 2018

  • Executive member dependent on the Company and its major shareholder (OP Cooperative)

Other relevant positions:

  • Kesko Corporation, Member of the Board of Directors

  • Finance Finland (FFI): Vice Chairman of the Board of Directors

  • Finland Chamber of Commerce: Chairman of the Board of Directors

  • ICC Finland, Chairman of the Board of Directors

Relevant previous experience: 

  • Ilmarinen Mutual Pension Insurance Company: President and CEO 2015-2018

  • Ilmarinen Mutual Pension Insurance Company: Deputy CEO and CIO 2008-2014

  • Pohjola Group (currently OP Corporate Bank Group): Deputy CEO 2006-2008

  • OKO Bank (currently OP Corporate Bank plc): Deputy CEO 2001-2005

  • OKO Bank (currently OP Corporate Bank plc): EVP 1997-2001

  • Opstock Securities Ltd: Managing Director 1993-1997

  • Uudenkaupungin Seudun Osuuspankki: Managing Director 1991-1993

  • Tampereen Seudun Osuuspankki: Head of Listed Securities Department 1988-1991

Mikko Timonen, b. 1975

  • CFO, OP Financial Group

  • M.Sc. (Econ. & Bus. Adm.)

  • Board member since 2022

  • Executive member dependent on the Company and its major shareholder (OP Cooperative)

Other relevant positions:

  • -

Relevant previous experience:

  • OP Corporate Bank plc: Head of Corporate Business Control, Corporate Banking, 2019-2022

  • OP Cooperative: Head of Banking Business Control 2015-2018

  • OP Cooperative, Pohjola Bank plc: Business Controller 2012-2015

  • Pohjola Bank plc: Business Development Manager 2008-2012

  • Nasdaq Helsinki Oy: various managerial and expert duties 2001-2008

Petteri Rinne, b. 1967

  • Managing Director, OP Turun Seutu (Turku District Co-operative Bank)

  • M.Sc. (Econ. & Bus. Adm.)

  • Board member since 2022

  • Executive member dependent on the Company and its major shareholder (OP Cooperative)

Other relevant positions:

  • -

Relevant previous experience:

  • Turku District Co-operative Bank, Deputy Managing Director 2012-2021

Olli Lehtilä, b. 1962

  • Managing Director, Uudenmaan Osuuspankki

  • London Business School. Senior Executive Programme

  • University of Tampere/Tampere University of Technology, eMBA

  • Board member since 2023

  • Executive member dependent on the Company and its major shareholder (OP Cooperative)

Relevant previous experience:

  • OP Financial Group, Deputy to President and Group Chief Executive Officer 2020-2022

  • OP Financial Group, Executive Vice President, Insurance Customers 2014-2022

  • Pohjola Insurance Ltd, Chief Executive Officer 2014-2022

  • Helsinki OP Bank Plc, Managing Director 2011-2014

  • Tampereen Seudun Osuuspankki, Managing Director 2006-2010                             

Other relevant positions:

  • Terveystalo, Nomination Board member 2019-2022

  • The Federation of Finnish Financial Services (FFI), Chairman of the Non-Life Insurance Board 2022-2022

  • The Federation of Finnish Financial Services (FFI), Member of the Non-Life Insurance Board 2015-2021

  • Pellervo Economic Research PTT, Member of the Board 2015-2020

  • Ilmarinen, Member of the Board 2014-2019

  • Insurance Europe Strategic Board, Member 2015-2019

  • Unico Banking Group, Member of the Bancassurance Committee 2015-2019

Mikko Vepsäläinen, b. 1976

  • Managing Director, Pohjois-Savon Osuuspankki

  • LL.M, eMBA

  • Board member since 2024

  • Executive member dependent on the Company and its major shareholder (OP Cooperative)

Other relevant positions:

  • -
     

Relevant previous experience:

  • Pohjois-Savon Osuuspankki, Deputy Managing Director 2013-2022

  • Pohjois-Savon Osuuspankki, Administrative Director 2012-2013

  • Pielisen Osuuspankki, Managing Director 2009-2012

  • Lieksan Osuuspankki, Managing Director 2008-2009

  • Nurmeksen Osuuspankki, Managing Director 2004-2009

Hannakaisa Länsisalmi, b. 1970

  • Chief Human Resources Officer

  • Board member since 2024

  • Ph.D Psych

Relevant previous experience:

  • OP Financial Group: SVP, Human Resources, Non-life Insurance 2016–2018

  • MTV: Vice President, HR and Communications 2015–2016

  • KAIKI Consulting: Managing Director, Partner 2012–2015

  • Nokia Corporation: Director, HRD 2007–2012

  • Finnish Institute of Occupational Health: Department of Psychology, Team Leader and Specialist Research Scientist

  • Rautaruukki: Business Development Manager and HRD Manager 2001–2004

Other relevant positions:

  • Yle: Member of the Board of Directors

  • Ilmarinen Mutual Pension Insurance Company: Member of the Board of Directors

  • Finland Chamber of Commerce: Member of the Medal of Merit Board