Board of Directors of OP Corporate Bank plc
Chair
Timo Ritakallio, b. 1962
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President and Group CEO, OP Financial Group
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CEO, OP Cooperative
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LL.M, MBA, D.Sc. (Tech.)
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Board member since 2018
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Executive member dependent on the Company and its major shareholder (OP Cooperative)
Other relevant positions:
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Kesko Corporation, Member of the Board of Directors
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Finance Finland (FFI): Vice Chairman of the Board of Directors
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Finland Chamber of Commerce: Chairman of the Board of Directors
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ICC Finland, Chairman of the Board of Directors
Relevant previous experience:
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Ilmarinen Mutual Pension Insurance Company: President and CEO 2015-2018
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Ilmarinen Mutual Pension Insurance Company: Deputy CEO and CIO 2008-2014
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Pohjola Group (currently OP Corporate Bank Group): Deputy CEO 2006-2008
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OKO Bank (currently OP Corporate Bank plc): Deputy CEO 2001-2005
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OKO Bank (currently OP Corporate Bank plc): EVP 1997-2001
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Opstock Securities Ltd: Managing Director 1993-1997
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Uudenkaupungin Seudun Osuuspankki: Managing Director 1991-1993
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Tampereen Seudun Osuuspankki: Head of Listed Securities Department 1988-1991
Mikko Timonen, b. 1975
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CFO, OP Financial Group
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M.Sc. (Econ. & Bus. Adm.)
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Board member since 2022
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Executive member dependent on the Company and its major shareholder (OP Cooperative)
Other relevant positions:
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Relevant previous experience:
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OP Corporate Bank plc: Head of Corporate Business Control, Corporate Banking, 2019-2022
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OP Cooperative: Head of Banking Business Control 2015-2018
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OP Cooperative, Pohjola Bank plc: Business Controller 2012-2015
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Pohjola Bank plc: Business Development Manager 2008-2012
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Nasdaq Helsinki Oy: various managerial and expert duties 2001-2008
Petteri Rinne, b. 1967
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Managing Director, OP Turun Seutu (Turku District Co-operative Bank)
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M.Sc. (Econ. & Bus. Adm.)
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Board member since 2022
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Executive member dependent on the Company and its major shareholder (OP Cooperative)
Other relevant positions:
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Relevant previous experience:
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Turku District Co-operative Bank, Deputy Managing Director 2012-2021
Olli Lehtilä, b. 1962
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Managing Director, Uudenmaan Osuuspankki
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London Business School. Senior Executive Programme
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University of Tampere/Tampere University of Technology, eMBA
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Board member since 2023
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Executive member dependent on the Company and its major shareholder (OP Cooperative)
Relevant previous experience:
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OP Financial Group, Deputy to President and Group Chief Executive Officer 2020-2022
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OP Financial Group, Executive Vice President, Insurance Customers 2014-2022
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Pohjola Insurance Ltd, Chief Executive Officer 2014-2022
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Helsinki OP Bank Plc, Managing Director 2011-2014
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Tampereen Seudun Osuuspankki, Managing Director 2006-2010
Other relevant positions:
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Terveystalo, Nomination Board member 2019-2022
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The Federation of Finnish Financial Services (FFI), Chairman of the Non-Life Insurance Board 2022-2022
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The Federation of Finnish Financial Services (FFI), Member of the Non-Life Insurance Board 2015-2021
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Pellervo Economic Research PTT, Member of the Board 2015-2020
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Ilmarinen, Member of the Board 2014-2019
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Insurance Europe Strategic Board, Member 2015-2019
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Unico Banking Group, Member of the Bancassurance Committee 2015-2019
Mikko Vepsäläinen, b. 1976
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Managing Director, Pohjois-Savon Osuuspankki
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LL.M, eMBA
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Board member since 2024
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Executive member dependent on the Company and its major shareholder (OP Cooperative)
Other relevant positions:
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Relevant previous experience:
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Pohjois-Savon Osuuspankki, Deputy Managing Director 2013-2022
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Pohjois-Savon Osuuspankki, Administrative Director 2012-2013
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Pielisen Osuuspankki, Managing Director 2009-2012
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Lieksan Osuuspankki, Managing Director 2008-2009
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Nurmeksen Osuuspankki, Managing Director 2004-2009
Hannakaisa Länsisalmi, b. 1970
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Chief Human Resources Officer
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Board member since 2024
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Ph.D Psych
Relevant previous experience:
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OP Financial Group: SVP, Human Resources, Non-life Insurance 2016–2018
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MTV: Vice President, HR and Communications 2015–2016
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KAIKI Consulting: Managing Director, Partner 2012–2015
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Nokia Corporation: Director, HRD 2007–2012
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Finnish Institute of Occupational Health: Department of Psychology, Team Leader and Specialist Research Scientist
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Rautaruukki: Business Development Manager and HRD Manager 2001–2004
Other relevant positions:
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Yle: Member of the Board of Directors
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Ilmarinen Mutual Pension Insurance Company: Member of the Board of Directors
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Finland Chamber of Commerce: Member of the Medal of Merit Board