Executive Board

Reijo Karhinen, OP Financial Group’s President and Executive Chairman since 2007, retired at the end of January 2018, based on his executive contract. On 20 September 2017, the Supervisory Board of OP Financial Group's central cooperative appointed Timo Ritakallio, 55, OP Financial Group's new President and Group Executive Chairman. He will take up his new duties on 1 March 2018. Tony Vepsäläinen, Deputy to President and Group Executive Chairman and Chair of the Executive Board, will act as President and Group Executive Chairman between the time when Karhinen retires and the time when Timo Ritakallio takes up his duties as the new President and Group Executive Chairman.

 

 
 
  • Tony Vepsäläinen
  • Karri Alameri
  • Carina Geber-Teir
  • Jari Himanen
  • Olli Lehtilä
  • Harri Luhtala
  • Harri Nummela
  • Erik Palmén
  • Jouko Pölönen
  • Outi Taivainen
  • Leena Kallasvuo
 

Tony Vepsäläinen, b. 1959

Executive Vice President, Operations, deputy to President and Group Executive Chairman

Chair
Member of the Executive Board since 2006
LL.M, eMBA

Relevant previous experience:

OP-Pohjola Group Central Cooperative: Chief Business Development Officer 2011–2014
OP-Pohjola Group Central Cooperative: Managing Director 2007–2010
Tampereen Seudun Osuuspankki: Managing Director 1998–2006
Turun Seudun Osuuspankki: Deputy Managing Director 1996–1998
Kuopion Osuuspankki: Bank Manager 1993–1996
Suomen Säästöpankki SSP Oy, Deputy to Area Manager 1992–1993
Pohjois-Savon Säästöpankki: managerial duties 1985–1992

Other relevant positions:

Service Sector Employers Palta: member of the Board and its Executive Committee
Automatia Pankkiautomaatit Oy: Chair of the Board of Directors
Housing Fair Finland Co-op: Member of the Supervisory Board

 

Karri Alameri, b. 1963

Executive Vice President, Wealth Management

Member of the Executive Board since 2015
M.Sc. (Econ. & Bus. Adm.), CEFA

Relevant previous experience:

OP Cooperative: Executive Vice President, Wealth Management, Investment
Pohjola Asset Management Ltd: President 2012-2014
OP-Pohjola Group Central Cooperative: Executive Vice President, Wealth Management 2013–2014
OP Life Assurance Company Ltd: Deputy CEO, Chief Investment Officer 2009–2012
Danske Capital, Sampo Bank plc: Deputy CEO 2007–2008
Mandatum Asset Management Ltd: Deputy CEO 2004–2006
Carnegie Asset Management Finland Ltd: Chief Investment Officer 1997–2003

Other relevant positions:

Access Capital Partners Group SA: Board member
Cinia Group Ltd: Member of the Board of Directors

 

Carina Geber-Teir, b. 1972

Executive Vice President, Customer Experience and Communications

Member of the Executive Board since 2009
M.Soc.Sc.

Relevant previous experience:

Varma Mutual Pension Insurance Company: Communications Director 2002–2009

Other relevant positions:

Yle, Finnish Broadcasting Company: Member of the Board of Directors
Unico Banking Group: Member of the Communication Committee

 

Jari Himanen, b. 1962

Executive Vice President, Group Steering and Customer Relationships

Member of the Executive Board since 2014
Diploma in Business and Administration, eMBA

Relevant previous experience:

Etelä-Karjalan Osuuspankki: Managing Director 2009–2014
OP-Pohjola Group Central Cooperative: Bank Manager, Sales channels and sales support 2007–2009
OP-Pohjola Group Central Cooperative: Bank Manager, Member bank steering 2002–2006
Kuusamon Osuuspankki: Managing Director 1997–2001
Pohjolan Osuuspankki: Bank Manager 1994–1997
Iisalmen Osuuspankki: Bank Manager 1989–1994
Etelä-Savon Osuuspankki: Bank Manager 1986–1989
Koillis-Savon Osuuspankki: Credit Manager 1985–1986

Other relevant positions:

 

Olli Lehtilä, b. 1962

Executive Vice President, Non-life Insurance

Member of the Executive Board since 2014
M.Sc. (Agr. & For.), eMBA

Relevant previous experience:

Helsinki OP Bank Plc: Managing Director 2011–2014
Tampereen Seudun Osuuspankki: Managing Director 2006–2010, deputy Managing Director 1999–2006
Päijät-Hämeen Osuuspankki: Bank Manager, Corporate Banking 1997–1998
Postipankki Oy: various managerial and expert duties 1993–1997
Suomen Säästöpankki - SSP Oy: various managerial duties 1992–1993
Sp-Palvelu Oy: Management Trainee 1990–1992

Other relevant positions:

Helsinki Region Chamber of Commerce: Member of the Delegation
Ilmarinen Mutual Pension Insurance Company: Member of the Board of Directors
Pellervo Economic Research PTT: Member of the Board of Directors
Unico Banking Group: Member of the Bancassurance Committee

 

Harri Luhtala, b. 1965

Chief Financial Officer

Member of the Executive Board since 2007
M.Sc. (Econ. & Bus. Adm.)

Relevant previous experience:

OP-Pohjola Group: various expert and managerial duties 1989–2007

Other relevant positions:

VTS Fund: Chair of the Board of Directors
Financial Stability Fund: Member of the Board of Directors
Confederation of Finnish Industries (EK): Member of Finance and Tax Commission

 

Harri Nummela, b. 1968

Executive Vice President, Digital Business and New Businesses

Member of the Executive Board since 2014, and previously between 2007 and 2010
LL.M, eMBA

Relevant previous experience:

OP Cooperative: Executive Vice President, Wealth Management 2014–2015
OP-Services Ltd: Chief Executive Officer 2011–2014
OP-Pohjola Group Central Cooperative: Member of the Executive Board; Executive Vice President, Banking and Investment Business 2007–2010; Department Manager 1998–2006
OP Fund Management Company Ltd: Managing Director 1997–2006
Tampereen Seudun Osuuspankki: Department Manager 1992–1997

Other relevant positions:

Service Sector Employers Palta: Member of the Economic Policy Committee
Finnish Ice Hockey Association: Chair

 

Erik Palmén, b. 1959

Chief Risk Officer

Member of the Executive Board since 2010
M.Sc. (Econ. & Bus. Adm.), M.Sc. (Eng.)

Relevant previous experience:

Nordea Bank Finland Plc: various expert and managerial duties 1987–2009

Other relevant positions:

VTS Fund: Vice Chair of the Delegation
Investors' Compensation Fund: Chair
Unico Banking Group: Member of the Country Risks Managers Committee

 

Jouko Pölönen, b. 1970

Executive Vice President, Banking

Member of the Executive Board since 2014
M.Sc. (Econ. & Bus. Adm.), eMBA

Relevant previous experience:

Helsinki Area Cooperative Bank (formerly Helsinki OP Bank plc): Managing Director since 2014
OP Corporate Bank plc (formerly Pohjola Bank plc): President and CEO since 2013
Pohjola Insurance Ltd: President 2010–2014
CFO 2009–2010 and CRO 2001–2008
PricewaterhouseCoopers: Authorised Public Accountant 1999–2001 and auditor 1993–1999

Other relevant positions:

 

Outi Taivainen, b. 1968

Executive Vice President, Human Resources

Member of the Executive Board since 2015
M.Sc. (Econ. & Bus. Adm.)

Relevant previous experience:

Kone Corporation: Head of HR, Central and North Europe 2012-2015
HR House Oy: Managing Director 2009-2011
Nokia Corporation: Various executive and expert duties 1993–2008

Other relevant positions:

Confederation of Finnish Industries EK: Member of the Skilled Workforce Committee
Service Sector Employers Palta: Member of the Labour Market Committee
Unico Banking Group: Member of the HR Committee

 

Leena Kallasvuo, b. 1956

Chief Audit Executive

Attending Executive Board meetings since 2010
M.Sc. (Econ. & Bus. Adm.)

Relevant previous experience:

Financial Supervisory Authority (Financial Supervision Authority), various expert and managerial duties 2005–2010
Trema Finland Oy: Project Manager 2000–2005
Aktia Savings Bank: Head of Department 1997–2000
Säästöpankkien Keskus-Osake-Pankki: various expert and managerial duties 1983–1996

Other relevant positions: