OP-Pohjola Group Central Cooperative
Stock exchange release
20 March 2014, 2.00 pm
Decisions by the Annual Cooperative Meeting of OP-Pohjola Group Central Cooperative
The Annual Cooperative Meeting of OP-Pohjola Group Central Cooperative, Pohjola Bank plc's parent company, held in Helsinki on 20 March 2014, adopted the financial statements for 2013, discharged those accountable from liability and elected the persons shown below.
Supervisory Board
As proposed by OP-Pohjola Group's Nomination Committee, the Meeting elected the following persons to the Supervisory Board for a three-year term ending in 2017:
The Meeting re-elected the following Supervisory Board members, who were due to resign: Managing Director Vesa Lehikoinen (Etelä-Suomen OP-liitto), Professor Jaakko Pehkonen (Keski-Suomen OP-liitto), Managing Director Ari Kakkori (Pirkanmaan OP-liitto), Principal Seppo Laaninen (Pohjois-Karjalan OP-liitto) and, outside of the federations of cooperative banks, Timo Parmasuo, teollisuusneuvos (Finnish honorary title).
Development Secretary Raita Joutsensaari was elected to the Supervisory Board for the remaining term of 2014-15 to replace Professor Paavo Pelkonen (Pohjois-Karjalan OP-liitto) who resigns due to the upper age limit set for Supervisory Board members.
Managing Director Ari Väänänen (Pohjois-Savon OP-liitto) was elected for the remaining term of 2014-15 to replace Managing Director Seppo Pääkkö who had requested resignation from the Supervisory Board.
As proposed by the Nomination Committee, the Meeting confirmed the number of Supervisory Board members at 33.
At its first meeting after the Annual Cooperative Meeting, the Supervisory Board elected Professor Jaakko Pehkonen to act as Chairman and Senior Lecturer Mervi Väisänen and Managing Director Vesa Lehikoinen to act as Vice Chairmen.
Auditor
The Meeting re-elected KPMG Oy Ab, a firm of authorised public accountants based in Helsinki, to act as OP-Pohjola Group Central Cooperative's auditor for the financial year 2014, in accordance with prior written consent.
OP-Pohjola Group Central Cooperative
Carina Geber-Teir
Chief Communications Officer
DISTRIBUTION
NASDAQ OMX Helsinki
LSE London Stock Exchange
SIX Swiss Exchange
Major media
op.fi, pohjola.com
FOR MORE INFORMATION, PLEASE CONTACT:
Carina Geber-Teir, Chief Communications Officer, tel. +358 (0)10 252 8394
OP-Pohjola Group is Finland's leading financial services group providing a unique range of banking, investment and insurance services. The Group's mission is to promote the prosperity, well-being and security of its owner-members, customers and operating regions through its local presence. Its objective is to offer the best and most versatile package of loyal customer benefits on the market. OP-Pohjola Group consists of some 180 member cooperative banks and the Group's central institution, OP-Pohjola Group Central Cooperative, with its subsidiaries and closely-related companies, the largest of which is the listed company Pohjola Bank plc. The Group has a staff of 12,000. OP-Pohjola Group posted earnings before tax of EUR 705 million in 2013 and had total assets of EUR 101 billion on 31 December 2013. The Group has 4.3 million customers.