Executive Management Team
Timo Ritakallio, b. 1962
President and Group Chief Executive Officer, CEO of OP Cooperative
Chair
Member of the Executive Board since 2018
D.Sc. (Tech.), LL.M., MBA
Relevant previous experience:
Ilmarinen Mutual Pension Insurance Company, President and CEO 2015–2018
Ilmarinen Mutual Pension Insurance Company, Deputy Chief Executive Officer and Chief Investment Officer 2008–2014
Pohjola Bank plc, Deputy Chief Executive Officer 2006–2008
OKO Bank plc, Deputy Chief Executive Officer 2001–2005
OKO Bank plc, Executive Vice President and Member of the Executive Board 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
Other relevant positions:
Finance Finland: Chair of the Board of Directors
Securities Market Association: Chair of the Board of Directors
Paulo Foundation: Chair of the Board of Directors
Finland Chamber of Commerce: Member of the Board of Directors
Confederation of Finnish Industries: Member of the Board of Directors and Executive Committee
Kesko Corporation: Member of the Board of Directors
Vesa Aho, b. 1974
Chief Financial Officer
Member of the Executive Board since 2018
M.Sc. (Econ. & Bus. Adm.)
Relevant previous experience:
Garantia Insurance Company Ltd: CEO 2015–2018
OP Cooperative: Group Controller 2014–2015
Pohjola Bank plc: CFO, member of the Group's Executive Committee 2011–2014
Pohjola Bank plc: Head of Department, Credit Risk Management 2006–2011
Pohjola Bank plc: Credit Risk Manager 2004–2006, credit risk expert 2001–2004
Other relevant positions:
Cinia Oy: Member of the Board of Directors
Katja Keitaanniemi, b. 1973
Executive Vice President, Banking, Corporate and Institutional Customers
Member of the Executive Board since 2018
Lic.Sc. (Tech.)
Relevant previous experience:
Finnvera plc: Executive Vice President, SMEs, Member of the Executive Committee 2014–2018
Swedbank: Head of Investment Banking Finland, Member of Management Group of Global Investment Banking 2011–2013; Head of Research, Deputy Head of Global Research, Member of Management Group 2010–2011
eQ Bank/Conventum: Director of Research, Member of the Executive Committee 2002–2009
Nordea Securities: Senior Analyst, Forest & Paper Products 2001–2002
Other relevant positions:
European Payments Initiative (EPI): Member of the Board of Directors
Olli Lehtilä, b. 1962
Executive Vice President, Insurance Customers, and Deputy to President and Group Chief Executive Officer
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:
Finance Finland: Member of the Non-life Insurance Executive Committee
Helsinki Region Chamber of Commerce: Member of the Delegation
Pellervo Economic Research PTT: Member of the Board of Directors
Terveystalo Group: Member of the Shareholders' Nomination Board
Hannakaisa Länsisalmi, b. 1970
Chief Human Resources Officer
Member of the Executive Management team since 2020
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:
Ilmarinen Mutual Pension Insurance Company: Member of the Supervisory Board
Finland Chamber of Commerce: Member of the Medal of Merit Board
Juho Malmberg, b. 1962
Chief Information Officer (Development and Technologies)
Member of the Executive Board since 2018
M.Sc. (Eng.)
Relevant previous experience:
OP Financial Group: Head of Development and Technologies 2016–2018; Head of Technology Services 2015–2016
ZenRobotics Ltd: CEO 2012–2014
Kone plc: EVP, Customer Experience, and Member of the Executive Board 2010–2012; EVP, Development, and Member of the Executive Board 2006–2010
Accenture: Director, Nordic Outsourcing 2004–2006
Accenture Finland: Managing Director 2002–2006; Deputy Managing Director 1999–2002; Technology Director 1993–1999
Other relevant positions:
Kemppi Oy: Member of the Board
Harri Nummela, b. 1968
Executive Vice President, Banking, Private and SME customers
Member of the Executive Board since 2014, and previously in 2007–2010
LL.M, eMBA
Relevant previous experience:
OP Cooperative: Executive Vice President, Digital Business and New Businesses 2015–2018
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:
Finnish Ice Hockey Association: Chair
Confederation of Finnish Industries: Chair of the Business Transformation Committee
Finance Finland: Vice Chair of the Banking Executive Committee
Tiia Tuovinen, b. 1964
Chief Legal Officer and Group General Counsel
Member of the Executive Board since 2018
Master of Laws, L.L.M. Eur
Relevant previous experience:
OP Financial Group: General Counsel 2017–2018
Telia Company Ab: General Counsel, Global Services & Operations 2016–2017
TeliaSonera Ab, Team Leader of Competition Law and Compliance (Europe and Eurasia) 2014–2015
TeliaSonera Ab: General Counsel for Broadband Business Area (Nordic and Baltic countries) 2008–2014
TeliaSonera Ab: General Counsel, Integrated Enterprise Services Business Area (Corporate Customer Products and Services) 2007–2008
TeliaSonera Finland plc: General Counsel, Real Estates and Property Planning, Corporate Security 2003–2007
Sonera Corporation: Deputy General Counsel, Products and Services, Legal Affairs and Assistant General Counsel, Competition Management and Mobile Operations, Legal Affairs 1999–2003
Other relevant positions:
Confederation of Finnish Industries: Vice Chair of the Committee of Legal Affairs
Other executive management
Tuuli Kousa, b. 1979
Chief Communications and Corporate Responsibility Officer
LL.B., LL.M.
Relevant previous experience:
OP Financial Group: SVP, Public Affairs, Media Relations, CSR 2015–2018
Miltton Oy: Deputy Managing Director and Director 2011–2014
Prime Minister's Office: Special Adviser to the minister 2013–2014
Gummerus Kustannus Oy: Communications Manager and Member of Publishing Management Team 2009–2011
Neste Oil Corporation: Communications Manager, Renewable Fuels 2008–2009
SanomaWSOY: several roles in communications, business and HR development 2005–2008
Other relevant positions:
Tanssin talo ry: Chair of the Board of Directors
Housing Fair Finland Co-op: member of the Supervisory Board
University of Helsinki Research Foundation: member of the Board
Finnish National Opera Foundation: member of the Board
Sakari Lehtinen, b. 1969
Chief Audit Executive
M.Sc. (Econ. & Bus. Adm.)
Relevant previous experience:
OP Cooperative: Head of Department, Internal Audit 2013–2019
OP Cooperative: expert positions, Internal Audit 2004–2012
Postipankki Group/Sampo Group: various managerial and expert positions 1995–2003
Osuuspankkien Keskuspankki Oy: expert positions 1992–1995
Other relevant positions:
The Institute of Internal Auditors Finland: Chair of the Board of Directors
Markku Pehkonen, b. 1962
Chief Risk Officer
M.Sc. (Econ. & Bus. Adm.)
Relevant previous experience:
Sampo plc: Chief Risk Officer 2009–2018
Danske Bank Markets, Head of Corporate Sales 2007–2009
Sampo plc: Head of ALM 2001–2007
Leonia plc: Director, Risk Management 1997–2001
Postipankki New York, Risk Manager 1996–1997
Postipankki Oyj: various expert and managerial duties 1993–1997
Other relevant positions:
Petsofi Ltd: member of the Board of Directors