Executive Management Team
Timo Ritakallio, b. 1962
President and Group Chief Executive Officer, CEO of OP Cooperative
Chair Member of the Executive Management Team 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, 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:
Finland Chamber of Commerce: Chair of the Board of Directors
Kesko Corporation: Member of the Board of Directors
Finance Finland: Vice Chair of the Board of Directors
Vesa Aho, b. 1974
Executive Vice President, Insurance Customers
Member of the Executive Management Team since 2018
M.Sc. (Econ. & Bus. Adm.)
Relevant previous experience:
OP Financial Group: Chief Financial Officer 2018–2022
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
Kasimir Hirn, b. 1976
Chief Information Officer
Member of the Executive Management Team since 2022
M.Sc. (Econ. & Bus. Adm.)
Relevant previous experience:
OP Cooperative: Senior Vice President, Infrastructure & Architecture 2021–2022
OP-Services Ltd: Senior Vice President, OP Software Banking 2019–2021, Head of Development & Technologies, Banking 2017–2019, Director, Banking Products and Services 2014–2017
OP Cooperative: Head of Cards and Emerging Payments 2011–2014
Other relevant positions:
XMLdation Oy: Member of the Board of Directors
Katja Keitaanniemi, b. 1973
Executive Vice President, Banking, Corporate and Institutional Customers
Member of the Executive Management Team 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: -
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
Harri Nummela, b. 1968
Executive Vice President, Banking, Private and SME customers; and Deputy to President and Group Chief Executive Officer
Member of the Executive Management Team 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
Markku Pehkonen, b. 1962
Chief Risk Officer
Member of the Executive Management Team since 2022
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: -
Mikko Timonen, b. 1975
Chief Financial Officer
Member of the Executive Management Team since 2022
M.Sc. (Econ. & Bus. Adm.)
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
Other relevant positions: -
Tiia Tuovinen, b. 1964
Chief Legal Officer and Group General Counsel
Member of the Executive Management Team 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
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