OP Cooperative's Supervisory Council

The management of the central cooperative consolidated is based on the control and supervision by the Supervisory Council.

Without prejudice to the supervisory obligation of the Board of Directors, the general duties of the Supervisory Council under the Co-operatives Act include supervising the governance of the central cooperative which is managed by and the responsibility of the Board of Directors and the CEO acting as the President and Group Chief Executive Officer.

The Supervisory Council appoints Board members of the central cooperative and OP Financial Group’s CEO acting as the President and Group Chief Executive Officer and their deputy. In appointing the Board members and the President and Group Chief Executive Officer, the Supervisory Council receives assistance from the Supervisory Council Nomination Committee, which consists of the Chair and Vice Chair of the OP Financial Group Nomination Committee, the Chair and first Vice Chair of the Supervisory Council and the Chair and Vice Chair of the Board of Directors.

The Charter of the Supervisory Council defines other Council duties in more detail.

The Supervisory Council comprises 36 members appointed by the Cooperative Meeting. The Supervisory Council has a Chair and two Vice Chairs, who together with the Chair and Vice Chair of the Board of Directors and the President and Group Chief Executive Officer form the OP Cooperative's Committee of Chairs. The Committee of Chairs is a preparatory body, whose task is to coordinate the work of the Supervisory Council and the Board of Directors and to prepare Supervisory Council meetings.

The Supervisory Council may also set other preparatory bodies to prepare matters discussed at a Supervisory Council meeting. The Supervisory Council has set up a Strategy Unit and a Responsibility and Remuneration Unit.

Supervisory Council members

Members of OP Cooperative's Supervisory Council by the federation of cooperative banks

Name, year of birth and place of residence	Federation of Cooperative Banks	Position on OP Cooperative’s Supervisory Council	Full-time position, job title, education/degree(s)	Position of the person with a governing body background at an OP cooperative bank
Nikola Annukka, 1960, Kirkkonummi	Etelä-Suomi	Chair	CFO, NetNordic Finland, M.Sc. (Econ. & Bus. Adm.), M.Sc. (Econ.)	Chair of the Supervisory Council, Uudenmaan Osuuspankki
Jurmu Taija, 1976, Rovaniemi	Pohjois-Suomi	First Vice Chair	Attorney at Law, Asianajotoimisto Jurmu, LL.M., Bar Examination, Certified Board Member & Chair	Chair of the Board of Directors, Pohjolan Osuuspankki
Väänänen Ari, 1973, Maaninka	Itä-Suomi	Second Vice Chair	Managing Director, Maaningan Osuuspankki, LL.M, Trained on the bench
Hakasuo Päivi, 1971, Huittinen	Länsi-Suomi–Sydkusten	Member	Head of Sourcing, Nornickel Harjavalta Oy, M.Sc.	Chair of the Board of Directors, Ala-Satakunnan Osuuspankki
Harju Eeva, 1967, Pudasjärvi	Pohjois-Suomi	Member	M.Sc.	Chair of the Board of Directors, Pudasjärven Osuuspankki
Helin Mika, 1965, Hämeenlinna	Etelä-Suomi	Member	Managing Director, OP Etelä-Häme, M.Sc. (Econ. & Bus. Adm.)
Hinkkanen Mervi, 1954, Kontiolahti	Itä-Suomi	Member	Bachelor of Hospitality Management, MBA	Chair of the Board of Directors, Pohjois-Karjalan Osuuspankki
Hyvönen Raili, 1964, Kontiolahti	Itä-Suomi	Member	Managing Director, OP Vaara-Karjala, M.Sc. (Econ. & Bus. Adm.), eMBA
Julkunen Saara, 1967, Kuopio	Itä-Suomi	Member	Professor, Head of Business School at University of Eastern Finland, D.Sc. (Econ. & Bus. Adm.), M.Soc.Sc	Member of the Board of Directors, Pohjois-Savon Osuuspankki
Kainusalmi Mika, 1979, Savitaipale	Etelä-Suomi	Member	Development Manager, Lappeenranta University of Technology, M.Sc. (Econ. & Bus. Adm.), M.Sc. (Tech.)	Chair of the Board of Directors, Simpeleen Osuuspankki
Kiuru Matti, 1963, Pori	Länsi-Suomi–Sydkusten	Member	Managing Director, OP Länsi-Suomi, M.Sc. (Econ. & Bus. Adm.), eMBA
Kujala Päivi, 1965, Alavus	Pohjanmaa–Österbotten	Member	Senior Rural Economist, Pellervo Economic Research PTT, D.Sc. (Admin.), M.Sc. (Agr. & For.), Agronomist	Chair of the Supervisory Council, Alavuden Seudun Osuuspankki
Kuosa-Kaartti Katja-Riina, 1973, Orimattila	Etelä-Suomi	Member	Authorised Public Accountant, Tilintarkastus Kuosa-Kaartti Oy, M.Sc. (Econ. & Bus. Adm.)	Chair of the Board of Directors, Orimattilan Osuuspankki
Lehtonen Pekka, 1969, Kangasala	Sisä-Suomi	Member	Managing Director, Kangasalan Lämpö Oy, Automation Engineer, Certified Board Member	Chair of the Board of Directors, Kangasalan Seudun Osuuspankki
Lohi Tuomas, 1979, Kempele	Pohjois-Suomi	Member	Municipal Manager, Municipality of Kempele	Member of the Board of Directors, Tyrnävän Osuuspankki
Loikkanen Toivo, 1960, Savonlinna	Itä-Suomi	Member	Regional Assistant Vicar, Savonlinna parish, Master of Theology	Chair of the Supervisory Council, Suur-Savon Osuuspankki
Manninen Veijo, 1962, Pyhäjärvi	Pohjanmaa–Österbotten	Member	Farmer, Agrologist, Certified Board Member & Chair	Chair of the Board of Directors, Suomenselän Osuuspankki
Markula Kaisa, 1967, Loimaa	Länsi-Suomi–Sydkusten	Member	Managing Director, OP Niinijokivarsi, M.Sc. (Econ. & Bus. Adm.), Agrologist (university of applied sciences)
Mäkelä Anssi, 1961, Urjala	Sisä-Suomi	Member	Senior Manager, Valmet Technologies Oy, M.Sc. (Eng.)	Chair of the Board of Directors, Etelä-Pirkanmaan Osuuspankki
Mäkelä Kari, 1982, Jämsä	Sisä-Suomi	Member	Managing Director, Jämsän Seudun Osuuspankki, MSE in Industrial Engineering and Management
Niskanen Yrjö, 1957, Rantasalmi	Itä-Suomi	Member	Specialist, Forest Centre, D.Sc. (Agr. & For.)	Vice Chair of the Board of Directors, OP Rantasalmi
Nurmela Jarmo, 1967, Alajärvi	Pohjanmaa–Österbotten	Member	Development Manager, Centre for Economic Development, Transport and the Environment for South Ostrobothnia, BBA	Chair of the Board of Directors, Alajärven Osuuspankki
Nylund Ulf, 1965, Vaasa	Pohjanmaa–Österbotten	Member	Managing Director, Vaasan Osuuspankki, M.Sc. (Econ. & Bus. Adm.), eMBA, Certified Board Member
Palosaari Heikki, 1962, Kello	Pohjois-Suomi	Member	Managing Director, OP Kemin Seutu, M.Sc. (Econ. & Bus. Adm.), MBA
Perätalo Teuvo, 1963, Kajaani	Pohjois-Suomi	Member	Managing Director, OP Kainuu, Master of Laws, Certified Board Member
Pättiniemi Johanna, 1974, Humppila	Länsi-Suomi–Sydkusten	Member	Farmer, D.Sc. (Agr. & For.), M.Sc. (Agric.)	Chair of the Board of Directors, Humppila-Metsämaan Osuuspankki, Member of the Representative Assembly, Helsinki Area Cooperative Bank
Rajala Tiina, 1963, Kempele	Pohjois-Suomi	Member	Development Director, Council of Oulu Region, M.Sc. (Admin.), eMBA, Certified Board Member	Chair of the Supervisory Council, Oulun Osuuspankki
Rantala Jyrki, 1969, Kokkola	Pohjanmaa–Österbotten	Member	Managing Director, OP Keski-Pohjanmaa, Master of Laws trained on the bench, BA, eMBA
Sandell Carolina, 1978, Maarianhamina	Länsi-Suomi–Sydkusten	Member	Entrepreneur, Lina Sandell Ab, M.A.	Member of the Board of Directors, Andelsbanken för Åland
Sarhemaa Teemu, 1980, Asikkala	Etelä-Suomi	Member	Managing Director, OP Järvi-Häme, BBA, eMBA, business student
Saukkonen Timo, 1963, Simpele	Etelä-Suomi	Member	M.Sc. (Agr. & For.), agriculture and forestry entrepreneur	Chair of the Board of Directors, Etelä-Karjalan Osuuspankki
Selkee Leena, 1958, Ruovesi	Sisä-Suomi	Member	Managing Director, Ylä-Pirkanmaan Osuuspankki, LL.M, CBM
Sotarauta Markku, 1963, Ylöjärvi	Sisä-Suomi	Member	Professor, University of Tampere, D.Sc. (Admin.)	Chair of the Board of Directors, Tampereen Seudun Osuuspankki
Syrjälä Timo, 1980, Yli-Lesti	Pohjanmaa–Österbotten	Member	Entrepreneur, Forestry Specialist, Forestry Engineer	Member of the Board of Directors, Jokilaaksojen Osuuspankki
Takala Pauliina, 1969, Lievestuore	Sisä-Suomi	Member	Managing Director, Jyväskylän sotainvalidien asuntosäätiö, M.Soc.Sc., vocational qualification in property management	Chair of the Supervisory Council, Keski-Suomen Osuuspankki
Tiiri Janne, 1965, Oripää	Länsi-Suomi-Sydkusten	Member	Farmer, Bachelor of Agriculture and Forestry, agronomist	Chair of the Board of Directors, Osuuspankki Harjuseutu

The term of office of the managing director is no more than 2 years and that of a management body member 4 years at the most, beginning upon closing of the Annual Cooperative Meeting and terminating upon closing of the Annual Cooperative Meeting.

Every year, 12 of the Supervisory Council members will reach the end of their term in such a way that one governing body member and one managing director member representing each of the Federations of Cooperative Banks are due to resign by rotation.

During the transition period specified in the Bylaws, the resigning members by rotation will be decided by drawing lots. After the validity period of the transition, the normal procedure for members resigning by rotation will apply in such a way that the term of managing directors is 2 years and that of governing body members 4 years.

Strategy Unit

Supervisory Council’s Strategy Unit members:

Name and year of birth	Role	Education/degree(s)	Full-time position, job title
Annukka Nikola, 1960	Chair	M.Sc. (Econ. & Bus. Adm.), M.Sc. (Econ.)	CFO, NetNordic Finland
Ari Väänänen, 1973	Vice Chair	LL.M, Trained on the bench	Managing Director, Maaningan Osuuspankki
Päivi Hakasuo, 1971	Member	M.Sc.	Head of Sourcing, Nornickel Harjavalta Oy
Mika Helin, 1965	Member	M.Sc. (Econ. & Bus. Adm.)	Managing Director, OP Etelä-Häme
Raili Hyvönen, 1964	Member	M.Sc. (Econ. & Bus. Adm.)	Managing Director, OP Vaara-Karjala
Saara Julkunen, 1967	Member	D.Sc. (Econ. & Bus. Adm.), M.Soc.Sc	Associate Professor, Head of Business School at University of Eastern Finland
Matti Kiuru, 1963	Member	M.Sc. (Econ. & Bus. Adm.), eMBA	Managing Director, OP Länsi-Suomi
Päivi Kujala, 1965	Member	D.Sc. (Agr. & For.)	Postgraduate in administrative sciences
Katja Kuosa-Kaartti, 1973	Member	M.Sc. (Econ. & Bus. Adm.)	Authorised Public Accountant, Tilintarkastus Kuosa-Kaartti Oy
Pekka Lehtonen, 1969	Member	Automation Engineer, CBM	Managing Director, Kangasalan Lämpö Oy
Tuomas Lohi, 1979	Member	Ph.D., CBM	Municipal Manager, Municipality of Kempele
Toivo Loikkanen, 1960	Member	Master of Theology	Regional Assistant Vicar, Savonlinna parish
Anssi Mäkelä, 1961	Member	M.Sc. (Eng.)	Senior Manager, Valmet Technologies Oy
Yrjö Niskanen, 1957	Member	D.Sc. (Agr. & For.)	Expert, Finnish Forest Centre
Jarmo Nurmela, 1967	Member	BBA	Development Manager, Centre for Economic Development, Transport and the Environment for South Ostrobothnia
Tiina Rajala, 1963	Member	M.Sc. (Admin.), eMBA, CBM	Development Director, Council of Oulu Region
Jyrki Rantala, 1969	Member	Master of Laws trained on the bench, BA, eMBA	Managing Director, OP Keski-Pohjanmaa
Teemu Sarhemaa, 1980	Member	BBA, eMBA, business student	Managing Director, OP Järvi-Häme

The term of office of the members of this unit is from selection until the Supervisory Council meeting to be held after the 2023 Annual Cooperative Meeting.

Responsibility and Remuneration Unit

Supervisory Council’s Responsibility and Remuneration Unit members:

Name and year of birth	Role	Education/degree(s)	Full-time position, job title
Taija Jurmu, 1976	Chair	Master of Laws, Bar Examination, CBM & Chair	Lawyer, Asianajotoimisto Jurmu
Markku Sotarauta, 1963	Vice Chair	D.Sc. (Admin.)	Professor, University of Tampere
Eeva Harju, 1967	Member	M.Sc.
Mervi Hinkkanen, 1954	Member	Bachelor of Hospitality Management, MBA	Pensioner
Mika Kainusalmi, 1979	Member	M.Sc. (Econ. & Bus. Adm.), M.Sc. (Tech.)	Development Manager, Lappeenranta University of Technology
Veijo Manninen, 1962	Member	Agrologist, CBM (Chair)	Farmer
Kaisa Markula, 1967	Member	M.Sc. (Econ. & Bus. Adm.), Agrologist (university of applied sciences)	Managing Director, OP Niinijokivarsi
Kari Mäkelä, 1982	Member	MSE in Industrial Engineering and Management	Managing Director, Jämsän Seudun Osuuspankki
Ulf Nylund, 1965	Member	M.Sc. (Econ. & Bus. Adm.), eMBA, CBM	Managing Director, Vaasan Osuuspankki
Heikki Palosaari, 1962	Member	M.Sc. (Econ. & Bus. Adm.), MBA	Managing Director, OP Kemin Seutu
Teuvo Perätalo, 1963	Member	LL.M, CBM	Managing Director, OP Kainuu
Johanna Pättiniemi, 1974	Member	D.Sc. (Agriculture and Forestry), M.Sc. (Agric.)	Farmer
Carolina Sandell, 1978	Member	M.A.	Entrepreneur, Lina Sandell Ab
Timo Saukkonen, 1963	Member	M.Sc. (Agr. & For.)	Agriculture and Forestry Entrepreneur
Leena Selkee, 1958	Member	LL.M., CBM	Managing Director, Ylä-Pirkanmaan OP
Timo Syrjälä, 1980	Member	Forestry Engineer	Entrepreneur, Forestry Specialist
Pauliina Takala, 1969	Member	M.Soc.Sc., vocational qualification in property management	Managing Director, Jyväskylän sotainvalidien asuntosäätiö
Janne Tiiri, 1965	Member	Bachelor of Agriculture and Forestry, agronomist	Farmer

The term of office of the members of this unit is from selection until the Supervisory Council meeting to be held after the 2023 Annual Cooperative Meeting.