Timo Ritakallio appointed Deputy CEO, Investments

The Board of Directors of Ilmarinen has today appointed TimoRitakallio LL.M., MBA (45 years old) the company’s new Deputy CEO in charge of Investments as of 1 August 2008.

Ritakallio is currently Deputy CEO of Pohjola Bank (formerly OKO Bank plc) and Vice Chairman of the Executive Committee of Pohjola Group with responsibility for the Group’s banking and investment Services. He joined OKO Bank in 1997 and has been in charge of Corporate Banking, Capital Markets, fundraising and the bank’s own investments. From 1993 to 1997, he was Managing Director of Opstock Ltd., subsequently the Opstock Group.

According to Harri Sailas, President and CEO of Ilmarinen, they decided on Ritakallio because of his extensive and broad-based experience in the financial sector and in managing an expert organization.

“Timo Ritakallio has considerable and diverse experience in Finnish and international investments and in operating on capital markets. He also has strong credentials in successfully leading an expert organization. At this moment he heads an organization with 750 employees,” says Sailas.

Jaakko Tuomikoski, Deputy CEO, Finance and Controlling of Risks of Ilmarinen, will continue to be  also deputy of Harri Sailas.

Further information:

Harri Sailas, tel 010 284 3000

Timo Ritakallio, tel 010 252 4322, 0500 536 346.