Changes in Luminor's Management Board
On 10 October, The Supervisory Council of Luminor elected Georg Kaltenbrunner as a member of the bank's Management Board, effective as of November 1. The Supervisory Council also accepted the resignation of Hannu Saksala.
Georg Kaltenbrunner will be replacing Hannu Saksala as the bank's Chief Risk Officer. Georg Kaltenbrunner works currently as the Chief Operating Officer of the Group Finance and Treasury in Nordea, where he is responsible for strategy and planning, transformation, key strategic projects and operational management. He is also a Member of the Board of Directors of Nordea Funds Ltd, the largest fund management company of the Nordics with EUR 100 billion assets under management.
The Supervisory Council of Luminor also elected Marilin Pikaro and Indrek Heinloo as members of the bank's Management Board. Marilin Pikaro is the current Chief Compliance Officer of Luminor and Indrek Heinloo the current Head of Programme Office, responsible for developing the New Bank Programme. Both were elected as members of the Board because of the importance of their respective fields in the bank's strategic development, which should also be reflected in the governance of Luminor.
This announcement has been issued through the Companies Announcement Service of Euronext Dublin.