PRESS RELEASE ON 1 JUNE 2009
Tapiola Group Supervisory Boards have decided that Asmo Kalpala (born 1950) will continue as Tapiola Group President until 31 December 2012. The three-year term will commence on 1 January 2010. The Supervisory Boards also elected Tapiola Group Board for the three-year term starting on 1 January 2010.
The Chairman of the Board is Asmo Kalpala and other Board Members are Director Arto Jurttila (born 1961), Director Jari Saine (born 1951) and Director Antti Calonius (born 1950) who will retire on 1 August 2010. Antti Calonius's successor and a new Board Member as of 1 June 2010 will be Jari Sundström (born 1960) currently working in the financial group Nordea.
According to Director Antti Lemmetyinen, Chairman of the Co-operation Committee of Tapiola Group Supervisory Boards, Kalpala was re-elected due to his vast experience and management skills in challenging financial circumstances.
– In the beginning of 2010 a new, three-year strategy period will be launched in Tapiola Group. In addition, there is an ongoing change of generation in the Group management. New forces are required, but also continuity in the management and strategy execution. Furthermore, the recession that started from the financial crisis places special demands on all financial groups such as Tapiola. Since Asmo Kalpala continues as Tapiola Group President, he will also be able to continue his long-lasting and significant contribution to the international development of the interest of mutual companies.
Jari Sundström as new Board Member
The successor of Antti Calonius, Director of business field companies, corporations and major clients, will be Jari Sundström (Master of Laws trained on the bench). Sundström comes to Tapiola from Nordea where he served as Director of Corporate Clients. Sundström has vast financial experience in Nordea since 1988 and prior to that in Pohjola, Ilmarinen, Suomi-Salama and Trygg-Hansa. Sundström will start as Tapiola Group Board Substitute on 1 January 2010 and will be an ordinary member as of 1 June 2010.
The responsibilities of the other Board Members will remain the same. Director Arto Jurttila is responsible for the business field households and private customers and Director Jari Saine for the business field bank, savings and investments. In addition, Saine serves as Asmo Kalpala's substitute.
Additional Information:
Tapiola Group
President Asmo Kalpala
Tel. +358 9 453 2100