Oma Savings Bank's Board of Directors Restructuring Proposal
OMA SAVINGS BANK PLC has announced a significant proposal from its Shareholders' Nomination Committee regarding the Board of Directors. This proposal recommends electing five new members and convening an Extraordinary General Meeting to address this change, marking an exciting phase in the bank's governance.
Key Changes to the Board Composition
The Shareholders' Nomination Committee, representing the bank's five largest shareholders, is suggesting that the Board's total membership be set at eight. They endorse the re-election of existing board members Aki Jaskari, Jaakko Ossa, and Jaana Sandström. Additionally, they nominate Juhana Brotherus, Irma Gillberg-Hjelt, Carl Pettersson, Kati Riikonen, and Juha Volotinen as new members. Their election is contingent upon approval from the Finnish Financial Supervisory Authority.
New Board Member Profiles
Juhana Brotherus, the Chief Economist of the Federation of Finnish Enterprises, brings a wealth of experience from previous roles at Danske Bank and various board positions. His economic expertise will be invaluable to the board.
Irma Gillberg-Hjelt, a seasoned executive with a background in corporate banking, has held significant positions at Aktia Bank and currently serves on the board of Saldo Bank UAB. Her legal knowledge complements her corporate experience.
Aki Jaskari, who has been part of the board since 2014, has a long history of leadership at Nerkoon Höyläämö Oy and contributes significant industry insight.
Jaakko Ossa, an academic with deep knowledge in financial law and extensive board experience, currently chairs the board. His expertise in corporate taxation will guide strategic decisions.
Carl Pettersson serves as the Managing Director of Elo Pension Company and has significant leadership experience in the pension and banking sectors.
Strategic Focus and Remuneration Adjustment
Kati Riikonen brings expertise in digital marketing from her roles across various notable companies, including Google Finland. Her digital insight will be crucial in steering the bank towards modernized customer engagement.
Juha Volotinen, now in charge at Municipality Finance Plc, has held several senior roles in banking technology, making him a solid asset for digital transformation.
The Nomination Committee also proposes that the current remuneration structure for board members should remain unchanged, even suggesting the removal of the obligation to purchase shares with their annual fees until further notice. This reflects the current economic landscape and the need for flexibility in operational costs.
Commitment to Enhancing Customer Service
OmaSp is committed to providing exceptional banking services to its customer base of 200,000, with 47 branches and comprehensive digital channels. The restructuring is part of a broader strategy to enhance customer experience and ensure the bank’s strong performance continues.
The Vision for OmaSp's Future
With a focus on retail banking and an array of services that include credit offerings, investment products, and mortgage solutions, OmaSp is pursuing a strategy that prioritizes personal service and local connection. The management seeks to foster an environment of growth for its employees and invest in personal development through various career opportunities.
This renewed focus on governance and service delivery underpins OmaSp's aspiration to be a leading financial institution known for deep customer relationships and innovative banking solutions.
Frequently Asked Questions
What is the recent proposal made by the Shareholders' Nomination Committee?
The committee has proposed the election of five new members to the Board of Directors and the convening of an Extraordinary General Meeting.
Who are the new nominees for the Board of Directors?
The nominees include Juhana Brotherus, Irma Gillberg-Hjelt, Carl Pettersson, Kati Riikonen, and Juha Volotinen.
What is the current number of members on the Board of Directors?
The current proposal aims to maintain the Board size at eight members.
How will the remuneration of the Board members change?
The proposed remuneration will remain unchanged, with adjustments made to share acquisition obligations for board members until further notice.
What is the main focus of Oma Savings Bank in the future?
Oma Savings Bank aims to enhance customer experience and provide personal service, focusing on retail banking operations and digital solutions.
