OP-Pohjola reforms its management model: deeper customer understanding for decision-making

OP-Pohjola reforms its management model: deeper customer understanding for decision-making

ID: 342026

(Thomson Reuters ONE) -


OP-Pohjola Group
Press Release
23 September 2014, at 1.30 pm

OP-Pohjola reforms its management model: deeper customer understanding for
decision-making

OP-Pohjola continues to reform the management and organisational structures of
OP-Pohjola Group Central Cooperative Consolidated. The changes are part of the
rebuilding of the new OP-Pohjola, fully owned by the customers.

The procedures for information and consultation of employees that were started
on 12 August 2014 in the Central Cooperative Consolidated relating to this
rebuilding have been brought to a conclusion. The procedures included a total of
113 management positions, excluding operations abroad. As a result, 91 directors
will continue in similar or new positions in the Central Cooperative
Consolidated, and 19 directors will be leaving either through layoffs or other
arrangements.

The new management system of OP-Pohjola Group Central Cooperative Consolidated
will be founded on three business segments: Banking, Non-life Insurance and
Wealth Management. The objective is to streamline the Group's operations, ensure
sufficient customer understanding and to involve customers more and more in the
Group's operations and product and service development.

The new organisation will take effect on 1 October 2014.

OP-Pohjola Group issued a press release on 24 April 2014 on new Board members
appointed by the Supervisory Board.


For more information, please contact:
Teija Sarajärvi, Chief Human Resources Officer, OP-Pohjola Group
For any requests for interviews, please call OP-Pohjola Communications, tel.
+358 (0)50 523 9904


OP-Pohjola Group is Finland's leading financial services group providing a
unique range of banking, investment and insurance services. The Group's mission
is to promote the prosperity, well-being and security of its owner-members,




customers and operating regions through its local presence. Its objective is to
offer the best and most versatile package of loyal customer benefits on the
market. OP-Pohjola Group consists of some 180 member cooperative banks and the
Group's central institution, OP-Pohjola Group Central Cooperative, with its
subsidiaries and closely-related companies, the largest of which is Pohjola Bank
plc. The Group has a staff of 12,000. OP-Pohjola Group pre-tax earnings for
2013 were EUR 705 million and total assets of EUR 101 billion on 31 December
2013. The group has 4.3 million customers.
www.op.fi




This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Pohjola Pankki Oyj via GlobeNewswire
[HUG#1857689]




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Bereitgestellt von Benutzer: hugin
Datum: 23.09.2014 - 12:30 Uhr
Sprache: Deutsch
News-ID 342026
Anzahl Zeichen: 3282

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