Duties of the CEO and the Management Team

OmaSp's Management Team consists of the CEO and other members appointed by the Board of Directors.  The Company's CEO since 2009 has been Mr. Pasi Sydänlammi. The CEO manages and develops the bank's business and is in charge of the day to day administration of the bank in accordance with the instructions of the Board of Directors. The CEO presents matters and reports to the Board of Directors. The CEO carries out the day to day administration in accordance with the instructions of the Board of Directors and is responsible for the appropriate arrangement of the control of OmaSp's accounts and finances. The management team assists the CEO and each member has his own areas of responsibility.

The CEO's contract is valid for a non-fixed term and is subject to a reciprocal three months' notice. Upon the company’s termination or cancellation of the agreement, the CEO is, in addition to the payment of any notice period, entitled to a termination payment equivalent to 24 months’ salary. The compensation is also due for payment in the event of termination of the duties of the CEO due to a bank fusion, demerger, acquisition or other such cause.