Finnish earnings-related pension provider Ilmarinen has announced that the president and CEO of Ilmarinen Mutual Pension Insurance Company, Jouko Pölönen, will leave the company after seven years in the roles.

He will take up new duties outside the company and the search for a new CEO will start immediately.

Pölönen will continue his roles until the end of his notice period or until a new president and CEO is appointed. His notice period is six months.

Pölönen said: "It has been a privilege to lead Ilmarinen for the past seven years. As a result of the systematic implementation of the strategy, Ilmarinen is today the largest private earnings-related pension company and the market leader in the sector.

“Over the past seven years, we have significantly improved our efficiency and productivity. Our premiums written have increased by 36 per cent, while insurance management costs have decreased by 36 per cent. Our investment assets have grown to EUR 63.1 bn.

“I would like to thank our customers for the trust you have placed in us and the entire Ilmarinen team for their excellent work.”

Adding to this, Ilmarinen's board of directors chairman, Jorma Rauhala, said: “On behalf of the entire board, I would like to thank Jouko for the past seven years and wish him success in his new position.

“The board of directors will immediately launch a recruitment process to appoint a new president and CEO.”

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