Nordea Bank Abp
Stock exchange release - Changes board/management/auditors
4 December 2024 at 9.00 EET

Nordea has established a strong foundation during the past years, which will enable long-term advantages based on technology and scale. To further support strategy execution, the current Group Business Support function will be divided into two new units: Group Technology and Group Business Support. Kirsten Renner and Mads Skovlund Pedersen are appointed new members of the Group Leadership Team. As a consequence of these changes, Erik Ekman will step down from the Group Leadership Team and as Head of Group Business Support. These changes will take effect as of 1 February 2025.

Kirsten Renner, current Head of Group Technology, is appointed a member of the Group Leadership Team. Kirsten has successfully delivered in her role, creating business value through her deep understanding of technology and her strong leadership skills. She has long experience with technology and digital transformation in the banking industry. Kirsten joined Nordea in 2022.

Mads Skovlund Pedersen, current Head of Personal Banking in Denmark, is appointed Head of Group Business Support and a member of the Group Leadership Team. He will continue as Country Senior Executive in Denmark. Mads has delivered strong results through his customer-centric and operational leadership. He has a strong and versatile business understanding, which will strengthen execution. Mads joined Nordea in 2000.

"I'm very pleased to announce the appointments of Kirsten Renner and Mads Skovlund Pedersen. Building on our strong foundation, we will further leverage our competitive advantage through technology and scale and increase execution speed to the benefit of our customers," says President and Group CEO Frank Vang-Jensen.

It has been agreed, as a consequence of the change, that Erik Ekman will step down from his current role as Head of Group Business Support and as a member of the Group Leadership Team.

"I want to thank Erik for his strong contributions and commitment during his sixteen years at Nordea and nine years in the Group Leadership Team. His insightfulness and ability to navigate complex environments have been essential in executing on the technology strategy and driving process optimisation. I wish him all the best in the future," says President and Group CEO Frank Vang-Jensen.

The appointments are pending regulatory approval.

For further information:

Malin Pettersson, Head of Group Corporate Communication, +358 10 416 8023
Media inquiries, +358 10 416 8023 or press@nordea.com

The information provided in this stock exchange release was submitted for publication, through the agency of the contacts set out above, at 9.00 EET on 4 December 2024.

We are a universal bank with a 200-year history of supporting and growing the Nordic economies - enabling dreams and aspirations for a greater good. Every day, we work to support our customers' financial development, delivering best-in-class omnichannel customer experiences and driving sustainable change. The Nordea share is listed on the Nasdaq Helsinki, Nasdaq Copenhagen and Nasdaq Stockholm exchanges. Read more about us at nordea.com.