CEO of Coop Pank, Margus Rink, to step down at the end of May

Core Viewpoint - Coop Pank's CEO Margus Rink will step down at the end of May after eight years of leadership, marking a significant transition for the bank as it prepares for its next strategic phase [1][4]. Group 1: Leadership Transition - The Supervisory Board of Coop Pank will begin the search for a new CEO to define the bank's strategic direction for the upcoming period [2]. - Heikko Mäe, the current Chief Risk Officer, will temporarily assume the responsibilities of Chairman of the Management Board until a new CEO is appointed [2][4]. - Margus Rink's term as Chairman will officially end on May 30, 2025, along with his roles in Coop Pank's subsidiaries [4]. Group 2: Achievements Under Current Leadership - Under Margus Rink's leadership, Coop Pank has grown its market share from 1% to 6% in the Estonian banking market and has become the most recommended bank among customers [3]. - The bank was listed on the Tallinn Stock Exchange, highlighting its growth and establishment as a key player in the market [3]. Group 3: Company Overview - Coop Pank is one of the five universal banks operating in Estonia, serving 211,000 everyday banking clients [5]. - The bank leverages the synergy between retail and banking, bringing financial services closer to customers [5]. - Coop Pank's strategic owner is Coop Eesti, a domestic retail chain with a network of 320 stores across Estonia [5].