Coop Pank extends authorities of Heikko Mäe as Member of the Management Board of Coop Pank AS

Core Points - Coop Pank AS has extended the term of office for Heikko Mäe as a member of the Management Board for an additional 3 years, until February 11, 2029 [1] - Heikko Mäe has been with Coop Pank since February 2020, serving as the Head of Risk and holding positions on the supervisory boards of its subsidiaries [2] - Heikko Mäe holds 164,070 shares in Coop Pank AS and has options for additional shares maturing between 2026 and 2028 [3] Company Overview - Coop Pank is one of the five universal banks in Estonia, with a client base of 224,000 for daily banking services [4] - The bank aims to leverage the synergy between retail and banking to enhance accessibility to everyday banking services [4] - Coop Pank's strategic shareholder is Coop Eesti, a domestic retail chain with 320 stores [4]