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Inside information: Jouko Pölönen appointed as the CEO of eQ Plc
Globenewswire· 2025-05-05 05:00
Core Viewpoint - eQ Plc has appointed Jouko Pölönen as the new CEO, effective no later than November 5, 2025, succeeding interim CEO Janne Larma [1][3][4] Group 1: Leadership Appointment - Jouko Pölönen, with extensive experience in the financial sector, previously served as CEO of Ilmarinen Mutual Pension Insurance Company for seven years [3] - Pölönen has held significant roles in various financial institutions, including OP Financial Group and Pohjola Insurance Ltd [3] - The Board of Directors expressed confidence in Pölönen's ability to lead eQ and implement growth strategies [5][6] Group 2: Strategic Vision - Pölönen aims to drive profitable growth and enhance value for clients and shareholders, emphasizing the importance of professional asset management [4][6] - He recognizes significant opportunities in the asset management market, particularly in catering to individual investors [6] Group 3: Shareholder Commitment - The three largest shareholders of eQ will sell 1,000,000 shares to Pölönen, representing approximately 2.4% of the total share capital, positioning him among the top ten shareholders [7] - Pölönen will also receive 100,000 stock options as part of the 2025 option program to incentivize his commitment to the company's growth [7] Group 4: Company Overview - eQ is a leading asset manager in Finland, specializing in private equity and real estate asset management, with total assets managed amounting to approximately EUR 13.6 billion [10]