Less than three months after Ilmarinen, the second largest of Finland’s huge pensions insurance companies, announced plans to merge with its smaller rival Etera, it has been revealed that Ilmarinen’s Chief Executive Timo Ritakallio is leaving the company.
When news first broke of the forthcoming merger, Ilmarinen said Ritakallio would continue as the Chief Executive of the merged company when the link up completed in January, with Etera Chief Executive Stefan Björkman to take on the role of his deputy.
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