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Ferratum Oyj: Juhani Vanhala appointed Chairman of the Board of Ferratum Oyj

DGAP-News: Ferratum Oyj / Schlagwort(e): Personalie Ferratum Oyj: Juhani Vanhala appointed Chairman of the Board of Ferratum Oyj 24.04.2019 / 20:00 Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. Ferratum Oyj: Juhani Vanhala appointed Chairman of the Board of Ferratum Oyj

- Pieter van Groos to become Chief Executive Officer of Ferratum Bank p.l.c. and consumer lending business leader

Helsinki, 24 April 2019 - Ferratum Oyj (ISIN: FI4000106299, WKN: A1W9NS) ("Ferratum" or the "Group") is pleased to announce the appointment of Juhani Vanhala as Chairman of the Board and Pieter van Groos, previous Chairman of the Board, being nominated as Chief Executive Officer of Ferratum Bank p.l.c. and him with this role to take the overall lead of the Group's consumer lending business. The appointment of Pieter van Groos is subject to approval from the Malta Financial Services Authority ("MFSA").

Juhani Vanhala, a long-term Group Board member, will succeed Pieter van Groos as Chairman of the Board. Juhani is an experienced Board member who has sat on the Board of Ferratum since its formation in 2005 and currently serves on the Boards of Vahanen International Oy, There Corporation Oy, GordionPro Oy and as Chairman of the Board of Fira Group Oy and Workspace Oy.

Ferratum Bank p.l.c. is a fully owned subsidiary of the Group, which is led by Founder and CEO Jorma Jokela. Pieter van Groos will assume his responsibilities with Ferratum Bank upon MFSA approval, succeeding Jussi Mekkonen who left Ferratum at the end of February. Pieter has a strong international performance track record in banking, industry, management consulting, financial services and private equity from over 30 years, including senior roles at Exxon-Mobil, McKinsey & Company, General Electric and most recently as CEO of Techpilot.