Changes in Nordea's Group Leadership Team

13 Oct 2025 08:00 CEST

Nordea Bank Abp
Stock exchange release - Changes board/management/auditors
13 October 2025 at 9.00 EET

Erik Ek is appointed Head of Group Business Support and a member of the Group
Leadership Team as of 13 October 2025.

Erik Ek, current Head of Group Credit Management, is appointed Head of Group
Business Support and a member of the Group Leadership Team. He joined Nordea in
2015 and has demonstrated effective leadership, coupled with great business
acumen and a very strong customer focus. Through his current role, he knows the
functions of Group Business Support well.

Erik Ek succeeds Mads Skovlund Pedersen, who has resigned to take up an
opportunity outside Nordea. Mads Skovlund Pedersen will stay on as a Senior
Advisor until 31 March 2026.

"I am pleased to announce Erik Ek as the new Head of Group Business Support. His
deep understanding of our customers' needs enables strong continuity and focus
on driving operational excellence and enhancing execution speed across Nordea's
operations. Leveraging technology and scale, while maintaining a strong customer
focus, will create long-term competitive advantage," says President and Group
CEO Frank Vang-Jensen.

"I want to thank Mads Skovlund Pedersen for his contribution to Nordea over the
past 25 years and for our collaboration throughout the years. I wish him all the
best," says President and Group CEO Frank Vang-Jensen.

Nordea is heading into a new strategy period. Hence, building on Nordea's
successful foundation, Group Business Support will play a key role in delivering
increased efficiency through Nordic scale benefits that enable greater value for
customers.

The appointment is subject to regulatory approval, and the change will take
effect as of today.

For further information:

Malin Pettersson, Head of Group Corporate Communication, +358 10 416 8023
Media inquiries, +358 10 416 8023 or press@nordea.com

The information provided in this stock exchange release was submitted for
publication through the agency of the contacts set out above, at 9.00 EET on 13
October 2025.
We are a universal bank with a 200-year history of supporting and growing the
Nordic economies - enabling dreams and aspirations for a greater good. Every
day, we work to support our customers' financial development, delivering best-in
-class omnichannel customer experiences and driving sustainable change. The
Nordea share is listed on the Nasdaq Helsinki, Nasdaq Copenhagen and Nasdaq
Stockholm exchanges. Read more about us at nordea.com.

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