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Pentti Hakkarainen

Chair of the Administrative Board of Review

Professional profile

Former Deputy Governor of Suomen Pankki – Finlands Bank and former member of the Supervisory Board of the ECB, having previously worked in leading positions in the private sector, both in banks and in an industrial company

Education
1997

Senior Executive Program, Stanford Graduate School of Business, Stanford University

1987

Master of Science (Econ), Helsinki School of Economics

1982

Master of Laws, University of Helsinki

Other current positions
Since 2024

Chair of the Control Committee, Nordic Investment Bank (Deputy Chair 2022-24)

Since 2022

Member of the Advisory Committee, Tiina and Antti Herlin Foundation

Professional career
Since 2023

Chair of the Administrative Board of Review

2023

Vice-Chair of the Administrative Board of Review

2017-22

Member of the Supervisory Board of the ECB (ECB representative)

2002-17

Board member and from 2008 Deputy Governor, Suomen Pankki – Finlands Bank

Other positions: alternate, Governing Council of the ECB; alternate, Board of Governors of the International Monetary Fund; member of the Economic and Finance Committee of the EU; Chair of the Eurosystem/ESCB Budget Committee (BUCOM) and Chair of the Eurosystem/ESCB Committee on Controlling (COMCO)

1995-2001

CEO of two systemically important banks

1998-2001
President of Postipankki plc – also under new names Leonia Bank and Sampo-Leonia (banking business)

1995-97
Managing Director and Executive Board member of OKOBANK plc

1985-95

Finance Director and other management positions, Outokumpu plc

1984-85

Diplomat training course and interim attaché, Ministry for Foreign Affairs of Finland

1983-84

Court training and acting judge, District Court of Pielavesi, Finland

Positions of trust
(on several boards and committees since 1991), including:
2017-22

Chair of the Board of Directors, Olvi plc (a Nordic-Baltic beverages company)

2017-21

Chair of the Board of Directors, Finnvera plc (a state export credit agency)

2008-17

Chair of the Board of the Finnish Financial Supervisory Authority (Finanssivalvonta)

2004-07

Chair and member of the International Monetary Fund External Audit Committee

Whistleblowing