Nordea Bank AB

Changes in Nordea's Group Leadership Team

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 [email protected]

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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