The board of directors of Finnish earnings-related pension provider, Ilmarinen, has appointed Mikko Mursula as the company's new president and CEO, effective from 1 September 2025.

He replaces Ilmarinen's current president and CEO, Jouko Pölönen, who will continue in his position until the end of August, after which he will take up the position of president and CEO of eQ Plc.

Mursula has served as Ilmarinen's chief investment officer since 2015 and as the company's executive vice president since 2021. He has also served as deputy CEO.

He has also worked as the president and CEO of FIM Corporation, head of asset management and brokerage at S-Bank, and in various positions in Ilmarinen's Investment Department.

Additionally, he holds a master’s degree in economics and business administration.

Commenting on the appointment, Ilmarinen board of directors chairman, Jorma Rauhala, said that the board conducted a thorough mapping process with an external partner and the person who best met the experience and skills required for the position was found within the company.

Rauhala added that the selection was based on “strong expertise” in the financial world, investment activities and business management, as well as knowledge of earnings-related pension insurance.

He added that he is “very pleased” with Ilmarinen's succession planning, calling Mursula “just the right person to lead Ilmarinen from now on”.

Commenting on his appointment, Mursula said he is “happy” to have the opportunity to lead Finland's largest pension company.

“I know the company well, as I have worked here for a total of 20 years. Ilmarinen is in strong shape and has developed significantly in recent years,” he continued.

He noted that he takes on the position in an “interesting position” where it is preparing for a pension reform that will strengthen the financing of pensions.

“We are and will continue to do long-term, socially significant work for the benefit of Finnish working life and all our customers," Mursula said.

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