Composition of Nordea's Shareholders' Nomination Board
Rhea-AI Summary
Nordea (NBNKF) announced the composition of its Shareholders' Nomination Board for the 2026–2027 term. The Board includes the Chair of Nordea's Board and representatives of the four largest shareholders by voting rights as of 30 April 2026.
The appointed shareholders represented about 9.36% of all shares and votes. Niko Pakalén of Cevian Capital was elected Chair of the Nomination Board. The Board prepares proposals on election and remuneration of Nordea's Board of Directors for the General Meeting.
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Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Apr 15 | Share buyback | Positive | -1.7% | Repurchase of 412,756 shares under the ongoing EUR 500 million programme. |
| Apr 13 | Share buyback | Positive | +3.4% | Repurchase of 423,205 shares as part of the authorised buy-back. |
| Apr 10 | Share buyback | Positive | +0.8% | Repurchase of 425,142 shares for capital optimisation and remuneration. |
| Apr 09 | Share buyback | Positive | +0.8% | Repurchase of 430,274 shares under the existing buy-back programme. |
| Apr 07 | Share buyback | Positive | +6.4% | Repurchase of 440,263 shares across multiple exchanges under EUR 500m plan. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent share buyback announcements generally saw positive price reactions, with one negative divergence.
Over the past months, Nordea Bank Abp (OTC: NBNKF) focused on capital optimisation via a buy-back programme of up to EUR 500 million, executing multiple repurchases in early April 2026 at weighted average prices around EUR 15–16. Price reactions ranged from -1.71% to 6.42%, mostly positive. Compared with these capital-management updates, the current announcement is a governance-focused disclosure on the composition of the Shareholders' Nomination Board.
Key Terms
AI-generated analysis. How Rhea-AI works. Not financial advice.
Nordea Bank Abp
Stock exchange release – Other information disclosed according to the rules of the Exchange
19 May 2026 at 11.30 EET
Nordea Bank Abp's Shareholders' Nomination Board has been appointed. The Nomination Board consists of the Chair of the Board of Directors and the four largest shareholders who on 30 April represent the largest number of voting rights and wish to participate in the work of the Nomination Board.
The members of the Nomination Board are:
- Lars Ingemann Nielsen, Executive Vice President and CFO, Nordea-fonden
- Niko Pakalén, Partner, Cevian Capital
- Daniel Kristiansson, Governance and Stewardship Specialist, Alecta
- Timo Sallinen, Director, Head of Listed Securities, Varma Mutual Pension Insurance Company
- Sir Stephen Hester, Chair of the Board of Directors of Nordea Bank Abp
At its first meeting, the Nomination Board elected Niko Pakalén as Chair of the Nomination Board.
On the basis of shareholdings as at 30 April 2026, the appointed shareholders represented approximately 9.36 per cent of all shares and votes in the company.
The Annual General Meeting of Nordea has established a Nomination Board responsible for preparing proposals to the General Meeting for the election and remuneration of the Chair and members of the Board of Directors as well as other duties assigned in its Charter. The Nomination Board is constituted annually and comprises four members nominated by the largest shareholders in terms of votes who wish to participate and the Chair of the Board of Directors of the company. The mandate of the Nomination Board is to continue until a new Nomination Board is appointed.
For further information:
Ilkka Ottoila, Head of Investor Relations, +358 9 5300 7058
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 11.30 EET 19 May 2026.
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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SOURCE Nordea