Nordic Investment Bank Restructures Executive Functions to Strengthen Operational Alignment Following Leadership Transition

Nordic Investment Bank Restructures Executive Functions to Strengthen Operational Alignment Following Leadership Transition

(IN BRIEF) The Nordic Investment Bank has implemented organisational changes at the Executive Committee level following the retirement of Gunnar Okk, its Vice President and COO. Effective April 1, 2026, the restructuring aims to improve clarity in responsibilities, strengthen operational alignment, and support the Bank’s ongoing development. Key changes include the creation of a new Sustainability, Mandate and Digitalisation department led by Luca de Lorenzo, the division of Lending & Treasury Administration responsibilities between Jeanette Vitasp and Kim Skov Jensen, and the establishment of a new Treasury unit. Office Services and Facilities have been integrated into a new Corporate Affairs department led by Jukka Ahonen, while the HR function has been renamed People and Culture and elevated to departmental status. The adjustments reflect NIB’s focus on strengthening governance and operational efficiency.

(PRESS RELEASE) HELSINKI, 2-Apr-2026 — /EuropaWire/ — Nordic Investment Bank has introduced a series of organisational changes following the retirement of Gunnar Okk, aimed at maintaining operational continuity, clarifying responsibilities, and enhancing alignment across the institution. The updates to the Executive Committee structure came into effect on 1 April 2026.

As part of the restructuring, responsibility for IT has been reassigned to Luca de Lorenzo, who now heads a newly created department combining Sustainability, Mandate, and Digitalisation. This move reflects a more integrated approach to digital transformation and sustainability priorities within the Bank.

The Lending & Treasury Administration function has been reorganized into separate areas. Lending administration responsibilities have been transferred to Jeanette Vitasp, while Back Office Administration is now overseen by Kim Skov Jensen. In parallel, a new Treasury unit has been established within the Treasury and Finance department, including the appointment of a dedicated Treasurer to further strengthen financial operations.

Additionally, responsibility for Office Services and Facilities has been moved under Jukka Ahonen, who leads the newly formed Corporate Affairs department. This department consolidates Communications and Corporate Services, supporting a more unified approach to internal and external operations.

The Bank has also rebranded its HR function as People and Culture, elevating it to operate as a standalone department rather than within the President and CEO’s Office, reflecting an increased emphasis on organisational development and employee engagement.

André Küüsvek noted that these changes represent an important step in the Bank’s continued evolution. He acknowledged Gunnar Okk’s contributions over the years and expressed appreciation for his service as he steps into retirement.

The current composition of the Executive Committee is available here.

Media Contact:

Lotta Forssell
Senior Communications Officer
+358 10 618 0498
lotta.forssell@nib.int

SOURCE: Nordic Investment Bank