The CEO of VER to retire in early 2026

The CEO of the State Pension Fund of Finland (VER), Timo Löyttyniemi, will reach retirement age at the end of this year and will retire in early 2026. The post of VER’s CEO will be open for applications in mid-August. The call for applications will be published on VER’s website and in national media. 

Timo Löyttyniemi started as the CEO in 2003 and served as the Vice Chair of the Single Resolution Board of the EU in Brussels from 2015 to 2019, after which he returned to his current position.

"The position as the CEO of VER has been a very interesting one and I have enjoyed it very much. A real vantage point in the investment and financial markets. I will continue working as the CEO until early 2026, and I will continue my career in board positions", says CEO Timo Löyttyniemi

Additional information: Additional information is provided by Chief Executive Officer Timo Löyttyniemi, firstname.lastname@ver.fi, tel. +358 295 201 210

Established in 1990, the State Pension Fund (VER) is an off-budget fund through which the State prepares to finance future pensions and equalise pension expenditure. VER is an investment organisation responsible for investing the State’s pension assets professionally. At the end of March 2025, the market value of the Fund’s investment portfolio stood at EUR 24.2 billion.