Elo Mutual Pension Insurance Co., a large Finnish employment pension insurer, has appointed an interim CEO to replace Satu Huber, who resigned from his post this month.
Hanna Hiidenpalo, Elo's director of investments, was assigned as the company's interim president and CEO on March 16. The company has launched the search process for a new CEO.
“Satu Huber has worked as the president and CEO of Elo since June 2015,” said Antti Aho, chairman of the board of Elo. “On behalf of the entire board, I would like to thank Satu for these years and dedicated work for Elo and its customers.”
At the end of 2020, the market value of Elo's investments was €25.9 billion ($30.5 billion). The institution invests primarily in real estate, fixed income and equity, as well as hedge funds.
