Conflict risk forces Ruuska to step aside as deputy CEO of OMX

Source: OMX

Jukka Ruuska, President of the OMX Exchanges division and as of January 1, 2005, also President of the Stockholm Stock Exchange, has decided to temporarily leave his position as Executive Vice President and deputy CEO of OMX. No new deputy CEO will be appointed.

"We are currently carrying out an overview of our company to see how we could organize ourselves in a way that supports our aim to increase confidence in the securities market in the best way. Pending the results of this overview, I have decided to step down from my position as deputy CEO of OMX in order to avoid any risk of conflict of interests that my triple role as head of OMX Exchanges, head of Stockholm Stock Exchange and deputy CEO of OMX potentially entails. Furthermore, I will during the spring 2005, subject to completion of the combination, be putting a lot of time and energy into integrating the Copenhagen Stock Exchange with OMX Exchanges, thereby taking the next step in the integration of the Nordic and Baltic market. Once this exciting expansion phase has passed and when we have carried out any potentially necessary actions relating to the organizational structure, I will re-assume the position as deputy CEO,” said Jukka Ruuska, head of OMX Exchanges.

Jukka Ruuska will continue to be a member of the OMX Executive Team.

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