V‹nsk‹'s original four-year contract expires at the end of 2006-07. He has drawn critical praise during the first two years of his directorship, and was named Musical America's conductor of the year in December 2004.
"This is an outstanding development," said orchestra president and CEO Tony Woodcock. "During his tenure in Minnesota, Osmo has quickly come to be regarded among the world's most sought-after conductors."
V‹nsk‹ added, "This has been an ideal time for me, as the orchestra and I are growing together. This is an outstanding orchestra with a great attitude, and I feel like I can do my best work here with everyone sharing a common vision."
Under the newly signed contract, V‹nsk‹ will spend a total of 18 weeks per year with the orchestra, including 14 weeks of subscription concerts and recordings, tours, and other events.
V‹nsk‹ is also chief conductor of the Lahti Symphony of Finland, and is credited with raising that ensemble's profile. He was music director of the BBC Scottish Symphony from 1996 to 2002.