Jump to content

Board of Directors

Satu Huber

Antti Aho *

Chairman
Born 1969, M.Sc. (Econ.) 
Managing Director, Aava Terveyspalvelut Oy
Member since 2014
Term expires in 2022
content image

Sture Fjäder

First Deputy Chairman
Born 1958, M.Sc. (Eng.) 
President, Akava
Member since 2020
Term expires in 2022
Susa Nikula

Susa Nikula *

Second Deputy Chairman
Born 1970, M.Ed.
Executive Vice President, HR, SOK Corporation.
Member since 2017
Term expires in 2022

Members

content image

Minna Helle

Born 1972, LL.M
Executive Director, Federation of Finnish Technology Industries
Member since 2019
Term expires in 2022
 
content image

Jari Karlson *

Born 1961, M.Sc. (Econ.)
Chief Financial Officer, Orion Corporation
Member since 2010**
Term expires in 2022
content image

Antti Kuljukka *

Born 1961, M.Sc.(Soc.Sc.), eMBA 
CEO, Fennia Group
Member since 2007**
Term expires in 2022
content image

Juha Koponen *

Born 1966, B.Sc. (Econ.)
Chairman of the Board, LocalTapiola General Insurance Company and LocalTapiola Mutual Life Insurance Company
Member since 2020
Term expires in 2022
content image

Aki Käyhkö *

Born 1968, BBA
Managing Director / Vice President, Scandic Hotels Oy
Member since 2020
Term expires in 2022
content image

Janne Makkula

Born 1977, LL.M., trained on the bench
Vice President, Federation of Finnish Enterprises
Member since 2017
Term expires in 2022
content image

Jorma Malinen

Born 1959, Automation Designer 
President, Trade Union Pro 
Member since 2014
Term expires in 2022
content image

Sinikka Näätsaari

Born 1961, M.Soc.Sc. 
Head of Pension Policy, Central Organisation of Finnish Trade Unions SAK 
Member since 2015
Term expires in 2022
content image

Annika Rönni-Sällinen

Born 1976, LL.M
President, Service Union United PAM
Member since 13.5.2020
Term expires in 2022

Deputy members

content image

Marjo Matikainen-Kallström

Born 1965, M.Sc. (Eng.), eMBA
Chairman of the Board, Academic Engineers and Architects in Finland TEK
Member since 2017
Term expires in 2022
content image

Esa Neuvonen *

Born 1967, M.Sc. (Econ.) 
EVP, YIT Group
Member since 2019
Term expires 2022
Esa Neuvonen

Penna Urrila

Born 1976, Master of Social Sciences
Director, Chief Economist, Confederation of Finnish Industries EK
Member since 2017
Term expires in 2022

All Board members are elected for a term lasting three calendar years and ending on 31 December 2022. The Board of Directors elects the Chairman and Deputy Chairmen from among its members for one calendar year at a time.

Those marked with * in the list of Board of Directors are members of the executive management of important client companies of Elo; the other members are independent for the purposes of the Finnish Corporate Governance Code (Recommendation 10).

**Elo was established on 1 January 2014 as a result of the merger of Pension Fennia and LocalTapiola Pension Company. This member of the Board of Directors served on the Board of one of these preceding companies prior to the merger.

In accordance with the Act on Employee Pension Insurance Companies, the Board of Directors shall, together with the Chief Executive Officer, administer in a professional manner and in compliance with prudent business principles. The general task of the Board of Directors is to oversee the governance of the company and proper arrangement of the company operations, and to ensure that the supervision of accounting and asset management is appropriately arranged.

The Articles of Association and the rules of procedure of the Board of Directors list the general tasks assigned to Elo’s Board of Directors.

The Board of Directors is comprised of 12 ordinary members and four (4) deputy members. The Supervisory Board elects the members and deputy members of the Board of Directors for a term lasting three calendar years at a time.

The Board of Directors shall include representatives of the policyholders and the insured who are elected from among the persons proposed by major central labour market organisations representing employers and employees. The representatives elected from among those persons proposed by major central labour market organisations representing employees shall be a minimum of one third of the members of the Board of Directors and the representatives elected from among those persons proposed by major central labour market organisations representing employers shall be a minimum of one sixth of the members of the Board of Directors

The Board of Directors is assisted by the Appointment and Remuneration Committee and the Audit Committee.
Members of Elo's Audit Committee are Jari Karlson (Chairman), Marjo Matikainen-Kallström and Penna Urrila.

Diversity of the Board of Directors

When in the process of choosing members of the Board, diversity of the Board of Directors is also taken into account. By having a diverse Board of Directors, the directors can better serve their mission and support Elo in achieving its strategic goals. When the Board of Directors can as a group and as individuals of different skills, experience and personal features challenge and support the management proactively, the diversity of the Board of Directors is pursued in its eligible form.

The essential factors of diversity for Elo are the complementary experience of the directors, personal features, geographical and gender distribution.

One of the main goals of Elo’s diversity policy is to maintain a balance in gender distribution in Elos Board of Directors. To be able to reach this goal, the election panel always searches for representatives of both genders when choosing new members to the Board. The achievement of goals is followed and evaluated in the election panel meetings.