Supervisory Board

The Supervisory Board’s task is to supervise the corporate governance managed by the company’s Board of Directors and President and CEO. The Supervisory Board also carries out its supervisory task by electing the necessary number of its members at a time to familiarise themselves with the company’s investment and pension decision operations. The Supervisory Board also elects the members of the Board of Directors and the Election Committee and decides on the members’ remuneration.

The General Meeting elects the Supervisory Board’s members, whose maximum number is 30. At least a third of the members must be elected from among the persons nominated by the key central organisations representing employees. At least a sixth of the members must be elected from among the persons nominated by the key central organisations representing employers. In its policy concerning the election and diversity of the Supervisory Board, the Supervisory Board has outlined the requirements that the Supervisory Board must meet. The diversity of the Supervisory Board is examined as a whole. The composition of the Supervisory Board must meet regulatory requirements. The objective is to have both genders represented on the Supervisory Board.

The term of office of the Supervisory Board members is three years, and at most a third of the members are due to resign annually.

The Supervisory Board elects a chairperson and two deputy chairpersons from among its members. Either the chairperson or one of the deputy chairpersons shall be a person nominated by representatives of the insured. If the person nominated by the representatives of the insured is not elected as the chairperson, this person shall act as the primary deputy to the chairperson.

Ilmarinen’s Supervisory Board

Chairman

• Ilkka Hämälä, b. 1961, CEO, Metsä Group, term expires in 2026

Deputy Chairmen

• Juhapekka Joronen, b. 1971, Chair of the Board, SOL Palvelut Oy, term expires in 2026
• Jari Jokinen, b. 1967, CEO, Academic Engineers and Architects in Finland, term expires in 2027

Members

• Markus Ainasoja, b. 1967, Personnel Manager, The Finnish Construction Trade Union, term expires in 2026
• Johannes Frände, b. 1979, General Counsel, KONE Corporation, term expires 2027
• Nina Hahtela, b. 1972, Ececutive Director, The Union on Research Professionals, term expires 2028
• Eero Hautaniemi, b. 1965, President and CEO, Lassila & Tikanoja Plc, term expires in 2028
• Maija Jokela, b. 1977, Managing Director, Ramboll Finland Ltd, term expires in 2027
• Jari Jokinen, b. 1967, CEO, Academic Engineers and Architects in Finland, term expires in 2027
• Elina Kaura, b. 1981, Executive Vice President, Legal & Compliance, Assemblin Caverion Group, term expires 2028
• Turkka Kuusisto, b. 1979, CEO, Finnair Oyj, term expires in 2027
• Riikka Laine-Tolonen, b. 1966 ,CEO, S-Bank Plc, term expires 2026
• Juha Laurio, b. 1972, President and CEO, Lindström Oy, term expires in 2028
• Heidi Lehikoinen, b. 1983, CEO, Service Union United PAM, term expires in 2028
• Turja Lehtonen, b. 1970, Vice Chairman, Industrial Union, term expires in 2027
• Veli-Matti Liimatainen, b. 1969, CEO, Helsinki Cooperative Society Elanto, term expires in 2028
• Heli Lindfors, b. 1984 , CFO, Vaisala Corporation, term expires 2027
• Heikki Malinen, b. 1962, President and CEO, Neste Corporation, term expires 2028
• Topi Manner, b. 1974, President and CEO, Elisa Oyj, term expires in 2027
• Heidi Nieminen, b. 1979, Chairman, The Finnish Post and Logistics Union PAU, term expires in 2026
• Matti Peltola, b. 1962, Managing Director, Trade Association of Finnish Forestry and Earthmoving Contractors, term expires in 2026
• Minea Pyykönen, b. 1967, Director of Service sector, Trade Union Pro, term expires in 2026
• Riitta Savonlahti, b. 1964, Executive Vice President, Human Resources, UPM-Kymmene Corporation, term expires in 2028
• Minttu Sinisalo, b. 1980, Chief Human Resources Officer, Terveystalo Plc, term expires in 2028
• Pauliina Tenhunen, b. 1966, Partner, Castrén & Snellman, term expires in 2028
• Micaela Thorström, 1976, Executive Vice President, Legal and General Counsel,Stora Enso Oyj, term expires 2026
• Jore Tilander, b. 1965, Executive Director, The Association of Finnish Lawyers, term expires in 2026
• Heikki Vuorenmaa, b. 1981, President and CEO, YIT Corporation, term expires in 2027
• Jari Välikangas, b. 1958, Chairman, Finnish Transport and Logistics SKAL, term expires in 2026
• Pirjo Väänänen, 1971, Head of Social Affairs, The Central Organisation of Finnish Trade Unions SAK, term expires in 2027

Supervisors of Pension Decision Operations

Members

• Markus Ainasoja
• Turja Lehtonen
• Veli-Matti Liimatainen
• Heidi Nieminen
• Riitta Savonlahti
• Pauliina Tenhunen

Deputy members

• Johannes Frände
• Eero Hautaniemi
• Maija Jokela
• Jari Jokinen
• Jari Välikangas
• Pirjo Väänänen

Supervisors of Investment Operations

Members

• Turkka Kuusisto
• Juha Laurio
• Heidi Lehikoinen
• Topi Manner
• Minea Pyykönen
• Heikki Vuorenmaa

Deputy members

• Henrik Haapajärvi
• Juhapekka Joronen
• Elina Kaura
• Matti Peltola
• Minttu Sinisalo
• Jore Tilander

Information about Ilmarinen’s Supervisory Board’s activities

More information about the Supervisory Board’s activities is available here (in Finnish).