Governance

Tesi is a state-owned venture capital and private equity company. We comply with all applicable recommendations of the Corporate Governance Code for Finnish Listed Companies, in addition to existing legislation and the provisions of the company’s Articles of Association. Our goal is transparency, international comparability and the promotion of good corporate governance practices in line with the Code, as well as the harmonisation of information-related procedures.

Management
Board of Directors
Tesi Advisory Board

Corporate Governance Statement 2021
Remuneration Report 2021

Management

Jussi Hattula

Jussi Hattula

Interim CEO; Director, Growth & Industrial Investments
Susanna Aaltonen

Susanna Aaltonen

Director, Communications
Henri Hakamo

Henri Hakamo

Chief Digital Officer
Matias Kaila

Matias Kaila

Director, Funds
Anna Kilpi

Anna Kilpi

Director, HR and Compliance
Juha Lehtola

Juha Lehtola

Director, Venture Capital

Board of Directors

Jacob af Forselles

Jacob af Forselles

Chair
Riku Huttunen

Riku Huttunen

Vice-chair
Mia Folkesson

Mia Folkesson

Member
Anniina Heinonen

Anniina Heinonen

Member
Minna Helppi

Minna Helppi

Member
Pauli Kariniemi

Pauli Kariniemi

Member
Timo Leino

Timo Leino

Member

Tesi Advisory Board

The Advisory Board functions as an advisory body to the Board of Directors and promotes the company’s public relations. The Board does not have any responsibilities under commercial law.

Members:

  • Juha Rantanen, Chair, Vuorineuvos
  • Mari Holopainen, Member of Parlament, Vihreät
  • Lauri Muranen, Chief Advisor (Economic Policy), SAK
  • Nina Kopola, Director General, Business Finland
  • Ari Korhonen, Angel Investor
  • Veli-Matti Mattila, Chief Economist, Finanssiala ry
  • Pirita Mikkanen, Chair, Lifa Air Oy
  • Riitta Mäkinen, Member of Parlament, SDP
  • Arto Pirttilahti, Member of Parlament, Keskusta
  • Matti Putkonen, Perussuomalaiset
  • Tommi Toivola, Director, EK
  • Ben Zyskowicz, Member of Parlament, Kokoomus

Group structure

The Group comprises the parent company, Tesi (Finnish Industry Investment Ltd), and its subsidiaries:

  • FEFSI Management Ltd. (100% owned by parent company)
  • Tesi Fund Management Ltd. (100% owned by parent company)
  • Tesi Industrial Management Ltd. (100% owned by parent company)
  • EAKR-Aloitusrahasto Ltd. (100% owned by parent company)
  • Aker Arctic Technology Ltd. (66.4% owned by parent company)

Tesi is a minority investor. Our holding in portfolio companies is always less than 50%, although in some investments the aggregated holding of investors may exceed 50%. The only exception is Aker Arctic, in which Tesi has a majority holding.