Governance

The Board of Directors is responsible for the strategic development as well as directing and supervising Tesi’s business operations. The Board establishes key operating principles and monitors their implementation. The Board makes Tesi’s investment decisions.

The Management Team implements the company’s strategy and prepares investment proposals for the Board. The Management Team comprises the CEO and the Directors of the company’s operations.

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

Management

Matias Kaila

Matias Kaila

Director, Funds
Henri Hakamo

Henri Hakamo

Chief Digital Officer
Juha Lehtola

Juha Lehtola

Director, Venture Capital
Jussi Hattula

Jussi Hattula

Director, Growth & Industrial Investments
Susanna Aaltonen

Susanna Aaltonen

Director, Communications
Anna Kilpi

Anna Kilpi

Director, HR and Compliance

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.

Corporate Governance Statement

Tesi’s Corporate Governance Statement is prepared in all applicable respects in compliance with the recommendations of the Finnish Corporate Governance Code issued by Finland’s Securities Market Association.

Corporate Governance Statement 2020