Administration and management
Municipality Finance's Board of Directors consists of a minimum of five and a maximum of eight members. The term of Board members concludes at the end of the Annual General Meeting following their election.
The Board elects from among its number a Chairman and Vice Chairman.
For more information on the company's administration, please refer to Municipality Finance's Corporate Governance policy, the Articles of Association and the Code of Conduct.
Board of Directors
At Municipality Finance's Annual General Meeting of 23 March 2011, the following persons were elected to the Board of Directors:
- Eva Liljeblom (Chairman)
- Fredrik Forssell (Vice Chairman)
- Teppo Koivisto
- Tapio Korhonen
- Sirpa Louhevirta
- Ossi Repo
- Asta Tolonen
- Juha Yli-Rajala
Acting management
The company has a Managing Director appointed by the Board of Directors and a Deputy Managing Director. The Managing Director is Pekka Averio and the Deputy Managing Director is Esa Kallio.
Municipality Finance's Management Group consists of four persons:
Pekka Averio, President and CEO
Esa Kallio, Executive Vice President, Deputy to the CEO
Toni Heikkilä, Senior Vice President, Risk Management
Marjo Tomminen, Senior Vice President, Finance and Business Development
Auditors
The company has one auditor. The auditor must be an Authorised Public Accountant approved by the Central Chamber of Commerce of Finland. The auditor's term of office concludes at the end of the first Annual General Meeting following his election.
Municipality Plc's auditor is KPMG Oy Ab, with Chartered Accountant Raija-Leena Hankonen as the principal auditor.
