Management
Eesti Energia's directing bodies are the General Meeting of Shareholders, the Supervisory Board, the Management Board and the Audit Committee. The General Meeting is the highest directing body of the company, and it appoints the members of the Supervisory Board. The Supervisory Board appoints the members of the Management Board of the company and supervises the company's operations. The Audit Committee advises the Supervisory Board on matters of supervision.
- General meeting
- Management board
- Supervisory board
- Audit committee
The sole shareholder of Eesti Energia is the Republic of Estonia, represented at the shareholders' meeting by the Minister of Finance.
The Management Board of Eesti Energia is responsible for operational management and has five members, who are elected by the Supervisory Board. The Chairman of the Management Board is also the Managing Director or CEO of the Group. The principles of remuneration for members of the Management Board are regulated by the State Assets Act, under which the Supervisory Board sets the level of remuneration.
The Supervisory Board of Eesti Energia is an executive body planning the operations and organising the management of the group, and supervising the activities of the management board. The Supervisory Board consists of seven members.
Väino Kaldoja
Chairman of the Supervisory Board
Kaie Karniol
Member of the Supervisory Board
Danel Tuusis
Member of the Supervisory Board
Ants Pauls
Member of the Supervisory Board
Andres Liinat
Member of the Supervisory Board
Ivo Palu
Member of the Supervisory Board
Einari Kisel
Member of the Supervisory Board
The role of Eesti Energia's four-member Audit Committee is to advise the Supervisory Board on matters of supervision.
Kaie Karniol
Chairwoman of the Audit Committee
Ants Pauls
Member of the Audit Committee
Danel Tuusis
Member of the Audit Committee
Mait Palts
Member of the Audit Committee
Governance principles
The common ambition of Eesti Energia's Supervisory Board and Management Board is to develop and manage Eesti Energia so as to set a good example to every business in Estonia. This concerns strategic clarity, good management principles, efficient operations and economic results, as well as successful cooperation with all stakeholders.
The Eesti Energia group is governed based on the owner's expectations, the corporate vision, the agreed strategic objectives, values, and legislation and other documents regulating the activities of business groups and group companies.