Christoph Vitzthum elected Chairman of Varma’s Supervisory Board

Varma’s Supervisory Board held its constitutive meeting on 16 May 2019. As its Chairman, the Supervisory Board elected Christoph Vitzthum, President & CEO, Fazer Group. Satu Wrede, Chairman of the Board of Directors, Metroauto Group Oy, and Saana Siekkinen, Director of the Central Organisation of Finnish Trade Unions (SAK), were re-elected as deputy chairmen.

Varma’s Supervisory Board on 16 May 2019

Chairman: Christoph Vitzthum, President & CEO, Fazer Group
Deputy Chairman: Saana Siekkinen, Director, Central Organisation of Finnish Trade Unions SAK
Deputy Chairman: Satu Wrede, Chairman of the Board of Directors, Metroauto Group Oy

Juri Aaltonen, Chairman, Federation of Special Service and Clerical Employees (ERTO)
Kari Ahola, Chairman, Trade Union Unio
Eero Broman, Chairman of the Board of Directors, Broman Group Oy
Petri Castrén, CFO, Kemira Oyj
Jukka Erlund, CFO, Kesko Corporation
Erkki Etola, Chairman of the Board, Etola Oy and Etra Oy; and Managing Director, Tiiviste-Group Oy
Lasse Heinonen, CEO, Ahlström Capital Oy
Olavi Huhtala, EVP & Head of SSAB Europe
Juha Häkkinen, Executive Manager of MMA, the Union of Sales and Marketing Professionals
Mika Joukio, CEO, Metsä Board Corporation
Jukka Jäämaa, Country Manager, ISS Palvelut Oy
Risto Kalliorinne, Organisation Manager, Service Union United PAM
Kari Kauniskangas, President and CEO, YIT Oyj
Mari Keturi, Head of Bargaining, Trade Union for the Public and Welfare Sectors (JHL)
Ville Kopra, CEO, Versowood Oy
Tapio Korpeinen, CFO, UPM-Kymmene Corporation; and Executive Vice President, UPM Energy
Timo Koskinen, Senior Vice President, Human Resources, VR Group Ltd.
Pekka Kuusniemi, CEO, Raisio Plc
Päivi Leiwo, Chairman of the Board of Directors, Oilon Group Oy
Olli Luukkainen, President, Trade Union of Education in Finland (OAJ)
Johanna Moisio, Executive Director, Finnish Union of University Researchers and Teachers
Panu Routila, President and CEO, Konecranes Plc
Jari Suominen, Executive Vice President, Division Wood Products, Stora Enso Oyj
Leena Vainiomäki, Country Head, Danske Bank A/S, Finland Branch
Petri Vanhala, Chairman, Finnish Paperworkers’ Union
Jorma Vehviläinen, Executive Vice President, SOK Corporation
Anssi Vuorio, Director of Industry Sector, Trade Union Pro
Sauli Väntti, Chairman, Finnish Electrical Workers Union

Varma Mutual Pension Insurance Company is a responsible and solvent investor. The company is responsible for the statutory earnings-related pension cover of some 900,000 people in the private sector. In 2018, premiums written by Varma totalled €5.1 billion and pension payments totalled €5.7 billion. Varma’s investment portfolio amounted to EUR 44.0 billion at the end of 2018.

Further information:
Katri Viippola, SVP, HR, Communications and Corporate Social Responsibility, tel. +358 (0)400 129 500 or

Varma administration

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