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 2022
Remuneration Report 2022
Management
Jussi Hattula
Board of Directors
Jacob af Forselles
Riku Huttunen
Mia Folkesson
Anniina Heinonen
Minna Helppi
Timo Leino
Jaakko Weuro
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. New members of the Tesi Advisory Board, appointed in autumn 2023, are:
- Jacob af Forselles, Chair (Chief Strategy Officer, Konecranes; Chair, Tesi’s Board of Directors)
- Arno Ahosniemi, CEO (Finance Finland)
- Pauli Heikkilä, CEO (Finnvera)
- Inka Hopsu, Member of Parliament (The Greens)
- Anne Horttanainen, CEO (Finnish Venture Capital Association (FVCA))
- Jyri Häkämies, CEO (Confederation of Finnish Industries)
- Antti Kaikkonen, Member of Parliament (Centre Party)
- Aki Kangasharju, CEO (ETLA Economic Research)
- Nina Kopola, CEO (Business Finland)
- Riitta Mäkinen, Member of Parliament (Social Democratic Party)
- Riikka Pakarinen, CEO (Finnish Startup Community)
- Matti Putkonen (Finns Party)
- Reima Rytsölä, CEO (Solidium)
- Minna Vanhala-Harmanen, CEO (The Finnish Family Firms Association)
- Antti Vasara, toimitusjohtaja (VTT Technical Research Centre of Finland)
- Ben Zyskowicz, Member of Parliament (National Coalition Party)
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.
