Multitude Achieves Board Diversity Milestone Ahead of Schedule
May 29 2024 - 1:30AM
Multitude Achieves Board Diversity Milestone Ahead of Schedule
Multitude Achieves Board Diversity Milestone Ahead of
Schedule
Helsinki, 29 May 2024 – Multitude SE, a listed European FinTech
company, offering digital lending and online banking services to
consumers, small and medium-sized businesses, and other FinTechs
(ISIN: FI4000106299, WKN: A1W9NS) (“Multitude”, “Company” or
“Group”) has surpassed its 2025 diversity target for the Board of
Directors, achieving 50% female representation as of 25 April 2024.
This significant milestone aligns with the company’s commitment to
promoting diversity and inclusivity at the Board and management
level as part of Multitude’s ESG strategy.
The Annual General Meeting (“AGM”) confirmed the number of Board
members at six. It re-elected Goutam Challagalla, Jorma Jokela,
Kristiina Leppänen, Lea Liigus, and Ari Tiukkanen.
Additionally, Marion Khüny was elected as a new member of the
Board of Directors for a term ending at the next AGM, as well as a
member of the Audit Committee, and Chairperson of the Risk
Committee, key positions that will benefit from her expertise and
further strengthen our commitment to diversity.
"We are delighted to have Marion Khüny join our Board of
Directors. Her extensive background in finance and governance is an
excellent addition to the company and positions us strongly for the
future. With her appointment, we now have an equal representation
of men and women on our Board of Directors. This milestone reflects
our strong commitment to diversity and inclusion, not only at the
Board of Directors but all of Multitude," Jorma Jokela, CEO of
Multitude, commented on the appointment.
“I am looking forward to working with Jorma and the rest of the
Board of Directors. I strongly believe that Multitude’s goal of
democratising financial services to the underserved is vital in
today's economic situation in Europe”, said Marion Khüny. “I
believe that a vital part of Multitude’s operations is its risk
management, and as part of the Audit and of the Risk Committee I am
happy to further strengthen its focus on financial stability of its
business model and the reduction of risks.”
Marion Khüny has over 30 years of experience in senior financial
and leadership positions within commercial and investment banking
and portfolio management. Her background includes significant roles
in supervisory board governance and risk management. Since May
2022, she has been a member of the Supervisory Board at Valiant
Holding AG and Erste Group Bank AG, where she contributes to the
Audit, Risk, and IT Committees. Marion holds a master’s degree in
International Business Administration from the
Leopold-Franzens-Universität in Austria.
This achievement aligns with the EU directive aiming to improve
gender balance on company boards, which sets a target of 40% of
non-executive directors being members of the underrepresented sex
by June 2026. Multitude has successfully surpassed this target with
a 50% representation of women both among directors and
non-executive directors. Visit our website for further details on
the company’s corporate governance and diversity initiatives
https://www.multitude.com/esg/diversity-and-inclusion.
In line with our diversity achievements, Multitude is proud to
join the EU in celebrating Diversity & Inclusion Month
Promoting Diversity in the EU in 2024 (eudiversity2024.eu).
Contact:
Lasse MäkeläChief Strategy and IR Officer Phone: +41 79 371 34
17 E-Mail: Lasse.makela@multitude.com
About Multitude SE:
Multitude is a listed European FinTech company, offering digital
lending and online banking services to consumers, small and
medium-sized businesses, and other FinTechs overlooked by
traditional banks. The services are provided through three
independent business units, which are served by our internal
Banking-as-a-Service Growth Platform. Multitude’s business units
are consumer banking (Ferratum), SME banking (CapitalBox), and
wholesale banking (Multitude Bank). Multitude Group employs over
700 people in 25 countries and offers services in 16 countries,
achieving a combined turnover of 230 million euros in 2023.
Multitude was founded in Finland in 2005 and is listed on the Prime
Standard segment of the Frankfurt Stock Exchange under the symbol
'FRU'.
Multitude (TG:FRU)
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