Changes in Supervisory Board of LHV Varahaldus
October 25 2022 - 9:30AM
Changes in Supervisory Board of LHV Varahaldus
AS LHV Group, the sole shareholder of AS LHV Varahaldus resolved
on October 24, 2022 to appoint Kadri Kiisel as a new member of the
Supervisory Board of AS LHV Varahaldus for a term beginning on the
date of the resolution and ending on March 31, 2022. On the same
date, Erki Kilu was recalled from the Supervisory Board.
Kadri Kiisel is the Chairman of the Management Board of AS
LHV Pank since 2021 and a Member of the Supervisory Board of AS LHV
Finance. In 2022, she was appointed to the supervisory board of
EveryPay AS. She managed retail banking of AS LHV Pank since 2018
as a Member of the Management Board and has also been the CEO of AS
LHV Finance. From 2011, Kiisel worked as the manager of the AS LHV
Pank’s Tallinn branch and since 2017 she was the Head of Branches
of AS LHV Pank. She also belongs to the Management Board of the
Estonian Banking Association. Kadri Kiisel has a Master’s degree in
Financial Management from the University of Tartu. She together
with a related person hold 186,040 shares of AS LHV Group and she
has the right to acquire a total of 539,180 shares of AS LHV Group
for the options issued in 2020, 2021 and 2022.
Madis Toomsalu, the Head of LHV Group and Chairman of the
Supervisory Board of LHV Varahaldus, commented on the proposed
change as follows: ‘LHV Varahaldus and LHV Pank have similar
ambitions when it comes to growth plans and client overlap. In
order to achieve the overlapping plans, a solid cooperation between
LHV Pank and LHV Varahaldus is needed, making it rational to
readjust the composition of the Supervisory Board for it to better
match the goals. Kadri’s joining the Supervisory Board is
beneficial to that aim.’
LHV Group is the largest domestic financial group and capital
provider in Estonia. LHV Group’s key subsidiaries are LHV Pank, LHV
Varahaldus, and LHV Kindlustus. The Group employs more than 840
people. As of September, LHV’s banking services are being used by
364,000 clients, the pension funds managed by LHV have 130,000
active clients, and LHV Kindlustus protects a total of
152,000 clients. LHV’s UK branch offers banking infrastructure
to 200 international financial services companies, via which LHV’s
payment services reach clients around the world.
Marthi LepikCommunications SpecialistPhone: +372 5666 2944Email:
marthi.lepik@lhv.ee
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