LHV Finance elected Heidy Kütt as the new CEO
January 18 2023 - 4:30AM
LHV Finance elected Heidy Kütt as the new CEO
The Supervisory Board of AS LHV Finance, belonging to the AS LHV
Group consolidation group, resolved to elect Heidy Kütt as the
company’s new Member of the Management Board. Kütt was elected as
the CEO for a five year term starting as of today, 18 January.
According to Kadri Kiisel, the Chairman of the Supervisory Board
of LHV Finance, Heidy Kütt has long experience in the financial
sector and has proven herself as a capable manager of people and
processes. "Heidy's extensive experience in the company gives
confidence that, under the leadership of the new manager, in the
changing environment LHV Finance will manage to maintain strong
credit quality, as well as ensure the reliable service necessary
for customers and continue responsible lending to consumers,"
Kiisel said.
"We are grateful to Mari-Liis Stalde, the leaving CEO of LHV
Finance, under whose leadership LHV Finance was able to focus on
restoring growth after the health crisis and implemented a number
of important changes that have given the company flexibility in
reaching customers," Kadri Kiisel added.
Heidy Kütt has been working at LHV since 2017. She has been the
head of the customer service and credit analysis department of LHV
Finance and since 2019 also the service manager of LHV Bank's loan
products. She has acquired a business management degree at the
Estonian Business School and studied psychology at Tallinn
University. Heidy Kütt holds 18,930 shares of AS LHV Group, and in
addition, can acquire a total of 62,340 shares for options issued
in 2020, 2021 and 2022.
AS LHV Finance is a subsidiary of AS LHV Pank. It is a consumer
credit company operating in Estonia that offers customers unsecured
small loans and hire purchase. The company has nearly 35,000 active
credit customers.
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 880
people. As at the end of November, LHV’s banking services are being
used by 374,000 clients, the pension funds managed by LHV have
131,000 active clients, and LHV Kindlustus protects a total of
150,000 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.
Priit RumCommunication ManagerPhone: +372 502 0786Email:
priit.rum@lhv.ee
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