Varma’s Annual General Meeting appoints two new members to Supervisory Board

The new members of the Supervisory Board are Matti Rihko, CEO of Raisio plc, and Jorma Vehviläinen, Executive Vice President of SOK.

Continuing as Supervisory Board members are: Tapio Kuula (Chairman), Martti Alakoski (Deputy Chairman), Juri Aaltonen, Berndt Brunow, Petri Castrén, Erkki Etola, Stig Gustavson, Tauno Heinola, Tapio Korpeinen, Päivi Kärkkäinen, Olli Luukkainen, Ilkka Noke-lainen, Lauri Peltola, Hannu Penttilä, Juhani Pitkäkoski, Pertti Saarela, Kari Sairo, Mika Seitovirta, Saana Siekkinen, Jorma J. Takanen, Arja Talma, Leena Vainiomäki, Kari Virta, Anssi Vuorio, Satu Wrede and Göran Åberg.

The Annual General Meeting decided that the Supervisory Board’s remuneration would remain unchanged. The annual remuneration of the Chairman of the Supervisory Board is EUR 5,000, of the Deputy Chairmen EUR 3,800 and of the members, EUR 2,500. Additional remuneration of EUR 300 is paid per meeting. Mem-bers of the Supervisory Board are insured under Section 8 of the Employees Pensions Act TyEL, and a TyEL contribution is paid on the meeting fee.

Varma Mutual Pension Insurance Company is the largest earnings-related pension insurer and private investor in Finland. The company is responsible for the statutory earnings-related pension cover of nearly 870,000 people in the private sector. Premiums written totalled EUR 4.3 billion in 2013 and pension payments stood at EUR 4.8 billion. Varma’s investment portfolio amounted to EUR 37.7 billion at the end of 2013.

For more information, please contact: Satu Perälampi, Senior Vice-President, Communications, tel. +358 10 244 3075 or +358 40 526 3388