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

The new members of the Supervisory Board are: Riitta Laitasalo, Senior Vice President, Human Resources, Kesko Corporation; Ilkka Nokelainen, Chief Shop Steward, Stora Enso; Jari Paasikivi, President & CEO of Oras Invest Oy; and Saana Siekkinen, Development Director, the Central Organization of Finnish Trade Unions (SAK).

Continuing as Supervisory Board members are: Juri Aaltonen, Martti Alakoski, Berndt Brunow, Erkki Etola, Stig Gustavson, Ilkka Hallavo, Tauno Heinola, Kari Jordan, Tapio Korpeinen, Tapio Kuula, Päivi Kärkkäinen, Olli Luukkainen, Hannu Penttilä, Antti Piippo, Markus Rauramo, Pertti Saarela, Kari Sairo, Mika Seitovirta, Antti Sippola, Pekka Soini, Jorma J. Takanen, Kari Virta, Anssi Vuorio 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. Members of the Supervisory Board are insured under Article 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 investor in Finland. The company is responsible for the statutory earnings-related pension cover of more than 870,000 people. Premiums written totalled EUR 4.0 billion in 2011 and pension payments stood at EUR 4.2 billion. The company's investment portfolio amounted to EUR 31.9 billion at the end of 2011.

For more information, please contact:
Timo Kaisanlahti, Senior Vice-President, Administration, Chief Legal Counsel, tel. +358 10 244 7604
Satu Perälampi, Senior Vice-President, Communications, tel. +358 10 244 3075

Further information on Varma's services for the media at www.varma.fi/en > About Varma > Media services.