REG - Eesti Energia AS - Appointment of new member of the board

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05/09/2024 08:15

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RNS Number : 9521C  Eesti Energia AS  05 September 2024

Appointment of new member of the board of Eesti Energia

On the 6(th) of September the contract of Andres Vainola, a member of the
board of Eesti Energia AS and the CEO of Enefit Power AS (the groups
subsidiary in charge of thermal electricity generation and liquid fuels
production) will come to an end. The Supervisory Council has appointed Lauri
Karp as the new member of the board of Eesti Energia and the CEO of Enefit
Power effective as of 7(th) of September 2024.

The decision was made by the Supervisory Counsel after having considered a
variety of candidates. Lauri Karp best suited to take Enefit Power forward in
the next phase of development and represent the company in the group's board.
Enefit Power is currently the largest subsidiary of Eesti Energia, which also
faces bigger challenges in the coming years.

Karp has worked at Eesti Energia since 2023. First as the Head of Chemical
Industry Strategy and Transformation and since April 2024 as Chief Strategy
Officer. Previously, he has worked as a member of the supervisory board of AS
Silmet Group, an energy production and logistics group operating in
Ida-Virumaa and as a member of the supervisory board of chemical industry
company AS Molycorp Silmet. He has led the Frankfurt-based financial
technology company KFPD GmbH, worked at the consulting company Springer AG
Management Consultants and at Deutsche Bank and Swedbank. Karp was also an
advisory member of the Financial Advisory Council of the Austrian state of
Salzburg.

Karp holds a master's degree in Economics, Monetary Policy and Financial
Markets from the University of Heidelberg in Germany and furthered his
education in the field of renewable energy and hydrogen economy.

Danel Freiberg
Head of Treasury and Financial Risk Management
Eesti Energia AS
Tel +372 5594 3838
danel.freiberg@energia.ee

 

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