Supervisory Board

According to the Articles of Association, AS Harju Elekter’s Supervisory Board has 3-5 members. The members are elected by the general meeting for a period of five years. The Supervisory Board plans the activities of the Company, organises the management of the Company and supervises the activities of the Management Board. The Supervisory Board meets according to need but not less frequently than once every three months. A meeting of the Supervisory Board has a quorum when more than half of the members participate.

On 27 April 2017, the AGM assigned a five-member Supervisory Board  as follows: Endel Palla, Arvi Hamburg, Aare Kirsme, Triinu Tombak and Andres Toome. The authorities of the  members of the Supervisory Board  will expire on 3 May 2022. The chairman of the Supervisory  Board is Endel Palla. Endel Palla has been working in AS Harju Elekter since 1969.

The Group does not give the members of the Supervisory Board any benefits related to pension, more than provided by the law. Only exception is Chairman of the Supervisory Board, who is entitled to termination benefits that may extend to 6 monthly remuneration of a development manager.

As at the end of 2020, the members of the company’s supervisory board held a total of 9.45% (2019: 9.45%) of the company’s shares directly and via indirect holdings.

Endel Palla

Chairman of the Supervisory Board

Education: Tallinn University of Technology, engineer

Career:
1969-1983 Harju KEK, manager of electrical equipment production division
1983-1999 Harju Elekter, included 1991-1999 AS Harju Elekter CEO/CH of the Management Board
1999-         Chairman of the Supervisory Board of AS Harju Elekter, Development Manager

Participation in the management bodies of business organisations
AS Harju Elekter Elektrotehnika, AS Harju Elekter Teletehnika, AS Entek – member of the Supervisory Board; Satmatic Oy – member of the Management Board

Endel Palla owns 1,256,500 Harju Elekter shares. He has direct participation 6.97% and indirect participation 0.36%.

Arvi Hamburg

Member of the Supervisory Board

Education: Tallinn University of Technology, Ph.D of Energy and Geotechnology

Career:
1966-1986 Põhja Kõrgepingevõrgud, since 1982 Deputy Director
1968-1987 Eesti Energiajärelvalve, Chief Engineer
1987-1990 Eesti Energia, Vice President
1990-1992 Estonian Industry and Energy Ministry, Deputy Minister
1992-2001 Estonian Ministry of Economy, Deputy Chancellor, General Secretary
2001-2011 Eesti Gaas, councillor 2006-2011 TUT, a guest lecturer
2012-2016 Tallinn University of Technology, Professor, Dean of the Faculty of Power Engineering
2017-2020 Tallinn University of Technology, Visiting Professor
2003-         Chartered electrical engineer, level 8
2012-         European Engineer (EUR ING)
2018-         Old Town Education College, Technology teacher

Participation in the management bodies of business organisations and social activities:Chairman of the Board of Advisors of Tallinna Tehnikakõrgkool; Chairman of the Supervisory Board of Kehtna Vocational Education Center; Member of the Supervisory Board of AS Exomatic and SA Kutsekoda Tehnika, tootmine ja töötlemine; Head of the
Energy Council of Estonian Academy of Sciences; Member of the Estonian National
Committee in World Energy Council; Member of the scholarship council at HTM Haridus and Kristjan Jaagu program; Vice-Chairman of the Board of the Estonian Electric Power Society; Chairman of MTÜ Eesti Klubi Vanematekogu

Arvi Hamburg owns 7,500 Harju Elekter shares. He has direct participation 0.04%. He doesn’t have indirect holdings.

Aare Kirsme

Member of the Supervisory Board

EducationInstitute of Justice (since 2001 UT Faculty of Law), law

Career:
1998–1999 Estonian Land Board, lawyer
2000–2013 AS Harju KEK, legal consultant
2002–2011 AS Devest, lawyer
2012– AS Harju KEK, Chairman of the Supervisory Board, since 2017 Member of the Supervisory Board

Aare Kirsme owns 235,750 Harju Elekter shares. He has direct participation in share capital 1.31% and indirect participation 0.20%

Triinu Tombak

Member of the Supervisory Board

Education: Tallinn University of Technology, economist

Career:
1993 – 1998 Estonian Investment Bank, Optiva Bank; loan department, investment department
2001 – 2009 World Bank Publishing department, Consultant, since 2006 Sales Manager of on-line databases and e-Library
2014 –         TH Consulting OÜ, Manager

Social activities
2013– 2019 Praxis Center for Policy Studies, Member of the Supervisory Board

Triinu Tombak owns 15,000 of Harju Elekter shares. She has direct participation 0.08%. She doesn’t have indirect holdings.

Andres Toome

Member of the Supervisory Board

Education: Tallinn University of Technology, economics and business administration

Career:
1992 – 1999 Estonian Bank, Estonian Investment Bank, Optiva Bank and Sampo Bank Estonia, head of investment dept.
1999 – OÜ Tradematic, manager

Participation in the management bodies of business organisations
OÜ Proformex – member of the Supervisory Board; AS Harju KEK, AS Entek, AS KMV, AS Laagri Vara, OÜ KEK Kinnisvara, AS Tallinna Olümpiapurjespordikeskus – member of the Supervisory Board; Harju Elekter UAB, Harju Elekter AB, OÜ Tradematic, 30pluss OÜ, Hermes Worldwide OÜ – member of the Management Board.

Andres Toome owns 37,500 of Harju Elekter shares. He has direct participation 0.21% and indirect participation 0.34%.