The Management Board is a governing body which represents and manages the Company in its daily activity in accordance with the law and the Articles of Association. The Management Board has to act in the best economic interests of the Company. According to the Articles of Association, Harju Elekter’s Management Board may have 1-5 members who are elected by the Supervisory Board for a period of three years. The Supervisory Board appoint also the chairman and the members as well as remove a member of the Management Board. Every member of the Management Board may represent the Company in all legal acts.
At its 16 March 2020 meeting, the Supervisory Board of AS Harju Elekter Group appointed Tiit Atso, Member of the Management Board and CFO, as the Chairman of the Management Board of the company, effective from 04 May 2020. The Management Board of the company has three members: Tiit Atso (Chairman and CEO) and Aron Kuhi-Thalfeldt (Member, Head of Real Estate and Energy Services) and Priit Treial (Member, CFO).
The member of the Board is remunerated according to the contract of service. The member of the Board is entitled to receive a severance payment in the amount of 8 months’remuneration of a member of the Management Board.
The members of the Managing Board participate in the work of the management and control bodies of the Group’s subsidiaries. Outside of Estonia compliance with good corporate governance is ensured by the local managements of the companies.
Tiit Atso
Chairman of the Management Board, CEO
Education: Tallinn University of Technology
Career:
2015 – 2020 AS Harju Elekter (since 2023 AS Harju Elekter Group), CFO of the Group
2014 – 2015 AS Harju Elekter, Chief Economist
2012 – 2014 AS Viru Keemia Grupp, Project Finance Manager
Participation in the management bodies of business organisations:
He is on the board of Skeleton Technologies Group and is Chairman of the Board of AS Harju Elekter. In Harju Elekter Oy, Harju Elekter UAB, Telesilta Oy and Harju Elekter AB, he is the Chairman of the Management Board. In addition, he is Chairman of the Board in Harju Elekter Oy, Harju Elekter UAB, Telesilta Oy and Harju Elekter AB; Member of the Board in Harju Elekter Kiinteistöt Oy, LC DEVELOPMENT FASTIGHETER 17 AB and Harju Elekter Services AB.
As of 31.12.2022, Tiit Atso owns 15,500 Harju Elekter shares. He has direct participation 0.08%. He doesn’t have indirect holdings.
Aron Kuhi-Thalfeldt
Member of the Management Board, Chief of Real Estate and Energy Services
Education: Tallinn University of Technology
Career:
2016 – AS Harju Elekter (since 2023 AS Harju Elekter Group), Member of the Management Board
2007 – AS Harju Elekter, Head of Real estate and Energy Services department
2003 – 2007 AS Harju Elekter, Construction and Energy Services department engineer
Participation in the management bodies of business organisations:
He belongs to the Supervisory Board of AS Harju Elekter. In addition, he is the Chairman of the Board in Harju Elekter Kiinteistöt Oy, Harju Elekter Services AB and LC DEVELOPMENT FASTIGHETER 17 AB and a Member of the Board in Harju Elekter Oy, Harju Elekter UAB, Telesilta Oy, Harju Elekter AB.
As of 31.12.2022, Aron Kuhi-Thalfeldt owns 25,529 of Harju Elekter shares. He has direct participation 0.14%.
He doesn’t have indirect holdings.
Priit Treial
Member of the Management Board, CFO
Education: University of Tartu
Career:
2022 – AS Harju Elekter (since 2023 AS Harju Elekter Group), CFO & Member of the Management Board
2018 – 2022 Elektrilevi OÜ, CFO & Member of the Management Board
2016 – 2018 Eesti Energia AS, Chief Financial Controller
2014 – 2016 BPT Real Estate, Group Business Controller
2008 – 2014 BPT Real Estate, Senior Investment Analyst
Participation in the management bodies of business organisations:
He is a partner and Member of the Board in the company PHT Chemicals OÜ. He is a Member of the Board of AS Harju Elekter, Harju Elekter Oy, Harju Elekter UAB, Telesilta Oy, Harju Elekter AB, Harju Elekter Kiinteistöt Oy, Harju Elekter Services AB and LC DEVELOPMENT FASTIGHETER 17 AB.
As of 31.12.2022, Priit Treial does not own shares in Harju Elekter.