LHV Group Plans Changes in Supervisory Boards with Kairi Pauskar
Changes Proposed in the Supervisory Board of LHV Group
AS LHV Group is excited to announce that its Nomination Committee has put forward a proposal to the Supervisory Boards of both AS LHV Group and AS LHV Pank. This initiative aims to begin the process of fit and proper assessments for Kairi Pauskar, who is being considered for election as a new member of these boards. According to the company’s Articles of Association, the proposed term for her appointment would be for up to three years at LHV Group and up to five years for LHV Pank. The elections are scheduled to occur at the upcoming Annual General Meeting of LHV Group and will be conducted by the sole shareholder of LHV Pank. The official appointments will take effect following the respective decisions made by the shareholders.
Kairi Pauskar's Role and Responsibilities
Beyond her anticipated positions on the Supervisory Boards, Kairi Pauskar is expected to serve as Chair of both the Nomination Committee and the Remuneration Committee. Until she officially takes her place on the Supervisory Board, Kairi will be advising LHV Group on various HR and organizational issues, leveraging her extensive experience to help the company thrive.
Professional Background of Kairi Pauskar
Kairi's journey began at the University of Tartu, where she studied Information Technology. She launched her career in software development before moving into project management roles at Codewiser and Nortal. During her six years at Nortal, her career took a turn toward HR leadership, eventually leading her to become the HR Manager. Following that, she dedicated four and a half years of her career as an HR Architect for Wise, where she played a pivotal role in nurturing the company culture while it expanded rapidly from around 60 to over 1,200 employees. Kairi also took on the position of Head of People & Operations at Salv Technologies, a company focused on combating financial crimes. Alongside her corporate endeavors, she contributes as an entrepreneurship consultant and trainer while actively investing as an angel investor. Kairi holds complete ownership of SERBAL OÜ, an investment company. As of the date of this announcement, she does not own shares in LHV Group or any closely associated shares.
Insights from the Chairman
Rain Lõhmus, who serves as the Chairman of the Supervisory Board at LHV Group, shared his enthusiasm:
"We are thrilled to recommend Kairi Pauskar for our Supervisory Board starting from the next term. Her blend of education in technology, extensive expertise in shaping organizational culture within high-growth financial technology companies, and her proactive leadership experience as an entrepreneur will be invaluable in steering LHV towards its next phase of growth."
The Significance of LHV Group in the Financial Landscape
LHV Group stands out as the largest domestic financial group and capital provider in Estonia. The company encompasses several key subsidiaries, including LHV Pank, LHV Varahaldus, LHV Kindlustus, and LHV Bank Limited. Currently, LHV Group employs over 1,100 individuals. LHV Pank boasts a customer base of 476,000. By the end of July, the pension funds managed by LHV served 109,000 active customers, while LHV Kindlustus provided protection to 177,000 customers. Furthermore, LHV Bank Limited, a subsidiary boasting a banking license in the United Kingdom, extends banking services to international financial technology companies and offers loans to small and medium-sized enterprises.
Frequently Asked Questions
What is the proposal made by LHV Group's Nomination Committee?
The Nomination Committee proposed Kairi Pauskar for election to the Supervisory Boards of AS LHV Group and AS LHV Pank.
What is Kairi Pauskar's expected role at LHV Group?
Kairi Pauskar is expected to become a member of both Supervisory Boards and serve as Chair of the Nomination and Remuneration Committees.
What are Kairi's qualifications for this role?
Kairi has a background in IT and extensive experience in HR leadership roles, most notably in companies that have experienced significant growth.
How many employees does LHV Group have?
LHV Group employs over 1,100 people, contributing significantly to the Estonian financial sector.
What services does LHV Bank Limited provide?
LHV Bank Limited offers banking services to international fintech companies and loans to small and medium-sized enterprises.
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