Leadership Changes at eQ Plc Amid Health Concerns
eQ Plc has recently announced a significant shift in its leadership as CEO Mikko Koskimies has stepped down from his position due to serious health issues. This transition marks a pivotal moment for the company, emphasizing the necessity of stability during challenging times.
New Leadership Structure
In light of this development, the Board of Directors has appointed Janne Larma, the current Chair of the Board, as the Acting CEO of eQ Plc. Larma will also continue to serve as Chairman of the eQ Group’s Management Team. This decision reflects a strong desire for steady leadership amidst the organizational changes.
Georg Ehrnrooth assumes the role of Chair of the Board, contributing his extensive experience to guide the team through this transition. His collaboration with Larma is expected to ensure seamless operations as they navigate the future of the company.
Strengthening Management with New Appointments
In a further reorganization, Tero Estovirta has been appointed as the Managing Director of eQ Asset Management Ltd. His previous position as Deputy Managing Director has equipped him with the insights necessary for leading the Asset Management team effectively.
Estovirta’s promotion signifies the trust the Board has in his capabilities to enhance the company's asset management services, which have already positioned eQ as a market leader.
A Tribute to Mikko Koskimies' Tenure
Janne Larma expressed gratitude towards Mikko Koskimies for his dedicated service since 2012. His leadership has seen eQ’s Asset Management business thrive, achieving remarkable growth and establishing a strong market presence, particularly among institutional clients. Under his guidance, eQ Asset Management has consistently been recognized as the best institutional asset manager in Finland.
This acknowledgment paints a clear picture of the contributions Koskimies has made to the firm, setting a solid foundation for the team to build upon moving forward. Today, the eQ Group boasts a team of 100 skilled financial professionals, ready to face the future.
About eQ Group
eQ Group is distinguished in the Finnish financial landscape for its specialized focus on asset management and corporate finance. The firm offers a comprehensive range of asset management services, which includes private equity and real estate management for both institutional and individual clients.
The Group currently manages an impressive portfolio worth approximately EUR 13.3 billion. Additionally, Advium Corporate Finance, a key segment of the Group, specializes in mergers and acquisitions, real estate transactions, and equity capital market services.
Contact Information
For further information, please reach out to Janne Larma, Acting CEO at +358 405004366, or Georg Ehrnrooth, Chair of the Board at +358 9 6817 8777.
Frequently Asked Questions
What prompted the CEO Mikko Koskimies to step down?
Mikko Koskimies stepped down due to serious health issues, prioritizing his well-being while ensuring a smooth transition of leadership.
Who is taking over the CEO position at eQ Plc?
Janne Larma, the current Chair of the Board, has been appointed as the Acting CEO of eQ Plc.
What are the key responsibilities of Tero Estovirta now?
Tero Estovirta has been appointed Managing Director of eQ Asset Management Ltd, overseeing the firm's asset management services and operations.
How has eQ's Asset Management business performed recently?
The business has shown significant growth under Mikko Koskimies, achieving a strong market position, especially among institutional clients.
What specialized services does eQ Group offer?
eQ Group provides a range of services including asset management, private equity funds, real estate management, and corporate finance services.
