Board of Directors

The Board of Directors is elected by the General Shareholders' Meeting of Ferratum. Pursuant to Article 3 of the Articles of Association of the Company, the Board of Directors comprises no fewer than three (3) and no more than seven (7) members. The proposal for the composition of the Board of Directors is prepared by the Board of Directors.

Non-Executive

Pieter van Groos

Chairman

Pieter van Groos

Chairman

Pieter van Groos has been a member of the Board of Directors since 2015 and Chairman of the Board of Directors since 2016. He was born in 1961 in the UK and studied Business Economics and Law at the Erasmus University, Rotterdam, the Netherlands. Pieter has a strong international business leadership trackrecord in industry, management consulting and financial services with Exxon-Mobil (1986-1994), McKinsey & Company (1994-1998), General Electric (1998-2008), private equity and ventures. In banking, he served as Chairman and CEO of GE Money Bank Czech Republic, CEO of GE Money Bank Austria and held a variety of board positions of financial institutions in Switzerland and Eastern Europe.

Peter van Groos holds as of 31 December 2016 directly and indirectly 20 800 shares and/or options in the Company. He is not independent of the Company and is independent of the significant shareholders.

Erik Ferm

Member

Erik Ferm

Member

Erik Ferm has been a member of the Board of Directors since 2012. During 2012-2016 he served as the Chairman of the Board of Directors. He was born in 1966. He studied business administration at the Stockholm School of Economics in Sweden from 1986 to 1990. After graduating from university, he was a manager at Schweizerische Treuhandgesellschaft (current PwC) from 1991 to 1993, a partner at Maizels, Westerberg & Co in London from 1993 to 2000, an investment director at UBS Capital in London, a partner at Palamon Capital Partners in London until 2012 and since 2012 has been working as a director and a board member of GP Chambers and has founded Jigsaw Adoption.

Erik Ferm holds as of 31 December 2016, directly and indirectly 173 911 shares and/or options in the Company. He is independent of the Company and independent of the significant shareholders.

Juhani Vanhala

Member

Juhani Vanhala

Member

Juhani Vanhala has been a member of the Board of Directors since 2005. He was born in 1953. He studied engineering in Finland between 1974 and 1981. His management experience includes serving as the head of the reliability unit at Teollisuuden Voima Oy from 1984 to 1986, as director of risk management from 1986 to 1990 at Tapiola Insurance Company, as director of Ekono Engineering Oy from 1990 to 1993, as president and partner of RAMSE Consulting Oy between 1993 and 2001, as president of Savcor One Oy from 2001 to 2003, as CEO of VIA Group Oy and as CEO of Respace Oy between 2003 and 2006 and as Chief Development Officer at Empower Group Oy from 2006 to 2012. Currently, he works as a part time senior advisor for Empower Group, Valor and Mantec. He holds board memberships in several companies: Fira Group Oy (CoB), Sataservice Oy, Vahanen International Oy, There Corporation Oy, Workspace Oy and GordionPro Oy.

Juhani Vanhala holds as of 31 December 2016, directly and indirectly 145 051 shares and/or options in the Company. He is not independent of the Company and is independent of the significant shareholders.

Jouni Hakanen

Member

Jouni Hakanen

Member

Jouni Hakanen has been a member of the Board of Directors since 2016. He was born in 1958. Jouni has vast expertise in digital business and technology strategy, obtained in the course of both leading and building multiple international businesses and consulting companies. For the past 15 years he has been employed by Accenture, during which time he has held several leadership positions, while building the digital and technology capabilities and operations of multiple global companies. Before his consulting career Jouni has acted as managing director for international packaging companies such as Polarcup Singapore Pte Ltd and for the pharmaceutical company Leiras Singapore Pte Ltd, both of which operated in Asia. In his earlier career he has occupied several corporate leadership roles in strategy, corporate business development and marketing in international companies such as Huhtamäki Oyj and Nokia Oyj. Jouni has an academic major in Economics and International Management from the Anderson School of Management at the University of New Mexico, as well as an MBA from the Finnish Institute of Export. During the past two years he has also led Accenture’s digital strategy business in the Nordic region and was part of its core digital strategy leadership team in EMEA. Currently, he works at Taival Advisory Oy as the chairman of the board.

Jouni Hakanen holds as of 31 December 2016, directly and indirectly 750 shares and/or options in the Company. He is independent of the Company and independent of the significant shareholders.

Executive

Jorma Jokela

Chief Executive Officer

Jorma Jokela

Chief Executive Officer

Jorma Jokela is the CEO and the founder of the Company and Ferratum Group. The CEO is responsible for managing the Group’s day-to-day operations in accordance with the rules and instructions issued by the Board of Directors. Jorma Jokela was born in 1979. He studied accounting at the Commercial College of Kuopio and the Helsinki Business College. He is the founder of Jokela Capital Oy in Helsinki where he headed the company as CEO from 1998 to 2000. He subsequently sold the Jokela Capital business in 2004. In 2005, he founded the Group and has been its CEO and member of the Board of Directors since then. Jorma Jokela is currently a member of the board of Tinozza Oy, JT Capital Limited and European Recruitment Company OÜ. In addition, he acts as chairman of the board of Jokela Capital Oy and Minuntalli Oy.

Jorma Jokela holds as of 31 December 2016, directly and indirectly 12 417 470 shares in the Company. Jorma Jokela is not independent of the Company and not independent of the significant shareholders.

Lea Liigus

Head of Legal and Compliance

Lea Liigus

Head of Legal and Compliance

Lea Liigus, born 1972, is the Head of Legal and Compliance of the Group and is the CEO of Ferratum Bank p.l.c., the Group's banking subsidiary. She has been a member of the Board of Directors since 2006. She studied law at the University of Tartu in Estonia and completed Master of Laws (LL.M) Programme in Contract and Commercial Law at the University of Helsinki in Finland. Before she joined the Group in 2006, she worked as a lecturer for Commercial Law and EU law at the Estonian Business School in Tallinn and as an attorney-at-law specialized in commercial, financial law and EU law at Sorainen Law Offices in Estonia.

Lea Liigus is currently a member of the board of LL Capital Investments OÜ and LL Rent OÜ.

Lea Liigus holds as of 31 December 2016, directly and indirectly 206 301 shares and/or options in the Company. Lea Liigus is not independent of the Company and is independent of the significant shareholders.