Directors Team

The Directors Team meets on weekly basis and its main task is to support the Ferratum's CEO with operational planning and execution of the Ferratum's targets. The Directors Team is responsible for the different business management areas and among other duties, decides and coordinates the Group's action plans and also supervises the realization of plans and reporting. The Directors Team is respectively responsible for the implementation of the adopted decisions in their own areas of responsibility.

Jorma Jokela

Chief Executive Officer

Jorma Jokela

Chief Executive Officer

Jorma Jokela is the CEO and the founder of the Company. 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 since then.

As of 30 September 2015 Jorma Jokela, directly and indirectly, holds 12 451 470 of the existing shares in the Company. In 2014, Jorma Jokela received a total salary and bonuses of 198 185 €.

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 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.

Lea Liigus holds directly and indirectly 178 301 shares and/or options in the Company.

Saku Timonen

Head of Regions

Saku Timonen

Head of Regions

Saku Timonen, born 1972, is the Head of Regions and has worked for the Group since 2009. He studied marketing and finance & economics at the Helsinki School of Economics and Business Administration between 1996 and 2001. From 2000 to 2006 he was marketing planner, product manager and relations manager at Sampo Bank, from 2006 to 2009 he worked as product manager of unsecured products at GE Money Oy. At the Group he was initially the head of lending, COO and Regional director for West-Europe and APAC region before he took the position of Head of the Regions.

Saku Timonen is currently a member of the board of Herhiläinen OÜ and As Oy Vihdin Kappalaisenpolku.

Saku Timonen holds as of 30 September 2015, directly and indirectly 144 301 shares/or options in the Company.

Clemens Krause

Head of Finance

Clemens Krause

Head of Finance

Clemens Krause, born 1962, is the Company's CFO and the managing director of Ferratum Germany GmbH. He studied business administration at the Westfälische Wilhelms-Universität in Münster. From 1989 to 1994 he worked at the Institut für Rechnungswesen in Münster and completed his PhD thesis. In 1994, he joined Bankgesellschaft Berlin AG where he worked as a manager and director of Project Finance. Later on he held management positions in Germany at Deutsche Bahn, E-Loan Europe, E*Trade Germany, GE Money Bank (General Electric) and Commerzbank. Since 2008 he has been the CEO and owner of EXCELLENCE Wealth Management GmbH and joined the Group in January of 2012 as its CFO.

Clemens Krause is currently managing director of Excellence Wealth Management GmbH.

Clemens Krause holds as of 30 September 2015, directly and indirectly 144 500 shares/or options in the Company.

Ari Tiukkanen

Commercial Director

Ari Tiukkanen

Commercial Director

Ari Tiukkanen, born 1961, is the head of Commercil and Operations of the Group and he has worked for the Group since 2015. He studied industrial engineering at Jyväskylä University of Applied Sciences and graduated as BSc (engineering) 1986. His management experience includes serving as a head of Building & Industry business at Metsä Wood from 2012 to 2015, as CEO of Icare Finland / Revenio Group from 2008 to 2012, as commercial director of Paloheimo Group from 2006 to 2008, as head of Building Products business line at Finnforest from 1999 to 2006, as various management positions at Halton Group from 1992 to 1999.

Ari Tiukkanen is currently member of the board of Confederation of Finnish Construction Industries and Finnish Standards Association SFS.

Ari Tiukkanen holds as of 30 September 2015, directly and indirectly 17 000 shares/or options in the Company.

In 2015, the members of the Directors team (excluding Jorma Jokela) received salaries and bonuses of €1,337,000 and share-based payments of €262,000