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 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.

Saku Timonen

Head of Consumer Lending

Saku Timonen

Head of Consumer Lending

Saku Timonen, born 1972, is the Head of Consumer Lending. He has worked for the Group and been part of the Directors Team 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 has worked also as the Regional director for West-Europe and APAC region and Head of the Regions before he took the position of Head of Consumer Lending.

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

Saku Timonen holds as of 31 December 2016, directly and indirectly 172 301 shares and/or options in the Company.

Clemens Krause

Chief Financial Officer

Clemens Krause

Chief Financial Officer

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 about Credit Rating with Artificial Intelligence. 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 holds as of 31 December 2016, directly and indirectly 172 500 shares and/or options in the Company.

Ari Tiukkanen

Chief Operations Officer

Ari Tiukkanen

Chief Operations Officer

Ari Tiukkanen, born 1961, is the head of Chief Operations Officer (COO) 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 holds as of 31 December 2016, directly and indirectly 45 000 shares and/or options in the Company.