Chairman

b. 1950, B.Sc. (Econ.)

Chairman of the Board of Oy Karl Fazer Ab; member of Varma’s Board of Directors since 2015, term expires in 2016

Chairman of the Boards of Lemminkäinen Corporation and Oy C.E. Lindgren Ab; Vice Chairman of the Board of UPM-Kymmene Corporation; member of the Board of Hartwall Capital Ltd.

Deputy Chairman

b. 1954, M.Sc. (Econ.)

President & CEO, Oras Invest Oy; member of Varma’s Board of Directors since 2014, term expires in 2016

Chairman of the Boards of Directors of Kemira Oyj, Oras Ltd, Tikkurila Oyj and the Federation of Finnish Technology Industries; member of the Board of Directors of EK, the Confederation of Finnish Industries.*

Deputy Chairman

b. 1959, Sea Captain

President, Finnish Confederation of Professionals STTK; member of Varma’s Board of Directors since 2014, term expires in 2015

Member of the Economic Council; and member of the Boards of Directors of the Council of Nordic Trade Unions PAY and the European Trade Union Confederation ETUC; member of the Representatives of the Finnish Centre for Pensions; member of the Supervisory Boards of Kaleva Mutual Insurance Company, the Unemployment Insurance Fund and the Education Fund.

b. 1965, M.Sc. (Admin.)

President, Finnish Metalworkers’ Union; member of Varma’s Board of Directors since 2012, term expires in 2017

Chairman of the Board of VVO Group; member of the Boards of Directors of The Central Organisation of Finnish Trade Unions SAK and VR Group; and member of the Supervisory Board of the Unemployment Insurance Fund.

b. 1965, eMBA

President & CEO, VR Group Ltd., member of Varma’s Board of Directors since 2010, term expires in 2015

Chairman of the Board of Nordic Cinema Group; member of the Boards of Directors of the Confederation of Finnish Industries EK, the Finnish National Theatre, the Service Sector Employers PALTA, Altia Finland, The Finnish-Russian Chamber of Commerce and East Office of Finnish Industries; and member of the Board of Trustees of the Savonlinna Opera Festival Patrons’ Association.*

b. 1968, M.Sc. (Admin.)

Chairman of the Board of Lappset Group Ltd; member of Varma’s Board of Directors since 2009, term expires in 2016

Chairman of the Board of FEPI – the Federation of European Play Industry; Deputy Chairman of the Board of Directors of Finpro; and member of the Board of Directors of Kunnan Taitoa Oy.*

b. 1960, M.Sc. (Econ.)

Executive Vice President, Nordea Bank AB (publ); member of Varma’s Board of Directors since 2010, term expires in 2015

Deputy Chairman of the Board of the Federation of Finnish Financial Services; member of the Supervisory Boards of the Finnish Business and Policy Forum EVA and the ETLA Research Institute of the Finnish Economy; and member of the Board of the Foundation for Economic Education.*

b. 1967, MBA

President & CEO, Uponor Corporation; member of Varma’s Board of Directors since 2015, term expires in 2017

Member of the Boards of the Association of the European Heating Industry (EHI) and the European Plastic Pipes and Fittings Association.*

b. 1970, LL.M.

CEO of Mandatum Life Insurance Company Limited, member of Varma’s Board of Directors since 2014, term expires in 2017

Chairman of the Board of Directors of Kaleva Mutual Insurance Company; member of the Boards of Alma Media Corporation and Benco Insurance Holding B.V. (Netherlands); and member of the Life Insurance Executive Committee of the Federation of Finnish Financial Services.*

b. 1965, LL.M.

Director of the Confederation of Finnish Industries EK, member of Varma’s Board of Directors since 2015, term expires in 2015

Member of the boards of the Finnish Centre for Pensions, the Federation of Accident Insurance Institutions (TVL) and the Social Insurance Institution (Kela).

b. 1964, M.Sc. (Econ.)

President & CEO, Alma Media Corporation; member of Varma’s Board of Directors since 2009, term expires in 2017

Chairman of the Board of Talentum Oyj and member of the Board of Teleste Oyj.*

b. 1953, B.Sc. (Econ.)

Member of Varma’s Board of Directors since 2011, term expires in 2016

Chairman of the Board of the KAUTE Foundation; member of the pension working group of the Confederation of Unions for Academic Professionals Akava; and Chairman of the Executive Committee of Investments of the Finnish Business School Graduates.

b. 1945, B.Sc. (Econ.)

Deputy member of Varma’s Board of Directors since 1998, term expires in 2016

Chairman of the Boards of TS Group and Salon Seudun Sanomat Oy.*

b. 1952, M.Sc. (Econ.)

Finance Director and member of the Management Group of the Central Organisation of Finnish Trade Unions SAK; deputy member of Varma’s Board of Directors since 2012, term expires in 2016

Chairman of the Board of Asuntosäätiö; Internal Auditor for the International Trade Union Confederation (ITUC); and member of the International Solidarity Fund Management Board.

b. 1960, M.A. (Educ.)

Chairman of the Board and Managing Director, Leinovalu Oy; deputy member of Varma’s Board of Directors since 2011, term expires in 2016

Member of the Boards of Metsä Board Corporation, Elomatic Oy, and the Federation of Finnish Technology Industries; and member of the Supervisory Boards of the Finnish Business and Policy Forum EVA and ETLA, the Research Institute of the Finnish Economy.*

b. 1956, M.Sc. (Econ.)

President & CEO, Metsä Group; member of Varma’s Board of Directors since 2013 and Chairman since 2014

Chairman of the Boards of Directors of Metsä Board Corporation, Metsä Tissue Corporation, Metsä Fibre Corporation and the Central Chamber of Commerce; Vice Chairman of the Board of the Finnish Forest Industries Federation and the Confederation of Finnish Industries EK; in addition, holds several board memberships in various foundations and associations.*

Term ended 31 December 2014.

b. 1950, LL.M.

Labour Market Director, the Confederation of Finnish Industries EK; member of Varma’s Board of Directors since 1998

Member of the boards of the Finnish Centre for Pensions, the Federation of Accident Insurance Institutions (TVL) and the Social Insurance Institution (Kela).

Term ended 31 December 2014.

b. 1953, B.Sc. (Econ.)

Member of Varma’s Board of Directors since 2009

Member of the Boards of Onninen Oy, Fiskars Corporation, Oriola-KD Oyj, Onvest Oy, Royal Unibrew A/S, the Finnish-Swedish Chamber of Commerce, the TT Foundation and Scandi Standard AB (publ).

Term ended 31 December 2014.