Board of directors
Erik Selin
born 1967, Business school economist, CEO and Board Member, Fastighets Ab Balder,
Board member since 2015, Chairman of the Board since March 2016, independent of the company, not independent of the main shareholders
Swedish national
Primary working experience:
Fastighets AB Balder: CEO and Board Member since 2005
Owner of several companies in real estate business
Main positions of trust:
Brinova Fastigheter AB: Chairman of the Board of Directors
K-Fast Holding AB: Chairman of the Board of Directors
Skandrenting AB: Chairman of the Board of Directors
Norion Bank AB: member of the Board of Directors
Hexatronic Group AB: member of the Board of Directors and member of the Remuneration Committee
Hedin Mobility Group AB: member of the Board of Directors
Neudi & C:o AB: member of the Board of Directors
Esa Lager
born 1959, LL.M., M.Sc. (Econ.)
Board member since 2014, Chairman of the Board 2015—2016, Deputy Chairman of the Board 2014—2015 and since 2021, independent of the company and its main shareholders
Finnish national
Primary working experience:
Outokumpu Oyj: Deputy to the CEO 2011—2013, Executive Vice President - Chief Financial Officer 2005—2013, Executive Vice President of Finance and Administration 2001—2004, Corporate Treasurer 1995—2000, Assistant Treasurer 1991—1994
Kansallis Banking Group: various specialist and managerial positions in the overseas operations of the Head Office and London Branch 1984—1990
Main positions of trust:
Ilkka-Yhtymä Oyj: Deputy Chairman of the Board of Directors
Alma Media Corporation: member of the Board of Directors
GRK Infra Oy: member of the Board of Directors
Ming Eng
born 1990, M.Sc. Management Science
independent of the company, non-independent of the main
shareholders, no holdings in SATO Group companies, no holdings in SATO Group companies through controlled entities
Dutch national
Primary working experience:
Senior Portfolio Manager Real Estate Europe, APG Asset Management, The
Netherlands, 2022 –
Research Analyst (Listed) Real Estate Europe, Morgan Stanley Investment
Management, 2016 – 2022
Investment Analyst, UBS Group, 2013 – 2016
Tarja Pääkkönen
born 1962, Ph.D (Corp.Strategies), M.Sc. (Const. & Architecture), Executive Partner of Boardman Ltd, Board member since 2013, independent of the company and its main shareholders
Finnish national
Primary working experience:
Boardman Ltd: Executive Partner, 2010—
Boardman Ltd: Executive Partner and Chairman of Brand Compass Group 2010—2019
Itella Corporation: Senior Vice President, Corporate Sales and Marketing and member of Executive Board 2005—2010
Nokia Corporation: Member of the Management Board of Nokia Mobile Phones and several global Senior Vice President positions in Europe, the USA and Asia 1994—2004
Mecrastor Oy (PwC): Management Consultant 1992—1994
Kienbaum KmbH, Germany: Management Consultant 1990—1992
Main positions of trust:
Andiata Oy: Advisor Board, Chairman
Panostaja Oyj: member of the Board of Directors
United Bankers Oyj: member of the Board of Directors and member of Remuneration Committee
YLVA: member of the Board of Directors and member of Remuneration Committee
GRK Infra Oy: member of the Board of Directors
Sharam Rahi
born 1973, Board member since 2021
Non-independent of the company or its main shareholders
Swedish national
Primary working experience:
Fastighets AB Balder, vice President since 2005
Main positions of trust:
Member of the Board for several Balder companies
AMA Group I Borås A: member of the Board of Directors
Timo Stenius
born 1956, M.Sc. (Constr. Eng.), Board member since 2015, independent of the company and its main shareholders
Primary working experience:
Worked as a director responsible for Elo Mutual Pension Insurance Company's real estate investments as well as all unlisted investments 2014—2020.
Since 1990, he has been a member of the Board of property investment and development in a listed company Polar Yhtymä Oyj and Polar Kiinteistöt Oyj, and since 2001, as the director responsible for a pension insurance company Eläke-Fennia's property investments, corporate financing and non-listed equity investments. In addition, in 1982—1988 he was involved in project export tasks targeted at the Soviet Union in Finn-Stroi Oy.
Main positions of trust:
S-Pankin Kiinteistöt Oy: Member of the Board of Directors
Tyvene Oy: Chairman of the Board of Directors
Avara Oy: Deputy Chairman of the Board of Directors