Finance in Finnish: Gref has found a new star for Sberbank

The head of Sberbank German Gref at a briefing following the meeting of the Supervisory Board of Sberbank of Russia

The shareholders of Sberbank was recommended to elect to the Supervisory Board Esko Tapani Aho. On Thursday, 17 March, said the head of the state Bank German Gref. “We are honored that he has been nominated by minority shareholders and, second, that he consented to be nominated,” said Gref, adding that Aho “well respected man” and “heavily into high technology market”.

The shareholders ‘ meeting of Sberbank scheduled for may 27. Only the Council nominated 15 candidates, and they compete for 14 seats. This means that, if Aho will join the Council, some of its current members leave.

Esko Aho was born in 1954 in the Finnish region of Veteli and at 20 began his political career, heading the Finnish Centre youth. In 1980 he began working in the municipality of Kannus because of what she was nicknamed Kanoski Kennedy (the Finns have compared it to the American President John Kennedy). In 1983, ACS became a member of the Finnish Parliament, and in 1991, at the age of 36, Prime Minister of Finland. At that time, Aho was the youngest Prime Minister in Europe. As Prime Minister Aho had worked for four years. In the early 1990s, the government AXO collided with a deep depression in the economy and was forced to pursue a policy of austerity and spending cuts, which angered the population, in 1995 Aho lost the election. Aho as head of the government has made great efforts to ensure that Finland joined the EU in 1995.

In 2000, Aho ran for President from the political party “the Finnish centre”, but lost the election to the candidate of the social Democrat Tarja Halonen. In 2008, one of the largest Finnish companies, Nokia, has appointed Aho Vice President, responsible for corporate communications, in 2012 he left the Board of the company, but remained its Advisory partner. In the same year, ACS became a senior fellow at Harvard University. 2010 AXO is on the Board of the Fund “SKOLKOVO”.

AXO — old friend Gref, says the source of RBC, close to Sberbank. “Since the work of Gref in St. Petersburg, and then and in the Russian government,” he adds. During the work of the AXO Prime Minister Gref has held various positions in property Committee of St. Petersburg. Aho was a supporter of cooperation with Russia and partnership with its border regions. Have been here several times including to Karelia, St. Petersburg, Leningrad and Murmansk regions. Now Aho heads the Russian-Finnish counsel.

“The choice of Sberbank can be called logical, — said the Chairman of the Supervisory Board, independent Directors Association Alexander Ikonnikov. — Company-level savings not may invite the Board of Directors of the unfamiliar person”. According to him, the Prime Minister is a public position that assumes that many people know and experience in global companies such as Nokia, means that he has experience making large-scale decisions in public companies.

“The third advantage of this candidate is that he is one of the Scandinavian countries, and investors from the region are investing a significant proportion of their assets in Russia, the arrival of AXO will be a positive sign for them,” said Ikonnikov. Also Aho is associated with Europe, where Sberbank has an appreciable part of the business, so he can advise the management of the state Bank on matters related to the conduct of business there, the expert concludes.