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The President and CEO and Leadership Team

The President and CEO manages the day-to-day administration of the Group in accordance with the instructions and orders issued by the Board of Directors. The Leadership Team is responsible for VR’s operational management and the company’s development.

The President and CEO manages the day-to-day administration of the Group in accordance with the instructions and orders issued by the Board of Directors. The President and CEO is appointed and dismissed by the company’s Board of Directors, which also determines the President and CEO’s remuneration.

Elisa Markula (born 1966) has served as VR-Group Plc’s President and CEO since 30 August 2022. Before joining VR, she worked as the Managing Director of Oriola Oyj and Tikkurila Oyj, as the Director of Paulig Group’s Coffee division, and in several management positions in sales and marketing at various companies. Markula is also the Vice Chair of the Board of the Finland Chamber of Commerce and a member of the Board of Directors of Nokian Tyres Plc.

At the end of 2024, VR Leadership Team comprised ten (10) members and the President and CEO, to whom the members of the Leadership Team report. The Leadership Team is responsible for VR’s operational management and the company’s development. The members meet regularly and assist the President and CEO in the planning and implementation of the VR’s strategy, annual planning, monitoring of targets, financial reporting, and risk management. They also prepare proposals for investments and other necessary decisions. In addition, the members of the team are responsible for developing a strong corporate culture and consistent internal operating models for VR. In 2024, the Leadership Team met primarily once a month.