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Structure and management


  • VIRU KEEMIA GRUPP AS
    • VKG OIL AS 100%
      • VKG ENERGIA OÜ 100%
    • VKG KAEVANDUSED OÜ 100%
    • VKG LOGISTIKA OÜ 100%
    • VIRU RMT OÜ 100%
    • VKG SOOJUS OÜ 100%
    • VKG ELEKTRIVÕRGUD OÜ 100%
    • VKG DIISEL OÜ 100%

The board of VKG

The board is composed of five members.

Three members – Ahti Asmann, Meelis Eldermann, and Jaanis Sepp– manage the work of the group as a whole and participate in the boards of subsidiary companies. The other two members – Margus Kottise and Nikolai Petrovitš – are the directors of the group’s strategically primary companies.

The board is tasked with the everyday management of the VKG’s economic activities and representing the company. The company must be represented by two members of the board in every legal transaction; one of the two must be either the chairman or the vice chairman of the board.

The board of VKG

The board is composed of five members.

Three members – Ahti Asmann, Meelis Eldermann, and Jaanis Sepp– manage the work of the group as a whole and participate in the boards of subsidiary companies. The other two members – Margus Kottise and Nikolai Petrovitš – are the directors of the group’s strategically primary companies.

The board is tasked with the everyday management of the VKG’s economic activities and representing the company. The company must be represented by two members of the board in every legal transaction; one of the two must be either the chairman or the vice chairman of the board.

Meelis Eldermann

Vice Chairman of the Board / Technical Director

Ahti Asmann

Chairman of the Board

CV

Jaanis Sepp

Member of the Board / Financial Director

CV

Margus Kottise

Member of the Board / Member of the Board VKG Kaevandused

CV

Nikolai Petrovitš

Member of the Board / Member of the Board VKG Oil

CV

Corporate governance

We consider excellent corporate governance the foundation of solid business operations. Therefore, we set clear areas of responsibility for each of our managers, employees, and partners. We believe that this is the best way to offer our shareholders long-term, competitive profit and guarantee the sustainability of our operations in all aspects.

Efficient corporate governance is the key to smooth functioning: it guarantees that the division of roles, responsibilities, rights, and accountability is clearly and commonly understood.

A five-member supervisory board supervises the activities of the parent company.

Members of the supervisory board

Toomas Tamme

Member of the Supervisory Board

Ants Laos

Member of the Supervisory Board

Priit Piilmann

Member of the Supervisory Board

Margus Kangro

Member of the Supervisory Board

Elar Sarapuu

Member of the Supervisory Board

Auditing

Under the Auditors Activities Act, the VKG group is considered a public-interest entity and must have a special audit committee.

The audit committee is an independent control body tasked with monitoring the competent management and control, efficiency, and relevance of the business operations.

As laid out in the statute, the audit committee is an advisory body to the board of the Viru Keemia Grupp in the fields of accounting, auditing, risk management, internal control and audit, monitoring, and budgeting, as well as compliance with laws and norms.

The members of the VKG audit committee are Ants Laos (Chairman of the committee), Priit Piilmann, Margus Kangro, and Elar Sarapuu.

 

International management systems

 

International management systems like ISO and OHSAS have separate procedures for risk hedging in quality management, energy managment, environmental management and occupational safety management. Those internationally recognised systems are in effect in VKG as well. The table below lists the management systems in use in the Group’s subsidiaries.

 

Management principles ISO certificates (environmental, energy and quality management systems) OHSAS certificate (occupational health and safety management system)
VKG ISO9001, ISO14001, ISO 50001
VKG Oil ISO9001, ISO14001 OHSAS 18001
VKG Kaevandused ISO9001, ISO14001 OHSAS 18001
VKG Energia ISO9001, ISO14001, ISO 50001 OHSAS 18001
Viru RMT ISO9001
VKG Soojus ISO9001, ISO14001 OHSAS 18001
VKG Elektrivõrgud ISO9001 OHSAS 18001