The Supervisory Board of Elering re-elected Kalle Kilk as the Chairman of the Board

The Supervisory Board of Elering has re-elected Kalle Kilk as Chairman of the Board and CEO, extending his contract for five years until December 31, 2029.

Gunnar Okk, Chairman of Elering's Supervisory Board, explained that the decision was made by consensus following thorough consideration and evaluation. Both upcoming challenges and the owner's long-term expectations for Elering were key factors in the decision. The Supervisory Board also reviewed the organization's performance to date. The leadership selection process and candidate evaluation were conducted by Fontes PMP.

"In the Supervisory Board's view, Kalle's previous achievements and experience showcase his ability to address complex issues and effectively lead the Elering team. He has a clear understanding of the company's strategic objectives and a strong commitment to contributing to its long-term success. His reappointment ensures continuity in the company's strategic direction, which is crucial in today's rapidly changing environment," said Okk.

Kalle Kilk responded, "It is a great honor to continue working with Elering's professional and dedicated team at a time when the entire energy sector is undergoing significant transformation. Elering must also take a major step forward in its development. We aim to better meet the expectations of both the owner and energy market participants while ensuring Estonia’s security of supply. Elering faces clear challenges, such as the synchronization with the continental European electricity system, which will occur in early 2025, the large-scale transition to renewable electricity by 2030, and improving the crisis resilience of the energy system."

Elering’s Board consists of four members. Along with Kalle Kilk, the board includes Erkki Sapp, responsible for energy system management and markets, financial manager Riina Käi, and asset management manager Reigo Kebja. Sapp’s and Käi’s contracts will run until December 31, 2026, while Kebja’s contract is valid until February 4, 2029.

Kalle Kilk took over the role of CEO in July 2023, succeeding Taavi Veskimägi. Before becoming Chairman of the Board, Kilk served as a board member responsible for asset management at Elering.