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Organization

There are nearly 1,200 of us at Veikkaus, top professionals in the gaming industry. We work every day towards a better game across almost 60 locations throughout Finland.

We are a limited company wholly owned by the Finnish state. We became a group in 2022 when our subsidiary, Fennica Gaming, began international operations.

Veikkaus is divided into 8 business units
  • Domestic Business – Lottery and Land-Based Gaming
  • Domestic Business – Betting & iCasino
  • Data Analytics, Customer & Corporate Responsibility Services
  • Gaming Technologies, TECH
  • People, Brand, Communications & Sponsorship
  • Legal, Compliance and Security
  • Finance, Strategy and Services
  • Stakeholder Relations

Veikkaus' Executive Team

Veikkaus' CEO Olli Sarekoski

Olli Sarekoski

President and CEO

Olli Sarekoski

  • Master of Science in Economics and Business Administration
  • Born 1965

Key work experience

  • Veikkaus, Deputy CEO 2010–2016
  • Veikkaus, Business Director 2008–2016, other management roles 2003–2008
  • Finnish Sports Television Ltd, CEO and other management roles 2000–2003
  • Prime Minister’s Office, Special Adviser to the Minister 1999–2000
  • European Parliament, Head of Office 1996–1999

Affiliations and other positions of trust

  • Eurojackpot Group, Vice Chair of the Board 2014–present, Board Member 2011–present
  • European Lotteries, Board Member 2017–present
  • Urheilugaala ry, Board Member 2017–present
  • Helsinki Region Chamber of Commerce, Supervisory Board Member 2017–present
  • PALTA ry, Election Committee 2020–present
  • Central Chamber of Commerce, Supervisory Board Member 2020–present
  • ELO, Supervisory Board Member 2020–present
  • Fennica Gaming Oy, Board Member 2022–present
Member of Veikkaus' Executive Team, Velipekka Nummikoski

Velipekka Nummikoski

EVP, Stakeholder Relations

Velipekka Nummikoski

Area of responsibility: stakeholder relations

  • Master of Social Sciences
  • Born 1962

Key work experience

  • RAY, CEO 2012–2016
  • Prime Minister’s Office, State Secretary 2011–2012
  • Ministry of Finance, State Secretary 2007–2011
  • Elisa, Communications Director 2003–2007
  • Radiolinja, Communications Director 2000–2003
Veikkaus CFO Regina Sippel

Regina Sippel

CFO

Regina Sippel

Responsibility area: finance, strategy, procurement and facilities

  • Master of Science in Economics and Business Administration
  • Born 1979

Key work experience

  • Thomas Cook, Finance Director, Nordic
  • Operations, 2016–2019
  • Tjäreborg, CEO, 2014–2016
  • Tjäreborg, Finance Director, 2011–2014
  • Tjäreborg, Chief Accountant, 2011
  • Ernst & Young, Auditor, 2004–2011

Affiliations and other positions of trust

  • Fennica Gaming Oy, Board Member, 2022–present
  • Lotteries Entertainment Innovation Alliance AS (LEIA), Deputy Board Member, 2022–present
Member of Veikkaus' Executive Team, Nora Vähävirta

Nora Vähävirta

EVP, Lotteries and Land-Based Gaming

Nora Vähävirta

Area of responsibility: Lotteries and Land-Based Gaming

  • Master of Arts
  • Born 1969

Key work experience

  • Veikkaus, Chief Commercial Officer, 2017–2018
  • Veikkaus, Business Unit Director, 2014–2016
  • Veikkaus, Sales Director, 2008–2013
  • Veikkaus, Customer Account Manager, 2006–2008
  • Accenture Oy, Senior Consultant, 1994–2006

Affiliations and other positions of trust

  • Lotteries Entertainment Innovation Alliance AS (LEIA), Member of the Board, 2021–present
Member of Veikkaus' Executive Team, Jarkko Nordlund

Jarkko Nordlund

EVP, Betting and iGaming

Jarkko Nordlund

Area of resposibility: Betting and iGaming

  • Master of Business Administration

Key work experience

  • Professional board member and advisor for several companies, 2020–2023
  • CEO, MTV, 2016–2020
  • CEO, Universal Music Group, 2010–2016
  • CEO, Viasat, 2005–2010
  • CEO, CANAL+, 2000–2005

Affiliations and other positions of trust

  • Chair of the Board, 8 Media Ventures, 2022–present
  • Member of the Board, Oomi, 2020–present
  • Member of the Board, Kaleva Media, 2020–present
Member of Veikkaus' Executive Team, Jonas Reuter

Jonas Reuter

EVP, International Business

Jonas Reuter

Responsible for leading and developing Veikkaus Group’s international business.

  • Holds a Swedish Civilekonom degree and a BA in International Business (University of Austin, Texas), with management studies at Harvard University.
  • Born 1971

Key work experience

  • IGT Lottery Spa, Rome, Italy — VP Northern Europe, 2015–2022
  • IGT UK, London — VP Nordics, 2012–2014
  • IGT Sweden AB — CEO and Head of Sales Nordics, 2006–2011
  • Scientific Games Sweden — VP Sales, 1999–2005
  • ABB Poland, Warsaw — Sales Manager, 1998
  • ABB US, Detroit — Project Manager, 1997
  • ABB Robotics Sweden — Project Manager, 1994–1996

Affiliations and other positions of trust

  • Chairman of the Board, Fennica Gaming Oy, 2023–present
Member of Veikkaus' Executive Team, Ari Aarnihuhta

Ari Aarnihuhta

EVP, Gaming Technologies Business

Ari Aarnihuhta

Responsible for the development of the digital channel, ICT development, service production & infrastructure, game and service systems, quality assurance, and internal systems

  • Bachelor of Business Administration and SanomaWSOY Executive Program
  • Born 1962

Key work experience

  • Veikkaus, Director of Information, ICT and Sales, 2018–2019
  • Veikkaus, Director of Customer Relations and Sales, 2017–2018
  • Veikkaus, Director of Customer Relations, 2015–2016
  • Veikkaus, Business Unit Manager, 2013–2014
  • Veikkaus, Director, 2008–2013
  • Veikkaus, Customer Manager, 2003–2007
  • Lottex Oy, Commercial Director, 2003

Affiliations and other positions of trust

  • Member of the Board, Finnish Customer Marketing Association, 2017–present
Member of Veikkaus' Executive Team, Reija Laaksonen

Reija Laaksonen

EVP, People, Culture and Communications

Reija Laaksonen

Responsible for talent development, culture, HR services, employment matters and rewards, as well as communications, branding, marketing, and sponsorship

  • Master of Social Sciences (Economics and Business Administration)

Key work experience

  • Nokian Renkaat Oyj, Global Marketing Director, 2020–2022
  • Fazer Group, Brand Director, 2018–2019
  • Fazer Confectionery, Director of Digital Operations, 2015–2018
  • Fazer Confectionery, Marketing Director, 2014–2015
  • Fazer Group, Brand and Marketing Director, 2013–2014
  • Fazer Group, Media Director, 2012–2013
  • Unilever Nordic, Media Director, 2009–2012
  • Various roles at Unilever Nordic and Unilever Finland Oy, 2000–2009
  • Kamux Oyj, Board Member, 2017–2024; Chair of the Personnel and Remuneration Committee, 2022–2024

Affiliations and other positions of trust

  • Raisio Oyj, Board Member, 2025–
  • Urheilugaala ry, Board Member, 2024–
Member of Veikkaus' Executive Team, Tuomo Puumala

Tuomo Puumala

EVP, Data&Analytics, Corporate responsibility and Customer Service

Tuomo Puumala

Responsible for data, artificial intelligence, customer service and corporate sustainability

  • Master of Social Sciences
  • Born 1982

Key work experience

  • Ministry of Education and Culture, State Secretary 2019–2023
  • Parliament of Finland, Member of Parliament 2007–2019
Jyri Lassi

Jyri Lassi

EVP, Legal, Compliance and Security

Jyri Lassi

Responsible for legal, compliance and security

  • Master of Laws (LL.M.), Trained on the Bench
  • b. 1971

Key work experience

  • Liikennevirta Oy, Chief Legal Officer 2022−2025
  • Varjo Technologies Oy, General Counsel 2020−2022
  • Vice President Legal/Chief IP Officer, PayPal Inc. 2016−2020
  • Nokia Technologies Oy/Nokia USA Inc., Vice President Legal and Compliance 2014−2016
  • Nokia Corporation, Vice President Legal and IP 2012−2014
  • Nokia Corporation, Director Legal and IP 2008−2012
  • Nokia Corporation, Legal Counsel/Senior Legal Counsel 2001−2008
  • Tax Specialist, KPMG Oy 1997−2001

Executive team members’ salaries, fees and fringe benefits

CEO’s salaries, fees and fringe benefits in 2024:
€523,828.23

Other executive team members’ salaries, fees and fringe benefits in 2024:
€2,416,364.52

Veikkaus' Board of Directors

Member of Veikkaus' Board of Directors, Kaisa Olkkonen

Kaisa Olkkonen

Chair of the Board

Kaisa Olkkonen

  • Member of the Personnel Committee
  • Master of Laws, trained on the bench (varatuomari)
  • Born 1964

Key work experience

  • CEO, SSH Communications Security Plc, 2017–2020
  • Head of Public Affairs, Nokia Corporation, 2010–2016
  • General Counsel, Nokia Corporation Services/Multimedia Unit, 2004–2010, and Nokia Mobile Phones, 2002–2003

Affiliations and other positions of trust

  • Cargotec Plc, Member of the Board and the Audit and Risk Management Committee, 2016–present
  • John Nurminen Foundation, Board Member since 2017, Chair of the Advisory Group since 2019
  • Finntraffic Air Navigation Services Ltd, Board Member since 2020
  • Fixably Ltd, Chair of the Board since 2020
  • Medanta Ltd, Chair of the Board since 2022
  • Baltic Sea Services Ltd, Board Member since 2022
  • Saarni Cloud Ltd, Board Member since 2023
Member of Veikkaus' Board of Directors, Leena Vainiomäki

Leena Vainiomäki

Vice Chair of the Board

Leena Vainiomäki

  • Member of the Personnel Committee
  • Independent Advisor
  • Master of Social Sciences, MBA (Finance)
  • Born 1961

Key work experience

  • Country Director, Danske Bank Finland, 2018–2020
  • Global Head of Transaction Banking Advice and Sales, Danske Bank A/S, 2017–2018
  • Head of Business Banking, Sampo Bank (later Danske Bank), 2011–2017
  • Nordic Head of Segmentation and Customer Programs, Nordea Bank, 2008–2011
  • Head of Helsinki City Corporate Region, 2005–2008

Affiliations and other positions of trust

  • Member of the Board, LRV Corp Oy, 2020–2024
  • Chair of the Risk Committee, Municipality Finance Plc (Kuntarahoitus Oyj)
  • Member of the Board, YIT Corporation, 2024
Member of Veikkaus' Board of Directors, Minna Pajumaa

Minna Pajumaa

Board member

Minna Pajumaa

  • Member of the Personnel Committee
  • Financial Counsellor, Ownership Steering Department, Prime Minister’s Office
  • Master of Science (Economics and Business Administration)
  • Born 1963

Key work experience

  • Prime Minister’s Office, Ownership Steering duties, 2009–
  • HSH Nordbank AG, 2002–2008
  • Skandinaviska Enskilda Banken AB (publ), 1998–2002
  • Suomen Vientiluotto Oy, 1990–1998

Affiliations and other positions of trust

  • Posti Group Corporation, Member of the Board, 2019–
Member of Veikkaus' Board of Directors, Ossi Lindroos

Ossi Lindroos

Board member

Ossi Lindroos

  • Member of the Audit and Responsibility Committee
  • Master of Science in Technology
  • Born 1977

Key work experience

  • CEO, Solita 2021–present
  • EVP, Solita 2020–2021
  • SVP, Solita 2017–2020

Affiliations and other positions of trust

  • Newil&Bau, Board Member 2020–present
  • Atilos Capital, Board Member 2018–present
  • Integrata Oy, Member of the Board of Advisors 2020–2022
Member of Veikkaus' Board of Directors, Katri Harra-Salonen

Katri Harra

Board member

Katri Harra-Salonen

  • Member of the Audit and Sustainability Committee
  • MSc in Engineering and Executive MBA
  • Born 1969

Key work experience

  • Chief Digital Officer, ICT and Development, Executive Team Member (CDO), Kojamo Oyj 2020–2023
  • Chief Digital Officer and Executive Team Member (CDO), Finnair Oyj 2016–2020
  • CEO and Founder, UMB Oy 2012–2016
  • CEO and Head of Development, Fjord Sweden AB 2010–2012
  • International Business Director and Business Manager, Executive Team Member, Satama Interactive Oyj 2000–2009
  • Senior Consultant, SIAR-Bossard 1995–1999

Affiliations and other positions of trust

  • SOK, Board Member 2023–
  • RGE Holding Oy, Board Member 2021–
Member of Veikkaus' Board of Directors, Martti Ala-Härkönen

Martti Ala-Härkönen

Board member

Martti Ala-Härkönen

  • Chair of the Audit and Responsibility Committee
  • Doctor of Economic Sciences, Licentiate of Technology
  • Born 1965

Key work experience

  • Chief Financial Officer, Tietoevry Tech Services June 1, 2025-
  • Chief Financial Officer, Strategy & IT, Neste Oyj 2022–2024
  • Chief Financial Officer, Caverion Oyj 2016–2022
  • Chief Financial Officer, Cramo Oyj 2006–2016
  • Finance Director, Business Development Director, Novo Group Oyj, WM-data Oy, 1998–2006
  • Finance Manager, Issuance Manager, Postipankki Oyj 1995–1998

Affiliations and other positions of trust

  • Deputy Chair of the Board, Chair of the Audit Committee, Member of the Nomination Committee at Digia Oyj since 2016
Member of Veikkaus' Board of Directors, Charles Cohen

Charles Cohen

Board member

Charles Cohen

  • Member of The Board of Directors’ Audit and Sustainability Committee
  • Bachelor of Arts in Politics, Philosophy and Economics, Wadham College, Oxford University
  • Born 1969

Key work experience

  • Founder & CEO, Department of Trust, 2021-
  • Non-executive Director, Games Global, 2022-2025
  • Vice President Mobile and Sports Betting, IGT plc, 2014-2021
  • Founder & CEO, Probability plc, 2003-2014
  • Founder, CTO, CEO, beenz.com inc. 1998-2001

Affiliations and other positions of trust

  • Independent Advisor, Ingenuity
  • Governor, COLAHG school, London
  • Department of Trust (122 Ideas Ltd.)
  • Advisory Board member, Games Global

Board fees effective from 1 April 2025

  • Chairperson: €4,000 per month
  • Vice Chairperson and Chair of the Audit Committee: €2,400 per month
  • Member: €2,000 per month
  • Meeting fee: €600 per meeting

Supervisory Board

The Supervisory Board’s role is to oversee the company’s governance and responsible gambling operations, as well as to support cooperation between the company and its stakeholders. The Supervisory Board provides the General Meeting with a statement on the financial statements and the auditor’s report, and submits a report to the Prime Minister’s Office on the development of gambling activities and measures related to the prevention of gambling harms. Veikkaus’ Supervisory Board consists of 14 members, including one employee representative.

Members of the Supervisory Board
Chairperson Ville Skinnari Social Democratic Parliamentary Group
Vice Chairperson Jani Mäkelä Finns Party Parliamentary Group
Marko Asell Social Democratic Parliamentary Group
Fatim Diarra Green Parliamentary Group
Timo Heinonen National Coalition Party Parliamentary Group
Juha Mäenpää Finns Party Parliamentary Group
Mikko Ollikainen Swedish People’s Party Parliamentary Group
Karoliina Partanen National Coalition Party Parliamentary Group
Pinja Perholehto Social Democratic Parliamentary Group
Sari Tanus Christian Democrats Parliamentary Group
Tere Sammallahti National Coalition Party Parliamentary Group
Hanna Kosonen Centre Party Parliamentary Group
Jenna Simula Finns Party Parliamentary Group
Kristiina Lindroos
(deputy member Satu Lindström)
Veikkaus staff representative

Meeting fees for the Supervisory Board

  • Chairperson: €800 per meeting
  • Vice Chairperson: €600 per meeting
  • Member: €500 per meeting
  • No meeting fees are paid to employee representatives or permanent experts.

Fennica Gaming

Fennica Gaming, established in 2022, is our subsidiary that sells games and gaming platforms developed by our own Game Studio to international corporate clients. Through Fennica Gaming, our games are now available in dozens of countries, and customer feedback has been excellent.

Read more about Fennica Gaming

Fennica Gaming's Executive Team

Fennica Gaming toimitusjohtaja Timo Kiiskinen

Timo Kiiskinen

CEO

Timo Kiiskinen

  • Master of Science in Engineering
  • Born 1964

Key work experience

  • Veikkaus, Head of Business Operations 2018–2022
  • Veikkaus, Head of ICT 2017–2018
  • RAY, Head of Business Operations 2013–2016
  • RAY, Head of Distribution 2010–2013
  • Digita Oy, Head of Business Operations 2007–2010
  • Entrepreneur 2005–2006
  • MTV Interactive, Head of iTV Business Unit 2003–2005

Affiliations and other positions of trust

  • DTT Enterprise Operations Oy, Chairman of the Board and CEO, 2006–
Fennica Gaming johtoryhmän jäsen Joni Hovi

Joni Hovi

SVP, Sales & Marketing

Joni Hovi

  • Production Management and Business Administration
  • Born 1970

Key work experience

  • Veikkaus Oy, New Business, Vice President, Customers and Partnerships 2019–2021
  • Kambi Services Ltd, Executive Director and member of the management team, Global 2016–2019
  • Sportradar AG, Director, State Lottery Business, Global 2013–2015
  • Veikkaus Solutions Oy, Vice President, International Business & Partnerships 2011–2013
  • European Football Pool, Advisor to the President 2008–2011
  • Veikkaus Oy, Senior Advisor to the CEO & President 2010–2011
  • Veikkaus Oy, Business Development Manager, International Co-Operation 2005–2010
  • Veikkaus Oy, Sales Manager, International Partnerships 2003–2005
  • Synera Oy, Executive Director & Co-founder 2001–2002
  • Tellabs Ltd, Key Account Manager 1999–2001
  • Sonera Ltd, Product Marketing Manager & Area Sales Manager Europe and CIS countries 1995–1999
Fennica Gaming johtoryhmän jäsen Kirsi Lagus

Kirsi Lagus

SVP, Portfolio and Product Development

Kirsi Lagus

  • Master of Arts in Computer Science
  • Born 1973

Key work experince

  • Veikkaus, Chief Product Officer, BU International 2021–2022
  • Veikkaus, Vice President 2017–2020
  • RAY, Product Owner, 2013–2016
  • Manager, Release Management, 2008–2012
  • Nokia, Program Advisor, 2005–2008
  • Nokia, Product Quality Manager, 2004–2005
  • Nokia/China, Leading Project Manager 2002–2003
  • Nokia, SW Designer and Project Manager 1997–2002
Fennica Gaming johtoryhmän jäsen Luai Mahjneh

Luai Mahjneh

SVP, Ecosystem and Platform

Luai Mahjneh

  • Master of Science in Engineering
  • Born 1989

Key work experience

  • Veikkaus, Head of Networks, Ecosystems and Data, 2020–2022
  • Veikkaus, Manager of Networks and Ecosystems, 2019–2020
  • Quantum Shake, Founder and CEO, 2015–2022
  • Raknar, Founder and CEO, 2014–2016
  • City of Oulu, Cost-Benefit Analyst, 2012–2013

Affiliations and other positions of trust

  • Helsinki Games Capital, Supervisory Board Observer, 2020–
Fennica Gaming johtoryhmän jäsen Vladimir Liubarsky

Vladimir Liubarsky

SVP, Strategy & Planning

Vladimir Liubarsky

  • Masters in Material Chemistry with Industrial Experience
  • s. 1985

Key work experience

  • Veikkaus, Head of Strategy & Analysis 2021–2022
  • Veikkaus, Development Manager 2019–2021
  • Gearshift Group, Associate Partner 2013–2019
  • Procter & Gamble, Product Manager 2011–2013
  • Procter & Gamble, Product Research Scientist 2009–2010

Fennica Gaming's Board of Directors

Member of Veikkaus' Executive Team, Jonas Reuter

Jonas Reuter (Chair of the Board)

EVP, International Business, Veikkaus

Jonas Reuter

  • Holds a Swedish Civilekonom degree and a BA in International Business (University of Austin, Texas), with management studies at Harvard University.
  • Born 1971

Key work experience

  • IGT Lottery Spa, Rome, Italy — VP Northern Europe, 2015–2022
  • IGT UK, London — VP Nordics, 2012–2014
  • IGT Sweden AB — CEO and Head of Sales Nordics, 2006–2011
  • Scientific Games Sweden — VP Sales, 1999–2005
  • ABB Poland, Warsaw — Sales Manager, 1998
  • ABB US, Detroit — Project Manager, 1997
  • ABB Robotics Sweden — Project Manager, 1994–1996

Affiliations and other positions of trust

  • Chairman of the Board, Fennica Gaming Oy, 2023–present
Veikkaus' CEO Olli Sarekoski

Olli Sarekoski

President and CEO, Veikkaus

Olli Sarekoski

  • Master of Science in Economics and Business Administration
  • Born 1965

Key work experience

  • Veikkaus, Deputy CEO 2010–2016
  • Veikkaus, Business Director 2008–2016, other management roles 2003–2008
  • Finnish Sports Television Ltd, CEO and other management roles 2000–2003
  • Prime Minister’s Office, Special Adviser to the Minister 1999–2000
  • European Parliament, Head of Office 1996–1999

Affiliations and other positions of trust

  • Eurojackpot Group, Vice Chair of the Board 2014–present, Board Member 2011–present
  • European Lotteries, Board Member 2017–present
  • Urheilugaala ry, Board Member 2017–present
  • Helsinki Region Chamber of Commerce, Supervisory Board Member 2017–present
  • PALTA ry, Election Committee 2020–present
  • Central Chamber of Commerce, Supervisory Board Member 2020–present
  • ELO, Supervisory Board Member 2020–present
  • Fennica Gaming Oy, Board Member 2022–present
Veikkaus CFO Regina Sippel

Regina Sippel

CFO, Veikkaus

Regina Sippel

  • Master of Science in Economics and Business Administration
  • Born 1979

Key work experience

  • Thomas Cook, Finance Director, Nordic
  • Operations, 2016–2019
  • Tjäreborg, CEO, 2014–2016
  • Tjäreborg, Finance Director, 2011–2014
  • Tjäreborg, Chief Accountant, 2011
  • Ernst & Young, Auditor, 2004–2011

Affiliations and other positions of trust

  • Fennica Gaming Oy, Board Member, 2022–present
  • Lotteries Entertainment Innovation Alliance AS (LEIA), Deputy Board Member, 2022–present