Elenia Oy
Board of Directors

  • Timo Rajala
    The chairman of the board

    CEO Rajalimes Oy, Consulting company

    Senior Advisor: Pohjolan Voima Oy, Olkiluoto 3 project (nuclear), Emtele Oy (information technology), Finnuclear ry (nuclear association), Some foreign and Finnish companies and municipalacies. Member of Board: The Chairman of the Board Elenia Oy, AP Industry Engineering Service Oy (energy, paper industry service), The Chairman of the Board Finnuclear ry, Ilmatar Winpower Oy, In some associations (business, defence). Previous positions: President and CEO, Pohjolan Voima Oy 1992-2010 (energy, retired 2010), Director and manager, Teollisuuden Voima Oy and Pohjolan Voima Oy 1975-1992, Manager, Ekono Oy (Pöyry) 1973-1975. Chairman of Boards: Teollisuuden Voima Oy (nuclear) 1992-2010, Fingrid Oy (grid company) 1996-2010, Many hydro, fossile and biofuel power companies, Many service companies, Many Finnish associations (energy). Member of Boards: Savon Voima Oy 2000-2012, Empower Oy 1995-2002 and 2010-2012, Ice hockey 2003-2012, Ekono Oy (energy), Siemens Finland, Many Finnish and intemational associations (energy, employer, defence).

  • Heidi Koskinen

    Head of Investment Administration, Ilmarinen Mutual Pension Insurance Company

    Heidi joined Ilmarinen Mutual Pension Insurance Company in 1998. Initially she was responsible for setting up and managing the investment accounting, settlement, collateral management and liquidity management functions. She then progressed to her current position as Head of Investment Administration and is now also responsible for the administration of corporate finance. Prior to joining Ilmarinen she worked at SVH Coopers & Lybrand Oy, now known as PriceWaterhouseCoopers Ltd, as a Risk Management Consultant. Earlier in her career Heidi worked at Interbank Ltd (now Danske Bank) where she spent several years first in derivative brokerage and later in administration functions and in internal audit. Heidi has over 20 years of experience in securities industry and administration functions. She holds a M. Sc. Economics degree from the Helsinki School of Economics.

  • Tapani Liuhala

    CEO Elenia Oy

    Previous positions: Managing Director, Vattenfall Verkko Oy 2010 -2012, Head of Networks Finland Vattenfall Distribution Nordic 2006 – 2012, Head of Network Services BU Vattenfall Distribution Finland 2004 – 2006, several positions at Vattenfall Finland and other electricity companies. Holds B.Sc. (Eng.), Electrical Engineering.

  • Peter R. Lyneham

    Goldman Sachs Merchant Banking

    Peter is a managing director in the Merchant Banking Division (MBD). He joined MBD in 2005 in the Infrastructure Investment Group. Prior to that, he worked in the Financing Group as part of the Principal and Structured Finance team in London. Peter joined Goldman Sachs in 1999 as an analyst in the Advisory Group in Sydney. He was promoted to associate in 2001, vice president in 2004 and was named managing director in 2009. Peter serves on the boards of Associated British Ports, Elenia and Endesa Gas T&D. Peter earned a BComm (Hons) and an LLB from the University of New South Wales in 1998.

  • Timothy Short

    Director 3i, Infrastructure

    Timothy joined 3i in 2007, where his primary focus is on the origination, execution and debt financing of infrastructure investments. He has worked on a number of 3i Infrastructure plc’s largest investments including: the acquisition of Vattenfall AB’s Finnish electricity distribution and district heating business, Elgin Infrastructure, its infrastructure junior debt portfolio and Oystercatcher. Timothy currently serves on the boards of Elenia Oy, Oiltanking Malta Limited and Oiltanking Singapore Limited. Prior to joining 3i, he was an Associate at RBC Capital Markets, having started his career in the European financial restructuring group at Houlihan Lokey. Timothy has an MA and an MPhil in Economics from St John's College, Cambridge.

  • Aapo Nikunen

    CFO Elenia Oy

    Previous positions: Group Treasurer YIT Corporation 2009-2012, Director Finance and Operations Aberdeen Property Investors Eastern Europe A/S Copenhagen 2007-2009, Managing Director Metsä Group Financial Services Oy 2003-2007, several positions at Metsä Group. Holds M.Sc Law (trained on the bench), MBA, M.Sc. Economics

  • Kunal Koya

    Goldman Sachs Merchant Banking

    Kunal is a Vice President in the Infrastructure Investment Group within the Merchant Banking Division. He joined Goldman Sachs in 2013. Prior to joining the firm, Kunal worked in the Utilities and Infrastructure team at Evercore Partners in London. Prior to this, Kunal worked in the Mergers and Acquisitions team at UBS Investment Bank. Kunal serves on the board of Elenia Oy. Kunal earned a BA with First Class Honours in Economics and Management from the University of Oxford.

  • Phil White

    3i Partner, Infrastructure

    Phil joined 3i in 2007 to head asset management for the Infrastructure investment team, bringing 20 years of experience of investment, advisory and financing in the infrastructure and transport sectors. Phil was previously Division Director at Macquarie where he managed investments and led acquisitions in the transport sector, including Wightlink and Autoroutes Paris-Rhin-Rhone. His earlier career was spent at WestLB and Barclays and encompassed leading roles in many major infrastructure deals including the London Underground Tubelines PPP, the acquisition of the Arlanda Express Stockholm rail link by Macquarie, the financing of the Norfolk & Norwich University Hospital and the privatisation of London Luton Airport.