Board of Directors

The Board of Directors makes policy decisions in matters that involve lending, borrowing, and administrative questions. The Board of Directors approves the financial transactions proposed by NIB’s President. The Board of Directors is responsible for the financial statements. The Board of Directors may delegate its powers to the President to the extent considered appropriate.

The Board of Directors consists of eight Directors, each of whom has one Alternate. The Directors and their Alternates are appointed by the respective member country. The Board of Directors appoints a Chairman and a Deputy Chairman from among the Directors. The chairmanship and the deputy chairmanship rotate among the member countries. The Board of Directors usually meets eight times a year.

Members

Denmark


Director:

Ms Julie Sonne

Head of Division, Ministry of Industry, Business and Financial Affairs

Estonia


Director:

Mr Madis Üürike

Advisor, Ministry of Finance

Finland


Director:

Mr Pekka Morén

Director, Ministry of Finance

Alternate:

Ms Helle Dam-Sørensen

Chief Special Advisor, Ministry of Industry, Business and Financial Affairs

Alternate:

Ms Merle Wilkinson

Advisor of the State Treasury Department

Alternate:

Mr Petri Peltonen

Under-Secretary of State, Ministry of Economic Affairs and Employment

Iceland


Director:

Ms Esther Finnbogadóttir

Chair of the Board
Head of Division, Ministry of Finance and Economic Affairs

Latvia


Director:

Ms Līga Kļaviņa

Deputy State Secretary on Financial Policy Issues, Ministry of Finance

Lithuania


Director:

Ms Jurgita Uzielienė

Deputy Director, European Union and International Affairs Department, Ministry of Finance

Alternate:

Mr Jón Gunnar Vilhelmsson

Head of Division, Ministry of Finance and Economic Affairs

Alternate:

Ms Inese Sudare

Deputy Director of Financial Resources Department, The Treasury of the Republic of Latvia

Alternate:

Ms Dovilė Jasaitienė

Head of the International Affairs Division, Ministry of Finance

Norway


Director:

Mr Ole Hovland

Deputy Chair of the Board

Senior Advisor, Ministry of Finance

Sweden


Director:

Ms Karolina Ekholm

Professor, Department of Economics at Stockholm University

Alternate:

Ms Kristin Langeland Ervik

Acting Assistant Director General, Ministry of Finance

Alternate:

Ms Saskia Bodin

Department Secretary, Ministry of Finance

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