Supervisory Board

The Supervisory Board organizes the activities and management of Ekspress Grupp and supervises the activities of the Management Board. The Supervisory Board shall notify the general meeting of shareholders of the results of a review. The Chairman of the Supervisory Board organises the work of the Supervisory Board. The main duties of the Supervisory Board are to approve the group’s material strategic and tactical decisions and to supervise the activities of the group’s Management Board. The Supervisory Board’s actions are guided by the company’s articles of association, guidelines of the general meeting, and law.

According to the Articles of Association, the Supervisory Board has 3 to 7 members who shall be elected by the general meeting for the term of five years.

The Supervisory Board has four members. The remuneration of the members of the Supervisory Board is approved by the general meeting of shareholders.

Ülar Maapalu

Chairman of the Supervisory Board

  • Member of the Supervisory Board since 23.05.2025 (appointed until 23.05.2030)
  • Supervisory Board member of Aktiva Finance Group OÜ, Printall AS and Julianus Inkasso OÜ
  • Management Board member of several companies
  • Graduated from the Faculty of Law of the University of Tartu in 1995
  • Monthly remuneration: 4,500 euros (gross)
  • Number of shares of AS Ekspress Grupp: 30,000

Argo Virkebau

Member of the Supervisory Board

  • Member of the Supervisory Board and Audit Committee since 23.05.2025 (appointed until 23.05.2030)
  • Management Board member of Aktiva Finance Group OÜ and several other companies
  • Obtained a Master’s degree in International Business Management from Estonian Business School in 2005 and graduated with a Bachelor’s degree in National Economics from Tallinn University of Technology in 2000
  • Monthly remuneration: 2,000 euros (gross)
  • Number of shares of AS Ekspress Grupp: –

Sami Seppänen

Independent Supervisory Board member

  • Member of the Supervisory Board since 31.08.2022 (appointed until 31.08.2027)
  • Supervisory Board member of AS Eesti Golfikeskus
  • Long term CEO of Elisa Eesti AS (1999–2021)
  • Obtained a master’s degree in Industrial Technology and Management from LUT University
  • Monthly remuneration: 1,350 (gross)
  • Number of shares of AS Ekspress Grupp: -.