Andrus Treier set to become Director of the Environmental Investments Centre

19. December 2018 | 14:20

As a result of the public competition, the Supervisory Board of the Environmental Investments Centre (EIC) approved Andrus Treier as the new Member of the Management Board of the EIC.

Andrus Treier served as the Chief Executive Officer of the state-owned financial institution KredEx for more than a decade. In addition, he has worked as a manager and financial manager in various companies and as an auditor and a consultant at the international business consultancy firm KPMG. He holds a Master's level degree in Strategic Management from the University of Tartu.

‘As the long-term CEO of KredEx, Andrus Treier has very good experience in implementing support measures,’ said the Chairman of the Supervisory Board of the EIC and the Minister of the Environment Siim Kiisler, explaining the selection of the new director.

Andrus Treier says that the EIC has played an important role in preserving Estonia’s environment, but much remains to be done. ‘A broad spectrum of services are needed, ranging from ongoing communication activities to the provision of specific advice and smart solutions, in order to help implement projects in a resource-efficient and sustainable manner. I believe that with my long-term and diversified management experience I can help the EIC to carry out this task,’ Treier said, while commenting on further goals, adding that the EIC, which manages such a wide sector, will undoubtedly be an interesting challenge for him. ‘The environmental sector as a whole is constantly evolving and is becoming more important day by day. In fact, whenever we carry out our everyday activities, we are exposed to the environment’.

Andrus Treier will assume the position of Member of the Management Board of the EIC as of 1 January 2019. The employment contract of Veiko Kaufmann, current Member of the Management Board of the EIC, will expire on 31 December 2018. A total of 38 applications were received at the public competition for the position of the member of the management board. The term of office of the member of the management board of the EIC is three years.

The Environmental Investments Centre finances various environmental projects using funds obtained from Estonian environmental charges, income from the sale of carbon dioxide quotas, and from the Structural Funds of the European Union. In addition, the Environmental Investment Centre accepts applications for a loan for specific purposes aimed at implementing environmental projects. Over a period of eighteen years, the state has supported more than 20,000 environmental projects via the EIC.