Algol Group structure

The Group comprises six business units: Algol Chemicals, Algol Diagnostics, Algol Technics, Algol Trehab, Histolab Products and Suomen Unipol (ownership 75 %).

The Board of Directors of the parent company Algol Oy is responsible for the governance of the entire Group and the appropriate organisation of its operations. The Board focuses on issues related to its ownership strategy, financing and the use of Group resources.

The parent company is also responsible for the Group’s shared functions. These include, for example, financial administration, property management, ICT, corporate responsibility, the Group’s internal and external communications, and the Algol brand.

The implementation of good corporate governance at Algol is supported by the policies and group’s code of business conduct.

Ownership

Algol is a Finnish family business. The Bargum family owns 100% of all company shares. The three largest shareholders own 98% of the shares.

Alexander Bargum, Chairman of the Board

Member of the Board since 2011

Year of birth: 1975
Education: Master of Laws, LL.M.
Previous full-time positions: Algol Oy, CEO; Hannes Snellman Attorneys at Law Ltd, associate lawyer and partner
Current and previous elected positions and other part-time positions: Arcada University of Applied Sciences, Chair of the Board; German-Finnish Chamber of Commerce (AHK Finnland), Chair of the Board; EK – Confederation of Finnish Industries, Deputy Chair of the Entrepreneurs’ Delegation; Association of Finnish Foundations, Member of the Board; Finnish Family Firms Association, Chair of the Board; Association of Finnish Technical Traders, Deputy Chair of the Board

Johannes Bargum

Member of the Board since 2018

Year of birth: 1979
Education: QBA
Full-time position: Algol Oy, Manager, Real Estate and Facilities since 2012
Previous full-time positions: Various tasks within Algol Oy

Joakim Flinck

Member of the Board since 2025

Year of birth: 1976
Education: M.Sc. (Finance)
Full-time position: Algol Oy, Group CEO since 2025
Previous full-time positions: Algol Oy, CFO and Deputy CEO; PAROC Group, Director, Group Finance, and Group Treasurer
Current and previous elected positions and other part-time positions: Stiftelsen Svenska Blindgården, Chair of the Board; Stiftelsen Sedmigradsky sr, Chair of the Board; Nylands Brigads Gille, Chair of the Board; Fonden Stensböle Minnen (Swedish Cultural Foundation in Finland), Deputy Chair of the Board; Association of Finnish Technical Traders, Chair of the Finance Committee

Algol

Algol is a Finnish family-owned business and a multi-branch company, which has been active in international trade since 1894. The Group comprises Algol Chemicals, Algol Diagnostics, Algol Technics, Algol Trehab, Histolab Products and Suomen Unipol.

The basis of our operations

Trading involves responsibility for customers, suppliers, employees and society as a whole. We believe that international trade promotes global understanding, peaceful coexistence and stability.

Corporate governance

The Group comprises six business units: Algol Chemicals, Algol Diagnostics, Algol Technics, Algol Trehab, Histolab Products and Suomen Unipol.

Financial information

In a multi-branch Algol Group, we build success and responsible future for our partners. Having companies in several different branches of industry enables a controlled level of risk while creating versatile growth opportunities.

History

Algol was established in Helsinki in January 1894 as an agency business supplying Finnish industry with metals, industrial chemicals and building materials.