Board of Directors Front pageBoard of DirectorsThe Board of Directors is responsible for directing the company’s business operations to ensure optimal returns on investments made in the company and to its shareholders over the long term. Principal duties of the Board of Directors convenes the Annual General Meeting and prepares proposals for the General Meeting taking into account, among other things, the matters that shall be presented and decided as well as elections to be made at the Annual General Meeting according to the article 8 of the Articles of Association approves financial statements, the Board of Directors’ reports, half-year financial reports and business reviews approves the company’s insider guidelines, related party guidelines and disclosure policy steers and monitors the company’s operational management appoints and dismisses the President & CEO approves the President & CEO’s employment agreement and benefits approves the nomination, remuneration and other benefits of the members of the Group Executive Team and prepares the remuneration policy to be presented to the General Meeting every four years approves the company’s risk management principles confirms the company’s long-term strategic and financial targets approves the budget decides on significant individual investments and on acquisitions, divestments and real estate transactions decides on on other matters falling under the Board’s responsibility by law The Board meets as often as necessary. The Board has a quorum when more than half of its members are present at the meeting. The Board assesses its operations annually. In accordance with the Articles of Association, the Board consists of 3–8 members, whose term of office ends at the close of the next Annual General Meeting after their election. The majority of the Board members must be independent of the company and its significant shareholders. Anders Dahlblom Chair of the Board b. 1974 M.Sc.(Econ.), CEFA Independent of the company but not independent of significant shareholders COO at Virala Oy Ab from 16 February 2024 Primary positions of trust Glaston Oyj, President and CEO, 2021 – 2023 Owens Corning, European Insulation, Vice President and Managing Director, 2019-2020 Paroc Group Oy, Vice President and Managing Director 2018-2019; CFO 2006-2018; Group Controller 2004-2006; Business Controller 2002-2004 PwC Corporate Finance Oy, Associate 2000-2002 Conficap Oy, Member of the Board 2022– Are Oy, Member of the Board 2022– YIT Oyj: Member of the Board 2024- Betolar Oyj: Member of the Board 2024- Sirpa-Helena Sormunen Vice Chair of the Board b. 1959 LLM (trained on the bench) Member of the Board since 2021 Shares: 14 110 Independent of the company and of its significant shareholders Primary positions of trust Gasum Oy: Chair of the Board of Gasum since 21 March 2024; Member of the Board of Gasum since 31 March 2023 Nammo AS: Board member Petri Suokas b. 1973 Vocational qualification in construction Member of the Board since 2020 Shares: Directly 12 210, indirectly through Siementila Suokas Oy 240 860 and 680 022 through Suotuuli Oy which are entities in which he exercises control. Independent of the company and of its significant shareholders Entrepreneur Primary positions of trust Suotuuli Oy: owner, CEO and Chair of the Board Siementila Suokas Oy: owner, CEO and Chair of the Board Tilasiemen Oy: shareholder and Vice Chair of the Board KB Areena Kauhajoki Oy: Chair of the Board KB Events: Chair of the Board Sari Helander b. 1967 MSc (Econ.) Member of the Board since 2020 Shares: 854 Independent of the company and of its significant shareholders Ramirent Group: CFO and Head of Group Functions Primary positions of trust Evli Plc: Board member Anna Miettinen b. 1981 MSc (Tech.) & B.A. Member of the Board since 2023 Shares: 1 200 Independent of the company and of its significant shareholders Inasis: CEO & owner 2018- Primary positions of trust Ensto Invest: Chair of the Board 2018 – Sewatek Oy: Board member 2012 – Finnish National Theater Foundation: Member of the Board 2018- Carl Haglund b. 1979 MSc (Econ.) Member of the Board since 2023 Shares: – Independent of the company and of its significant shareholders Veritas Pension Insurance Company: CEO 2022– Primary positions of trust Nordic Rescue Group Oy: Chair of the Board EVA & ETLA: Chair of the Board Finnish-Swedish Chamber of Commerce: Vice Chair Tela, Finnish Pension Allianc: Board member Suomen Yrittäjäturva: Board member Aktia Oyj: Board member Pohjantähti Mutual Insurance Company: Board member Ville Vuori b. 1973 B.Sc. in Engineering, eMBA Board professional Independent of the company and of its significant shareholders Primary positions of trust Kemppi Oy, CEO, 10/2017-10/2023 Incap Oyj, President & CEO, 06/2014-10/2017 Kumera Drives Oy, Managing Director, 07/2013-06/2014 Incap Oyj, Member of the Board since Q1/2018, Chairman of the Board from 2019-Current Kempower Oy, Member of the Board, Q1/2018-Q1/2021 Sofi Filtration Oy, Chairman of the Board, Q2/2015-Q2/2018 CEOThe Board appoints the President & CEO and decides on their remuneration and other benefits. The President & CEO is responsible for the company’s day-to-day management. Principal duties of the President & CEO: Managing the company’s business operations in accordance with the strategy determined by the Board of Directors Presenting matters for processing by the Board of Directors Implementing decisions made by the Board Other duties in accordance with the Limited Liability Companies Act
