Board of Directors Front pageInvestorsGovernanceBoard 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 Responsible for the company’s governance and the appropriate organisation of its operations Convenes the Annual General Meeting 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 members of the Group Executive Team and decides on their remuneration 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 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 3–7 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. Jaakko Eskola Chair of the Board b. 1958 MSc (Tech.) Member of the Board since 2021 Shares: 7 405 Independent of the company Dependent on a significant shareholder (Nidoco AB) Primary positions of trust Varma Mutual Pension Insurance Company: Chair of the Board Technology Industries of Finland: Chair of the Board Cargotec Corporation: Chair of the Board Suominen Corporation: Chair of the Board Valmet Corporation: Vice Chair of the Board Finnish Foundation for Share Promotion: Board member P2X Solutions Oy: Board member Confederation of Finnish industries: Board member 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: Board member 4/2023 – 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 Chair, 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 CEOJussi HolopainenThe 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
