Board and CEO

Board of Directors

The members of the Board are Sami Alatalo, (chairman), Hannu Kottonen (member), Kristiina Lagerstedt (member) and Jouko Peräaho (member).

 

Information about the Board members

 

Chairman Sami-Jussi Alatalo, b. 1971, Master of Laws

Member of the board of directors since June 19, 2012

Saola Invest Oy, entrepreneur

Mergertum Teollisuus Oy, partner

Previous work experience:

Ultivista Group, CEO

Ultivista Group, CFO

Nordea Group, managerial and specialist positions in Corporate Banking

 

Hannu Kottonen, s. 1957, M.SC.(Econ.)

Member of the Board of Directors since April 28, 2016

Previous work experience:

HKScan Oyj, CEO 3/2012 – 1/2016

Metsä Tissue Oyj, CEO 10/2006 – 2/2012

M-Real Plc, leader of the Consumer Packaging Division 2004 – 2006

Huhtamäki Group, several senior management positions 1983 – 2003

Most significant positions of trust:

Polarica Holdings AB, chairman of the board of directors

Kinttuviisas Oy, chairman of the board of directors

Kristiina Lagerstedt is independent of the Company and its significant shareholders

 

Kristiina Lagerstedt, b, 1973, M.SC.(Econ.)

Member of the Board of Directors since April 28, 2016

Sanoma Group, Vice President, Audit & Assurance, 2014 –

Previous work experience:

Nokia Group, Head of Internal Audit and Mergers & Acquisitions team member 2004 – 2014

EY and Deloitte, diverse positions 1997 – 2004

Most significant positions of trust:

European Confederation of Institutes of Internal Auditing (ECIIA), board member

Kristiina Lagerstedt is independent of the Company and its significant shareholders

 

Jouko Peräaho, b. 1962, Engineer

Member of the board of directors since October 30, 2015

Member of Uutechnic Oy board of directors since 1993

Most significant positions of trust:

FC TPS Oy, chairman of the board of directors

Chamber of commerce in Turku, member of the council

 

 

Activities of the Board

The Board of Directors of the parent company, which also acts as that of the Group, is responsible for the Group’s administration and appropriate operation, and it decides on issues that are highly significant in light of the scope of the Group’s operations.

Some of the key responsibilities of the Board are to

  • confirm the Group’s strategy and objectives, monitor their implementation, and commence corrective measures if these should be necessary
  • decide on significant investments as well as acquisitions and real-estate transactions
  • handle and approve the interim management statements, interim reports, and financial statements
  • decide on the Group’s financial policies and financing methods
  • approve the dividend policy and make a proposal to the AGM concerning distribution of dividends
  • be in charge of arrangement of the Group’s risk management and internal monitoring
  • appoint and relieve the CEO, and decide on the terms of the CEO’s employment
  • confirm the Group’s strategy and decide on the central principles governing the Group’s compensation system

The Board of Directors regularly evaluates its own activities and work methods.

Issues are handled at Board meetings in accordance with an agenda prepared for each meeting. The Group’s chief executive officer acts as secretary of the Board. The minutes of each Board meeting are commented upon and accepted at the next meeting.

The Board meets regularly, once a month, and at other times, if necessary. During the 2013 fiscal period, the Board met 25 times. There was 96% attendance by the Board members.

The presenter at Board meetings is the company’s CEO or one of the Group’s personnel authorized by the CEO. The CEO is responsible for providing the Board with sufficient information for assessing the Group’s operations and financial situation. The CEO is also responsible for implementing the Board’s decisions and reports on this to the Board.

The Board members are obliged to provide the Board with sufficient information for assessment of their qualifications and level of independence and to report any changes to this information.

 

Board committees

The Board has no committees.

 

Supervisory Board

The company has no Supervisory Board.

 

CEO

Jouko Peräaho has been appointed as CEO of Plc Uutechnic Group since 9.3.2017. Martti Heikkilä has served as CEO 1.12.2015 – 8.3.2017.

 

Information about the CEO

 

Jouko Peräaho, b. 1962, Engineer

Member of the board of directors since October 30, 2015

Member of Uutechnic Oy board of directors since 1993

Most significant positions of trust:

FC TPS Oy, chairman of the board of directors

Chamber of commerce in Turku, member of the council