Governance

Board of Directors

The Board’s duties include making decisions related to the company’s strategy, confirming its operational plan and budget, and reviewing and approving its financial statements and the Board of Directors’ report. The Board of Directors decides on strategically or financially significant investments, acquisitions and contingent liabilities, approves the company’s financing policies, confirms the company’s risk management and reporting practices and makes decisions related to its remuneration and incentive system. The Board also makes decisions related to the company’s structure, is responsible for its dividend policy and the development of its shareholder value, appoints the CEO and makes decisions pertaining to their employee benefits, decides on the appointment of a deputy CEO, takes care of the duties of the Audit Committee and is responsible for other duties designated for the Board in accordance with the Limited Liability Companies Act or otherwise.

The Board of Directors’ Audit Committee comprises three (3) members and HR Committee comprises four (4) members.

The Board members’ term of office ends at the end of the Annual General Meeting following their election. The Board elects its Chair and Vice Chair from among its members.

Work experience

Lamy Oy, Chief Investment Officer 2006-, CEO, 2016-
GE Healthcare IT, Regional Director, 2003–2006
Nokia Networks Plc, various leadership positions in sales and marketing, 1997–2000

Current positions of trust:

SprintIT Oy, Member of the Board, 2020–
Business Finland Venture Capital Oy, Member of the Board, 2018–, Chairman of the Board, 2021-
Medical Investment Trust Oy, Chairman of the Board, 2005–
Lamy Oy, Chairman of the Board, 2004-

Independent of the company
Chairman of the Board since 2018
Member of the Board since 2016

Work experience

Idean Enterprices Inc, Co-founder, CEO, Chief Design Officer, other positions, 2005–2019

Current positions of trust

Otava Group, board member, 2023–
Learning Intelligence Group (LIG), Member of the Board, 2020
Breaks Finland Oy, Chairman of the Board, 2020–
SOK, Member of the Board of Advisors, 2018–
Kaito Insight Oy, Member of the Board, 2017–

Independent of the company and its significant shareholders
Member of the Board since 2021

Work experience

Aava Health Services Oy, Chief Strategy Officer (2017-2021)
Tieto Corporation, Head of Strategic Design (2015-2017)
Tieto Finland Oy, Head of Service Design (2014-2015)

Current positions of trust:

Solteq Oyj, Member of the Board

Independent of the company and its significant shareholders
Member of the Board since 2024

Work experience

Wolt Enterprises Oy, CFO (2016-2020)
Ilmatar Windpower, CFO (2012-2016)
KPMG Oy Ab, Manager, (2008-2012)

Current positions of trust:

Admicom Plc, Member of the Board, Chair of the Audit Committee, 2022-

Independent of the company and its significant shareholders
Member of the Board since 2024

Work experience

Silo.AI, CEO, 2017–2019
Visionplus, Managing Partner and Chairman, 2012–2017
Nokia Oyj, CSO/CTO, SVP Head of Nokia Research Center, VP of Nokia Networks and in other leadership positions and as a member of executive board, 1990–2011

Current positions of trust:

Fintraffic, Chairman of the Board, 21.3.2021–
OP Osuuskunta, Member of the board, 1.7.2020-
Silo.AI, Chairman of the Board, 2019–
Visionplus, Chairman of the Board, 2017

Independent of the company and its significant shareholders
Member of the Board since 2020

Board of Directors