Board of Directors

Chairperson of the Board of Directors

Born in 1959
Founding Partner, KASIN Consulting, Board professional
M.Sc. (Eng)
Member of the Board of Directors since 2019

Primary work experience
CEO, Nixu 2006–2014
Board professional 2003–2006
Several managerial positions, Nokia Networks 1993–2003

Primary positions of trust:
KASIN Consulting, Chair of the Board of Directors 2014–
NSW Global, Chair of the Board of Directors 2022–

Loihde shares: 
6,839 shares

Independent of the Company and its major shareholders.

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Born in 1970
Equity investor, Managing Partner at Redstone Nordics
M.Sc. (Eng), MBA
Member of the Board of Directors since 2021

Primary work experience: 
CEO, Pivot5 2014–2017
CEO, Tecnotree, 2009–2013
COO, FOX Mobile 2008–2009
Managerial positions, First Hop 2001–2008

Primary positions of trust: 
Inderes, Chair of the Board of Directors 2016–
Chipmetrics Oy, member of the Board of Directors 2022–

Loihde shares: 
8,200 shares

Independent of the Company and its major shareholders.

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Born in 1972
CEO, Alltime
M.Sc. (Econ.)
Member of the Board of Directors since 2023

Primary work experience
Managing Director, AVARN Security Finland, 2016–2021
Managing Director/CEO, Turvatiimi, 2021–2016
Managing Director, Caternet Finland, 2010–2012
CEO, Valimo Wireless, 2008–2010
CEO/CMO, Wayfinder Finland, 2007–2008
CEO, Navicore, 2005–2007
Director, Nokia, 2000–2005

Primary positions of trust:
Fennia, member of the Supervisory Board 2020–
Eteläranta Capital, Chair of the Board of Directors 2008–

Loihde shares: 
557

Independent of the Company and its major shareholders.

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Born in 1969
Group CFO at Accountor
M.Sc. (Econ.)
Member of the Board of Directors since 2021

Primary work experience: 
Group CFO, Altia 2013–2018
VP Finance & Control, Neste Oil 2011–2013
Finance Director and other positions in finance, Mars Inc, 1994–2011

Loihde shares: 
1,280 shares

Independent of the Company and its major shareholders.

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Born in 1966
Board professional
M.Sc. (Econ.)
Member of the Board of Directors since 2023

Primary work experience: 
EVP, Chief Digital Officer, Kesko Oyj, 2015–2023
Country Manager, Google Finland, 2009–2015
Industry Head, Google Finland, 2008–2009
CEO, McCann Worldgroup Helsinki, 2006–2008
CBO, Satama Finland Oy, 2001–2006

Primary positions of trust:
Posti Group, member of the Board of Directors 2023–
Lassila & Tikanoja, member of the Board of Directors 2023–
Aallon Group, member of the Board of Directors 2022–
Kontio, member of the Board of Directors 2022–
Fennia, member of the Board of Directors 2019–
Business Finland: Digital Advisory Board 2017–

Loihde shares: 
557

Independent of the Company and its major shareholders.

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Born in 1960
CEO, Scandinavian Biogas
M.Sc. (Econ.)
Member of the Board of Directors since 2023

Primary work experience: 
Managing Partner, Rescus Partners, 2009–2012
CEO, Ruukki, 2007–2008
SEVP, Elisa, 2006–2007
CEO, Saunalahti Group, 2001–2007
Partner, PwC, 1998–2001

Primary positions of trust:
Origin by Ocean, Chair of the Board of Directors 2021–
Kristina Cruises, member/Chair of the Board of Directors 1995–

Loihde shares: 
1,000

Independent of the Company and its major shareholders.

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Born in 1956
Senior Advisor, Stewicon Ltd
Master of Laws
Member of the Board of Directors since 2021

Primary work experience: 
Lawyer, Roschier 1994–, Partner 1996–2016
Managerial positions at KWH Group 1986–1994
Manager, SYP 1983–1985

Primary positions of trust: 
KWH Group, member of the Board of Directors 2019–
Harry Schaumans Stiftelse, Chair of the Board of Directors 2009–

Loihde shares: 
1,658 shares

Independent of the Company and its major shareholders.

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According to the rules of procedure, the main duties of the Board of Directors are among other things to:

• approve the long-term targets and strategies of the Group and its business areas,
• approve the business, financial and investment plans of the Group and its business areas for the financial period,
• ensure that the external financial statements of the Group and its companies are duly made as required by law,
• create the necessary organisational structure for the company’s operations,
• appoint and discharge the CEO, the Managing Directors of the Group’s business areas and the Directors in charge of the Group’s administrative support functions, and decide on their remuneration and benefits,
• decide on the general principles for the Group’s incentive schemes,
• approve the Group’s values and follow their fulfilment,
• organise internal audits, follow external audits and take measures following from these together with the CEO,
• define the acquisition strategy and approve acquisitions,
• decide on significant investments by Group companies, other long-term expense items, transfers of property and funding vehicles,
• decide on significant expansion and reduction of operations, and
• prepare the matters to be dealt with by the General Meeting and see to their execution.

The Board of Directors regularly assesses their operations and working methods through self-evaluation once a year.

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The Audit Committee and the Personnel Committee, working under the Board of Directors, prepare matters that fall under the responsibility of the company’s Board of Directors.

It is the duty of the Audit Committee to among other things follow the financial reporting process for the interim financial statements, the financial statements and the consolidated financial statements and oversee the accuracy of Loihde Group’s financial statements, the financial reporting process and the statutory audit. The committee follows the efficiency of Loihde Group’s internal control, internal audit and risk management systems and oversees the Group’s risks and the quality and coverage of the risk management. In addition, it is the duty of the Audit Committee to prepare proposals to the Board of Directors on matters relating to the development of corporate governance.

The Audit Committee consists of members that are appointed by the Board of Directors and that are not part of the company’s management. They shall be independent of the company and at least one of them shall be independent of the company’s major shareholders. The Audit Committee consists of Matti Piri (Chairperson), Stefan Wikman, Timo Kotilainen and Matti Vikkula.

It is the duty of the Personnel Committee to among other things prepare proposals for Loihde’s Board of Directors on the appointment of the CEO and other Directors that are members of Loihde Group’s Leadership Team and to chart their successors when required. Additionally, the Personnel Committee prepares proposals on the principles of remuneration for and compensation of the personnel and the Leadership Team and on share-based incentive schemes. The committee prepares the remuneration policy and remuneration report of Loihde’s governing bodies.

The Personnel Committee consists of members that are appointed by the Board of Directors. The Personnel Committee consists of Kaj Hagros (Chairperson), Anni Ronkainen and Juha Murtopuro..

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Diversity is a central principle when Loihde’s Board of Directors is elected. It supports the company’s business development and the achievement of targets. The diversity of know-how, experience and viewpoints among the members of the Board of Directors enables an open and innovative approach to business development, supports an improvement of customer understanding and promotes good governance.

Essential factors for diversity in the Board of Directors are the members having complementary education, know-how and experience from different industries and different development stages of business management, and the personal qualities of the members of the Board of Directors.  Diversity is supported by the Board of Directors having a wide age distribution, well-balanced gender representation and member experience from international business environments and different cultures.

The Shareholders’ Nomination Board takes the diversity principles into account when planning the composition of the Board of Directors. As a part of the election and evaluation process, they look for representatives of both genders. Persons that are appointed to the company’s Board of Directors must, in addition to the required qualifications for the role, also have enough time to take on the role. When preparing the composition of the Board of Directors, long-term needs and successor planning is also acknowledged.

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