Board of Directors
Chairman
Chairman of the Board 2018–
Chairman of the Personnel Committee 2018–
Born 1963, Ph.D., Computational material physics,
M.Sc. (Eng., Technical Physics)
Independent of the Company and its major shareholders.
Primary work experience
Sanoma Corporation, President and CEO 2011–2015
Oy Karl Fazer Ab, various executive positions 2003–2011
McKinsey & Company, partner 1999–2003
Positions of trust
Ahlstrom-Munksjö Oyj, Member of the Board
Esperi Care Holding Oy, Chairman of the Board
Evli Oyj, Vice Chairman of the Board
Lindström Oy, Chairman of the Board
Tieto Oyj, Vice Chairman of the Board
Suomen Vaka-palvelut II Oy (Touhula varhaiskasvatus), Chairman of the Board
Suomen Asuntoneuvoja Oy, Chairman of the Board
born 1956, M.Sc. Engineering, M.Sc. Economics
Member of the Board 2018−
Member of the Audit Committee 2018−
Independent of the Company and its major shareholders
Primary work experience
Director General, Prime Minister´s Office, Ownership Steering Department, 2013–2017
Board Professional and Angel Investor, 2010–2012
SRV Group Plc, President and CEO, 2006–2009
Pohjola Group Plc, President and CEO, 2001–2005
Ilmarinen Mutual Pension Insurance Company, Executive vice President and CIO, 1998–2001
Positions of trust
Lympha Touch Oy, Member of the Board
Foundation of the Finnish Cancer Institute , Vice chairman of the Board
Member
born 1960, M.Sc. (Econ.)
Oy Snellman Ab, Group CEO and President 2018−
Member of the Board 2013−
Chairman of the Audit Committee 2016−
Independent of the Company and its major shareholders.
Primary working experience
Tikkurila Group: President and CEO 2009−2017
Rautakirja Corporation: President and CEO 2001−2008, President of Kiosk operations 1997−2001.
Positions of trust
Tokmanni Group Corporation, Member of the Board
Snellman Ltd, Vice Chairman of the Board
Association of Finnish Advertisers, Member of the Board
Member
born 1960, Master of Economics
Member of the Board 2018–
Member of the Audit Committee 2018–
Independent of YIT Corporation and its major shareholders
Primary work experience
Nordea Bank Concern: Director of various positions in Finland and Nordic countries 2001–2017
Vectia Ltd, senior partner and co-Owner 2000–2001
Positions of trust
Nordea Bank Russia, Member of Board 2013 –, Chairman 2016–
Member
born 1976, Master of Economics
Co-Founder and Chairwoman, Pivot5 Oy
Partner and Chairman, Industryhack Oy
Member of the Board 2016−
Member of the Personnel Committee 2016−
Independent of YIT Corporation and its major shareholders
Primary working experience
Pivot5 Oy, Co-Founder and Chairwoman 2016–
KoppiCatch Oy, Co-Founder and Chairwoman 2008–
Playforia Oy, CEO 2006–2008
Nokia Plc, Director 2005–2006
Digia Plc, VP Sales and Marketing 2001–2005
Sonera Corporation, Investment Manager 1996–2001
Positions of trust
Industryhack, Chairman of the Board
Pivot5 Oy, Chairman of Board
Fiskars Corporation, Member of Board
Nokian Tyres Plc, Member of Board
KoppiCatch Ltd, Chairman of Board
Kristina Pentti-von Walzel
Member
Born 1978, M.Sc. (Econ.), B.Sc. (Pol.Sc.)
Member of the Board 2018‒
Member of the Audit Committee 2018‒
Independent of the Company and its major shareholders.
Primary work experience
Laponie Oy, CEO and Chairman 2016‒
Libera, Director 20132015
Hanken School of Economics, Campaign Director/fundraising 2008–2011
Work experience placements in the Ministry for Foreign Affairs of Finland
as well as in various positions in personnel management and the financial
services industry for companies such as Mandatum Stockbrokers Ltd and
Fortum Corporation 1999–2006
Positions of trust
Foundation for Economic Education, Member of the Board
CMI Crisis Management Initiative, Member of the Board
Member
born 1966, MSc (Eng), MBA, Executive Vice President of Fortum, Generation Division since 2016 and Member of the Management Team since 2014
Member of the Board 2017−
Member of the Personnel Committee 2018−
Independent of YIT Corporation and its major shareholders.
Previous positions
Fortum Corporation, Executive Vice President, Nuclear and Thermal Power
Division 2014–2016
Fortum Power and Heat Oy, Vice President, Finance in Power Division 2009–
2014
Fortum Power and Heat Oy, Vice President, Business Control and Support,
Generation 2005–2009
Fortum, several managerial positions (business control, investments, strategy)
1990–2005
Positions of trust
Kemijoki Oy, Vice Chairman of the Board 2017–
Teollisuuden Voima Oyj, Member of the Board 2010–
Member of the Board of several companies of the Fortum Corporation
Composition and tasks of the Board of Directors
The Board of Directors comprises the Chairman and the Vice chairman and 3 to 7 members elected by the general meeting of shareholders for one year at a time. The Articles of Association have no special provisions on the members of the Board of Directors. The majority of the members must be independent of the company. In addition, it is required that at least two of these membrs are independent of the major shareholders of the company. The President and CEO cannot be elected as the Chairman of the Board. Both genders must be represented on the Board of Directors.The Board of Directors convenes regularly as summoned by the Chairman. A quorum is established when more than half of its members are present. An opinion supported by more than half of the members present becomes the decision. When the votes are even, the Chairman has the casting vote.
The CEO as referendary and Corporate General Counsel as secretary of the Board are present at Board meetings. Other Management Board members and heads of business units and functions attend the meetings when necessary. The President and CEO and the secretary of the Board prepare the meetings with the Chairman of the Board and draw up the agendas. The President and CEO ensures that the Board is provided with sufficient information on matters such as the structure, operations, markets and competitive situation of the company in order to carry out its tasks. The meeting agendas and materials are sent to Board members in good time before the meeting.
The Board of Directors and its committees have ratified standing orders. The members of the Board evaluate the operation of the Board and its committees each year, and the results are taken into account in the Board’s work and its development.
Key tasks of the Board of Directors
Among other duties, the Board of Directors- ensures that the supervision of accounting and asset management is organised appropriately
- reviews and approves the company’s Financial Statements and the Board of Director’s Report as well as Interim Reports and half-yearly reports
- supervises and controls operating management
- elects and dismisses the CEO and his deputy, decides on their salaries and fees and agrees on the other terms of their employment
- convenes the General Meeting of shareholders and makes proposals on matters to be included on its agenda
- specifies the dividend policy and makes a proposal to the General Meeting on the dividend to be paid annually
- approves the Group’sstrategy, strategic goals and risk management principles
- approves budgets and operating plans and oversees their implementation
- approves significant acquisitions and other investments
- confirms the Group's functional structure
- ensures the functioning of management systems
- ratifies the Group’s values and management principles
-
monitors the Group’s audit and monitors and evaluates the auditor’s independence and the provision of non-audit services by the auditor
- prepares a proposal for the election of the auditor