Board of Directors

Born in 1970
CEO, Tenendum Oy, 2009–
CEO, SPV Investments Oy, 2010–
M.Sc. (Econ.)
Member of the Board of Directors since 2024

Primary work experience:
CEO, Visio Varainhoito Oy, 2018–2019
CEO, Arvo Omaisuudenhoito Oy, 2005–2008
Managing Director, Mandatum Yksityispankki, 2002–2005
Vice President, Mandatum Pankkiiriliike, 2000–2002

Primary positions of trust:
Vice Chair/Member of the Board of Directors, Nixu Corporation, 2011–2023
Chair/Member of the Board of Directors, Heeros Plc, 2018–2023
Member of the Board of Directors, Tosibox Oy, 2023–
Member of the Board of Directors, Topbox Oy, 2021–
Member of the Board of Directors, Cloud2 Oy, 2020–
Member of the Board of Directors, Visio Varainhoito Oy, 2019–

Loihde shares:
The controlled entity Tenendum Oy holds 76,348 shares in Loihde.

Independent of the company and its major shareholders

Born in 1972
CEO, Alltime Oy
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 Oy, 2021–2016
Managing Director, Caternet Finland Oy, 2010–2012
CEO, Valimo Wireless Oy, 2008–2010
CEO/CMO, Wayfinder Finland Oy, 2007–2008
CEO, Navicore Oy, 2005–2007
Director, Nokia Oyj, 2000–2005

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

Loihde shares: 
557

Independent of the company and its major shareholders

Born in 1971
Board Professional
M.Sc. (Econ.)
Member of the Board of Directors since 2024

Primary work experience:
CEO, Solita Group Oy, 2008–2020
CFO, Solita Group Oy, 2004–2008
Head of Business Control, Finnet Oy (currently DNA Plc), 2002–2004
Business Controller, Finnet Verkot Oy, 2000–2002
Controller, Sandvik Tamrock Oy, 1996–2000

Primary positions of trust:
Chair of the Board of Directors, Bolt.Works Oy, 2018–
Member of the Board of Directors, Solita Group Oy, 2020–
Member of the Board of Directors, Cloudpermit Oy, 2017–
Chair/Member of the Board of Directors, Nixu Corporation, 2021–2023
Chair of the Board of Directors, Ferrologic Group AB, 2019–2020
Member of the Board of Directors, Etera, 2017–2018

Loihde shares:
The controlled entities Atilos Capital Oy and Hidalgo Oy hold 46,000 shares in Loihde.

Independent of the company and its major shareholders

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:
Member of the Board of Directors, Sitowise Group Plc, 2024–
Member of the Board of Directors, Posti Group, 2023–
Member of the Board of Directors, Lassila & Tikanoja, 2023–
Member of the Board of Directors, Aallon Group, 2022–
Member of the Board of Directors, Kontio, 2022–
Member of the Board of Directors, Fennia, 2019–
Digital Advisory Board, Business Finland, 2017–

Loihde shares: 
557

Independent of the company and its major shareholders

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

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

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

Loihde shares: 
6,000

Independent of the company and its major shareholders

Born in 1971
Director, Capman Wealth Services, 2017–
M.Sc. (Econ.)
Member of the Board of Directors since 2024

Primary work experience:
CEO, JAM Advisors Oy, 2015–2017
Managing Director, Ålandsbanken Asset Management Ab, 2012–2015
Head of Private Clients, Ålandsbanken Asset Management Ab, 2000–2015
Fund Manager, Gyllenberg Asset Management Oy, 1996–2000

Primary positions of trust:
Member of the Board of Directors, Omena Hotels Oy, 2021–
Member of the Board of Directors, JL Metals Oy, 2022–
Chair/Member of the Supervisory Board, Loihde Plc, 2018–2021

Loihde shares:
Shareholding of the controlled entity Ab C. Wetterstrand Oy and personal shareholding in Loihde Plc: 51,365 shares

Independent of the company and its major shareholders

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 year,
• 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.

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 Vikkula (Chair), Marko Kauppi and Christian Wetterstrand.

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 Anni Ronkainen (Chair), Juha Murtopuro and Jari Niska.

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.