Investor relations pages are avaliable in both, Finnish and English.
Sijoittajasivut ovat saatavilla sekä suomeksi että englanniksi.

Please select language
Valitse kieli

Members of the board of directors

Members of the board of directors

EnglishSuomi

General

The Board’s role is to manage the company’s business in the best possible way and in its work protect the interests of the company and its shareholders. The Board of Directors is responsible for the company’s administration and the appropriate arrangement of its operations. The Board of Directors also ensures that the supervision of the company’s accounting and asset management is appropriate. The Board of Directors decides on matters of principle and on any issues that would have broad-ranging implications for the company.

Annual General Meeting elects each year at least four and at most eight members to serve on the company’s Board of Directors, which elects the Chairman and also, if necessary, the Vice Chairman from among its members. The term of office of the members of the Board of Directors ends at the conclusion of the first Annual General Meeting of shareholders held after their election.

Responsibilities

The operating principles and main duties of the Board of Directors have been defined in the Charter for the Board of Directors and include, among other things, to:

  • Regularly evaluate the long-term goals and strategy of the company, as well as related business and other strategic plans of the company. The Board shall review other policies and guidelines drawn up by operative management that are material for the company
  • Evaluation and monitor of corporate and financial reporting, risk management of the company’s operation and legal compliance
  • Ensure that there are effective systems in place for monitoring and controlling the group’s operations and financial position compared to its stated objectives
  • Deliberate and approve annual and interim financial statements and Board reports
  • Deliberate and decide upon capital expenditures, investments and divestitures and other financial commitments that are material for the company
  • Oversee the structure and composition of the company’s top management
  • Appoint and discharge the CEO, and set out his or her respective remuneration and the employment conditions. In respect of the Chief Financial Officer and the other members of the company’s management team such matters are reviewed by the Nomination and Remuneration Committee upon the proposal of the CEO and finally decided by the Board.
  • Ensure that the company’s external disclosure of information is marked by openness and is correct, timely, relevant and reliable, by way of, among other things, adopting a disclosure policy.

The Board of Directors’ performance, practices and procedures are evaluated annually.

Board compensation

The Annual General Meeting also determines the remuneration for the Board of Directors. The Annual General Meeting held on 28 March 2019 decided that the Chairman of the Board of Directors shall receive a fee of EUR 40 000 per year and members of the Board of Directors each shall receive EUR 25 000 per year. In addition, reasonable travelling expenses for the meetings shall be compensated. Additional attendance fee for attending meetings of the Board of the Directors will not be paid. The chairpersons of the committees of the Board of Directors shall receive an attendance fee of EUR 500 and the committee members shall be paid an attendance fee of EUR 400 per committee meeting.

In the financial year 2019, a total of approximately EUR 167 000 in fees was paid to the members of the Board of Directors.

In 2019 the company did not pay remuneration for Board work in the form of company shares or rights entitling to shares.

picture-7952

Patrick Lapveteläinen

b. 1966
Chairman of the Board of Directors
Education: M.Sc. (Econ.), Swedish School of Economics and Business Administration, Vaasa Citizenship: Finnish
Chairman of the Board of Directors since 2016

He currently serves as Investment Director and member of the Sampo Group Executive Committee. Previously he has acted as Administrative officer of Sampo Plc and Deputy Managing Director and Board member of Mandatum Bank Plc. He has also acted as Director and Board member of Interbank Ltd. Further, he acts as Board member of If P&C Insurance Holding Ltd and Mandatum Life Insurance Company Limited (Sampo Life Insurance Company).
Independent of the company but non-independent of its significant shareholders.

picture-7955

Petri Carpén

b. 1958
Member of the Board of Directors
Education: Master of Laws (LL.M.), University of Helsinki
Citizenship: Finnish
Board member since 2014

He currently serves as Director of Nets Oy. He has served as Board member of Eurocard Oy and Screenway Oy. He has also served as the deputy CEO of Luottokunta.
Independent of the company and independent of its significant shareholders.

picture-7957

Martin Johansson

b. 1962
Member of the Board of Directors
Education: M.Sc. (Econ.), Stockholm School of Economics
Citizenship: Swedish
Board member since 2018

He currently serves as Head of Business Support & Chief of Staff at SEB Group. Further, he acts as member of the SEB Group Executive Committee (Skandinaviska Enskilda Banken AB, publ.). Previously he has acted in several managerial positions in SEB Group and in Citigroup in Canada, Portugal, Indonesia, Brazil and Sweden. Further, he is Board member of AS SEB Pank (Estonia), SEB Banka AS (Latvia) and AB SEB Bankas (Lithuania).
Independent of the company but non-independent of its significant shareholders.

picture-7954

Tiina Kuusisto

b. 1968
Member of the Board of Directors
Education: M.Sc. (Econ.)
Citizenship: Finnish
Board member since 2019

She currently serves as Director (Chief Customer Officer) of Kojamo Plc. Further, she acts as Board member of Auron Oy.
Independent of the company and non-independent of its significant shareholders.

picture-7953

Carl-Magnus Månsson

b. 1966
Member of the Board of Directors
Education: M.Sc. (Eng.), University of Linköping
Citizenship: Swedish
Board member since 2016

He currently serves as CEO of Iver Group. Previously he has acted as CEO of Acando Abp and CIO of Ericsson AB Group as well as in various management level roles of the Ericsson Group since 1990.
Independent of the company and independent of its significant shareholders.

picture-10846

Minna Parhiala

b. 1967
Member of the Board of Directors
Education: Master of Laws (LL.M.), University of Lapland
Citizenship: Finnish
Board member since 2020

She currently serves as Director of Nordea Bank (Head of Business Area, Nordea Personal Banking). Previously she has acted in various management level roles of the Nordea Group since 1997. 
Independent of the company and non-independent of its significant shareholders.

Management and board of directors’ holdings of shares

Information on the share holdings of Management and Board of Directors is shown in Table of Managers’ holdings of shares.