The Board of Directors

The Board of Directors has overall responsibility for the company’s governance and the appropriate arrangement of its operations. The Board has approved written rules of procedure for itself, which define the matters that must be discussed by the Board. The Board of Directors confirms the principles concerning the company’s strategy, organization, accounting and asset management supervision. It also appoints the CEO, who is responsible for the implementation of the company’s strategy and management of its day-to-day affairs in accordance with the instructions and orders given by the Board.

 

According to the company’s Articles of Association, the Board of Directors comprises one to nine ordinary members and at least one deputy member, if fewer than three ordinary members are elected to the Board of Directors. The term of office of the members and deputy members of the Board of Directors ends at the end of the Annual General Meeting following their election. The Board elects a Chairperson from among its members.

 

Vincit Plc does not follow the governance code for Finnish listed companies (Corporate Governance 2015), which applies to companies listed in Nasdaq Helsinki ("Governance Code"), but the Board of Directors has nevertheless evaluated the independence of its members from the company and major shareholders in accordance with the Governance Code. Based on the independent evaluation, all Board members are independent of major shareholders and the company.

 

Composition of the Board of Directors

Artti Aurasmaa, Chairman

  • b. 1975
  • Member of the Board since 2017

Artti Aurasmaa, M.Sc. (Econ.), is the CEO of Martela Oyj. Before managing Martela Oyj, Artti has served as CEO of Ropo Capital Oy, Stella Care Oy and CEO, COO and CFO of 3 Step IT Group Oy. Antti is a member of the Board of Directors of YTK (General Unemployment Fund) and Chairman of the Board of Bookers Group Oy.

Total shareholding: 10 000 shares

 

Mervi Airaksinen

  • b. 1980
  • Member of the Board since 2021

MSc(Econ) Mervi Airaksinen is the Managing Director at IBM Finland. Before joining IBM, she has worked as a Managing Director at ALSO Finland and Cisco Systems Finland and the Baltics, and as a Development Manager at Elisa. She also acts as a Board member and Advisor for Learning Intelligence Group (Chair of the Board), Nordic Morning Group (Vice-Chair of the Board), YTK (General unemployment fund), University of Vaasa, and Technology Industries of Finland.

Total shareholding: -

 

Eka Ruola

  • b. 1970
  • Member of the Board since 2017

Eka Ruola is CEO and Executive Creative Director of hasan & partners Group. Before his stint as CEO of hasan & partners, Eka has worked as Executive Creative Director at TBWA/Helsinki and hasan & partners. Eka is a member of the Boards of MTL, Aamu Säätiö and HopLop Oy and Chairman of the Boards of hasan & partners Group members customer insight agency Frankly Partners and communications agency hasan communications.

Total shareholding: -

 

Pekka Vähähyyppä

  • b. 1960
  • Member of the Board since 2019

Pekka Vähähyyppä, M.Sc. (Econ.) and eMBA, has served as the CFO of Stockmann Oyj since 2019. Prior to joining Stockmann, he was employed by Finnair Oyj in 2015–2019 as CFO of the company. Before that, he held various financial administration and management positions, including in Stockmann Oyj, the Nordic subsidiaries of Nestlé, OKO-Venture Capital and A-lehdet.

Total shareholding: -

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