Chief Executive Officer

  1. Is responsible for the day-to-day management of the company and the Group in accordance with the Articles of Association, the Limited Liability Companies Act and instructions issued by the Board of Directors.
  2. Reports to the Board of Directors and the Supervisory Board.
  3. Is responsible for drawing up and presenting the Group’s strategy and business plans to the Board of Directors for approval.
  4. Regularly informs the Board of Directors of the company’s operations and financial position.
  5. Presents matters to be decided on by the Board of Directors, unless this is delegated to the Business Area Director concerned.
  6. Acts as the presenter of the Committees of the Board of Directors.

A more detailed description of the division of duties between the Chief Executive Officer and the Board of Directors is provided in the Standing Orders of the Board of Directors (Appendix 2) and in the Standing Orders of the management team in charge of Vapo Oy’s energy business (Appendix 5).

Information on the remuneration and terms of employment of the Chief Executive Officer is provided in the section “Remuneration of Senior Management”.

Effective from 1 April 2011, the Chief Executive Officer is:

Tomi Yli-Kyyny, b. 18 August 1962, M.Sc. (Tech)
Relevant concurrent positions of trust: Barona Oy, Board Member; Garantia Oy, Board Member; the Finnish Forest Industries, Board Member; Central Finland Ideological National Defence Association, Chairman of the Board; University of Jyväskylä Foundation, Board Member; Kekkilä Oy, Chairman of the Board; Neova AB, Chairman of the Board; Suur-Savon Sähkö Oy, Supervisory Board Member
Relevant work experience: Pohjola Vakuutus Oy, Managing Director, 2005–2010,Pohjola Yhtymä Oyj, various executive roles, 2000–2006 (CEO 2005–2006), Oy Porasto Ab, CEO, 1999–2000, Vahinkovakuutusosakeyhtiö Pohjola, sales and managerial positions, 1990–1999, Finnish Competition Authority, Specialist Researcher, 1989–1990, Wärtsilä Meriteollisuus, Project Engineer, 1989.

Does not hold any shares in the company.