Administration

Report on Panostaja Oyj’s Management and Control System

In its operations and the organization of its administration, Panostaja Oyj complies with the Finnish Corporate Governance Code. The Code is available at the website maintained by the Securities Market Association at www.cgfinland.fi.

Panostaja Oyj Report on the Management and Control System 2021

Management Team

Tapio Tommila CEO, Media Connections +358 40 527 6311 Read more →

Tapio Tommila, b. 1978

M.Sc. (Econ.)

CEO since 2019
CFO 2015-2018
Deputy Managing Director 2015-2018
Investment Director 2008-2015

Previous work experience: Deloitte Corporate Finance Oy, PricewaterhouseCoopers Oy

Otherpositions of trust: Chairman of the Board of Vauraus Suomi Oyj, Member of the Supervisory Board of Fennia Mutual Insurance Company

Minna Telanne Development Director +358 400 172 477 Read more →

Minna Telanne, b. 1964

Licenciate of Administration

Development Director since 2013

Previous work experience: Business Director of Leading Partners Oy, HR Director of OpusCapita Oy, Profit Center Manager of MPS Finland Consulting Oy, Development Manager of Suomen Posti Oy

Other positions of trust: Hallituspartnerit ry, Member of the Board since 2018

Niko Skyttä Investment Director +358 40 356 4867 Read more →

Niko Skyttä, b. 1982

M.Sc. Eng.

Investment Director since 2020

Previous work experience: Investment Manager Panostaja Oyj, Controller Fiskars Group

Antti Kauppila CFO +358 44 066 3925 Read more →

Antti Kauppila, b. 1982

M.Sc. Econ.

CFO since 2021

Previous work experience: Head of Financial Planning and Analysis at Enento Group Oyj, CFO at Asiakastieto Group Oyj, Senior Manager at EY Transaction Advisory Services, Financial Manager at PerkinElmer – group Diagnostic business.

Board

Jukka Ala-Mello Chairman of the Board since 2011. Board member since 2006 Read more →

Jukka Ala-Mello, b. 1963

M.Sc. (Econ.), APA, Director and Secretary to the Board of Directors of Kone Oyj

Previous work experience: Shareholder in PricewaterhouseCoopers Oy 1995–2006, Finnish Institute of Authorized Public Accountants-approved auditor 1993–2006 and auditor 1987–1990, and Financial Manager at Panostaja Oyj 1990–1993

Other positions of trust: Board member and CEO at Security Trading Oy and Holding Manutas Oy, and Chairman of the Board at Johtopanostus Oy and OWH-Yhtiöt Oy.

Independent of the company and of major shareholders.

Eero Eriksson Board member since 2011 Read more →

Eero Eriksson, b. 1963

Master of Social Sciences, Senior Advisor S-Pankki Oyj

Previous work experience: CEO of Fennia Asset Management 2017–2021, CIO of Fennia Group 2003–2020, Senior Vice President of Fennia 2003–2017, Investment Director of Eläke-Fennia 1998−2001, Investment Director of Merita Henkivakuutus Oy, Bank Manager of Suomen Yhdyspankki

Other positions of trust: Chairman of the Board for S-Pankkikiinteistöt Oy, Board member of S-Pankki Rahastoyhtiö Oy, member of the Board, Employment Committee and Investment Committee of the Diabetes Research Foundation, member of the Board and Investment Committee of Oulun Diakonissalaitoksen säätiö foundation, member of the Board of the Kyllikki and Uolevi Lehikoinen Foundation, and member of the Investment Committee of the Finnish Standards Association SFS.

Independent of the company and of major shareholders.

Mikko Koskenkorva Board member since 2011 Read more →

Mikko Koskenkorva, b. 1982

Bachelor of Computer Science, IT Project Manager of Pajakulma Oy

Other positions of trust: Board member of Johtopanostus Oy, Board member and Managing Director of Treindex Oy

Independent of the company.

Tarja Pääkkönen Board member since 2016 Read more →

Tarja Pääkkönen, b.

D.Sc. (Tech.) (business strategies), M.Sc. (Tech.) (building technology) and Partner at Boardman Oy.

Previous work experience: Head of Sales and Marketing unit and Management Group member of Itella Oyj group 2005−2010, Nokia Mobile Phones Management Group member of Nokia Oyj and several global Senior Vice President level positions in Europe, USA and Asia 1994−2004

Other board duties: Board and Remuneration Committee member of SATO Oyj, Board and Remuneration Committee member of United Bankers Oyj, Board member of GRK Infra Oy, Board and HR Committee member of YLVA, Board member of software company Sunduka Oy, Board member of Qentinel Group Oy and Chairman of Andiata Oy’s Advisor Board.

Independent of the company and of major shareholders.

Tommi Juusela Board member since 2021 Read more →

Tommi Juusela, b. 1973

Bachelor of Laws, LL.M. (Columbia University), independent advisor

Previous work experience: Neste Oyj, Vice President, member of the management team of the Sales and Business unit 2016–2018, Director, Sales 2014–2016; Nokia Oyj, several managerial positions in sales, marketing and strategy 2006–2014, Shearman & Sterling LLP, Associate, 2002–2004 (London), International Associate 1999–2000 (New York)

Other positions of trust: Vice Chairman of John Nurminen Foundation, Board member of Algol Technics Oy, Board member of Nordic Medcom/Carbonex Oy Ab, member of the Advisory Board of Konversai, Inc.

Independent of the company and its major shareholders.

Annual General Meeting

Panostaja Oyj’s highest decision-making body is the Annual General Meeting. Every year, the Annual General Meeting confirms the Company’s financial statement, decides on the dividends to be paid and on the granting of discharge from liability of the Board members and the CEO, and on the election of the Board members and auditors and the fees to be paid to them. The Annual General Meeting is convened by the Board of Directors.

Annual General Meeting
Panostaja Oyj’s By-laws

Remuneration

Reward Policy determines the principles for rewarding Panostaja Oyj’s Board of Directors (hereinafter referred to as “Board”) and CEO (hereinafter referred to as “CEO”). Where necessary, the principles applicable to the CEO will also be applied to the Executive Vice President.

Remuneration Report 2021 has been created in accordance with the Finnish Corporate Governance Code.

Inner Circle

When looking back the history of Panostaja insider register note that Panostaja A share and Panostaja B share were combined into current Panostaja share on 14.11.2008.

Inner Circle →

Audit

The auditors elected by the AGM are responsible for the statutory auditing of the companies belonging to the Panostaja Group. In 2021, Authorised Public Accountants Deloitte Oy operated as auditor in the parent company and the Group, with Hannu Mattila acting as the leading auditor.

Audit →