Arto Hiltunen, Chairman
b. 1958, M.Sc. (Econ.)
Director, Supply Chain, Logistics and Quality,
b. 1964, M.Sc. (Tech.)
Director, Retail, Google Germany GmbH
b. 1966, M.Sc. (Econ.)
Country Director, SRV Group Plc
SVP, Human Resources,
VTT Technical Research Centre of Finland Ltd
b. 1959, M.A.
Goverment Ownership Steering Department, Senior Financial Specialist
b. 1955, BBA, M.Sc. (Adm.)
Managing Director, Finnish Pension Alliance TELA
b. 1963, Licentiate of Political Science
b. 1962, MSc (Finance), eMBA
The duties of Posti Group Corporation's Board of Directors are specified in the Companies Act, the Articles of Association, and the Guidelines for Decision Making approved by the Board of Directors. According to these documents, the Board is responsible for controlling and supervising senior management, appointing and dismissing the CEO, approving the company's strategic goals and risk management principles, and ensuring the performance of the company's management system. The Board has adopted written rules and procedures which lay out the Board's key responsibilities and working principles.
Posti Group Corporation's Annual General Meeting appoints the members of the Board of Directors and elects the Chairperson and Vice Chairperson. The Board has between five and nine members. Persons aged 68 or above are not eligible for election to the Board. The members are elected for a one-year period at a time. The terms of office end at the close of the AGM following their election.
The Board of Directors evaluates its performance and working methods on an annual basis. It also assesses the performance and working methods of the CEO.
The Board of Directors elects not more than four of its members to the Audit Committee, whose duties include:
The committee prepares matters entrusted to it for the Board of Directors.
The Board of Directors elects not more than four of its members to the Remuneration and Nomination Committee, whose duties include:
The Committee prepares matters entrusted to it for the Board of Directors.