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.

On March 23, the AGM elected Ms. Arja Talma, a professional Board Member, as new member of the Board of Directors.

M.Sc. (Econ.) Arto Hiltunen continues as the Chairman of Posti Group's Board of Directors.

The AGM re-elected the following Board members: Global Supply Chain Planning Director Petri Järvinen, Retail Director Petri Kokko, Country Director Jussi Kuutsa, Senior Financial Specialist Marja Pokela and Managing Director Suvi-Anne Siimes.

M.Sc. (Econ.) Arto Hiltunen continues as the Chairman of Posti Posti Group's Board of Directors and CFO Päivi Pesola as the Vice Chairperson.

The AGM elected Senior Vice President, Human Resources Kirsi Nuotto as new member of the Board of Directors.

The AGM re-elected the following Board members: Global Supply Chain Planning Director Petri Järvinen, Retail Director Petri Kokko, Country Director Jussi Kuutsa, Senior Financial Specialist Marja Pokela and Managing Director Suvi-Anne Siimes.

M.Sc. (Econ.) Arto Hiltunen continues as the Chairman of Itella's Board of Directors and CFO Päivi Pesola as the Vice Chairperson. The AGM elected Global Supply Chain Planning Director Petri Järvinen, Retail Director Petri Kokko and Senior Financial Specialist Marja Pokela as new members of the Board of Directors. The AGM re-elected the following Board members: Country Director Jussi Kuutsa, Executive Vice President Riitta Savonlahti and Managing Director Suvi-Anne Siimes.

The AGM elected Suvi-Anne Siimes as a new member of Itella's Board of Directors. Arto Hiltunen, M.Sc. (Econ.), will continue as the Chairman of Itella's Board of Directors and Päivi Pesola, Vice President, as the Vice Chairperson. The AGM re-elected the following Board members: Country Director Jussi Kuutsa, Managing Director Timo Löyttyniemi, Counsellor Ilpo Nuutinen, Executive Vice President Riitta Savonlahti and General Manager Maarit Toivanen-Koivisto.

The AGM elected Ilpo Nuutinen as a new member of Itella's Board of Directors. Arto Hiltunen, M.Sc. (Econ.), will continue as the Chairman of Itella's Board of Directors and Päivi Pesola, Vice President, as the Vice Chairperson. The AGM re-elected the following Board members: Managing Director Hele-Hannele Aminoff, Country Director Jussi Kuutsa, Managing Director Timo Löyttyniemi, Executive Vice President Riitta Savonlahti and General Manager Maarit Toivanen-Koivisto.

Audit Committee

The Board of Directors elects not more than four of its members to the Audit Committee, whose duties include:

  • preparing. controlling, reviewing and assessing risk management policies, internal control systems and reports, the organization of financial reporting and auditing
  • annually examining financial statements with the auditors before submitting them to the Board of Directors
  • submitting proposals concerning the appointment of the auditor
  • assessing the independence of the auditor and the additional services offered by the auditor

The committee prepares matters entrusted to it for the Board of Directors.

The Board of Directors elected four of its members to the Audit Committee: Arja Talma (Chairman), Jussi Kuutsa, Marja Pokela and Suvi-Anne Siimes.

On March 27, the Board of Directors elected four of its members to the Audit Committee: Päivi Pesola (Chairman), Jussi Kuutsa, Marja Pokela and Suvi-Anne Siimes.

On March 28, the Board of Directors elected four of its members to the Audit Committee: Päivi Pesola (Chairman), Jussi Kuutsa, Marja Pokela and Suvi-Anne Siimes.

On March 26, the Board of Directors elected four of its members to the Audit Committee: Päivi Pesola (Chairman), Jussi Kuutsa, Timo Löyttyniemi and Suvi-Anne Siimes.

On March 20, the Board of Directors elected four of its members to the Audit Committee: Päivi Pesola (Chairman), Hele-Hannele Aminoff, Jussi Kuutsa and Timo Löyttyniemi.

Remuneration and Nomination Committee

The Board of Directors elects not more than four of its members to the Remuneration and Nomination Committee, whose duties include:

  • preparing decisions concerning the appointments and remuneration of executive management
  • preparing the outlines for the remuneration, bonus and incentive schemes and ensuring that they are fair and competitive

The Committee prepares matters entrusted to it for the Board of Directors.

The Board of Directors elected four of its members to the Board Remuneration and Nomination Committee: Arto Hiltunen (Chairman), Petri Järvinen, Petri Kokko and Kirsi Nuotto.

On March 27, the Board of Directors elected four of its members to the Board Remuneration and Nomination Committee: Arto Hiltunen (Chairman), Petri Järvinen, Petri Kokko and Kirsi Nuotto.

On March 28, the Board of Directors elected four of its members to the Board Remuneration and Nomination Committee: Arto Hiltunen (Chairman), Petri Järvinen, Petri Kokko and Riitta Savonlahti.

On March 26, the Board of Directors elected four of its members to the Board Remuneration and Nomination Committee: Arto Hiltunen (Chairman), Ilpo Nuutinen, Riitta Savonlahti and Maarit Toivanen-Koivisto.

On March 20, the Board of Directors elected four of its members to the Board Remuneration and Nomination Committee: Arto Hiltunen (Chairman), Ilpo Nuutinen, Riitta Savonlahti and Maarit Toivanen-Koivisto.