Board of Directors
Board Chair
Board Professional
b. 1966, B.Sc. (Business Administration)
Member of the Board since 2020
Chair of the Personnel Committee
Chair of the Strategy Committee
Member of the Audit Committee
Employment history:
- Reckitt Benckiser Scandinavia AS (2004-2008): Managing Director Scandinavia
- Synoptik International Retail (2001-2004): Director of Marketing and Business development
- Procter & Gamble Europe (1998-2001): European Marketing Manager
Board memberships:
- Board Chair: Altia Plc, BoConcept AS, TCM Group A/S, Nordic Pet Care Group AS, Babysam AS, Isadora AB, Orthex Corporation
- Board Member: Harvia Plc, Broman Group/Motonet
Board Deputy Chair
Board Professional
b. 1972, B.sc (Econ.)
Member of the Board since 2018
Member of the Strategy Committee
Employment history:
- Fiskars, Sweden AB (2012–2015): Managing Director
- Pocket Shop AB (2010–2012): CEO
- H&M (2008–2010): Global Marketing Director (CMO)
- GANT Sweden AB (2005–2008): Managing Director
- ICA AB (2000–2005): Marketing Communications Manager
- Cerealia AB (1997–2000): Business Development Manager
Board memberships:
- Board Chair: Identity Works, Ark Vision Nordic, CIP Global Executive Search, The Rainbow Foundation
- Board Deputy Chair: Project Soar
- Board Member: Swedish Fashion Association, Swedavia, Spendrups, Carismar, Abury, Haypp Group
Board Member
Board Professional
b. 1960, M.Sc. (Econ.), APA-certificate
Member of the Board since 2020
Chair of the Audit Committee
Employment history:
- KPMG Oy Ab (2001–3/2019): Lead Audit Partner
- KPMG Oy Ab (2016–2018): Chairman of the Board
- KPMG Oy Ab (2010–2016): CEO
- KPMG Oy Ab (2006–2010): Head of Audit, Member of the Group Management Team
- KPMG Oy Ab (2005–2006): Head of Financial Services Group
- KPMG Brazil, Sao Paulo (2003–2005): Transfer as an IFRS Advisor
- KPMG Oy Ab (1987–2003): Various positions in Audit practice
- Corporate accountant, controller, financial analyst roles 1981–1987
Board memberships:
- Board Chair: Brigadeiro Holding Oy
- Board Member: Danske Bank A/S, Helsinki Deaconess Institute Foundation, Savonlinna Opera Festival, Metsä Board Corporation
- Supervisory Board Chair: Jalmari and Rauha Ahokas Medical Foundation
Board Member
Partner
b. 1958, Master of Laws (LL.M.) with court training
Member of the Board since 2020
Member of the Personnel Committee
Employment history:
- Labour agreements and legal services SOPLA (2020-): partner
- Ministry of Economic Affairs and Employment (2014-2020): Cooperation ombudsman, Cooperation ombudsman’s office
- Labour agreements and legal services SOPLA (2013-2014): partner
- Service Sector Employers PALTA (2011-2013): vice managing director, employment market director, general counsel
- Association of Support Service Industries and the Employer’s Association TIKLI (2004-2011): managing director
- Employers’ Association Alliance (1998-2003): managing director
- Energy Industries in Finland FINERGY (1997-1998): deputy director
- Finnish Employers’ Central Association STK and Confederation of Finnish Industry and Employers (1986-1997): collaborative agreement agency in the collaborative agreements department
- Employers’ General Team and Food Industry’s Employers’ association (1988): agent (assigned by STK)
- Positions as judge, tax agency and law firm partner 1980-1986
Board Member
HR Director
b. 1961, Master of Laws (LL.M) with court training
Member of the Board since 2020
Member of the Personnel Committee
Employment history:
- Tokmanni Group (since 2016): HR Director and member of the executive team
- ISS Palvelut Oy (2004–2016): HR Director and member of the executive team
- Engel Palvelut Oy (2002–2004): HR manager
- Metropolitan Area Council (today HSY) (1997–2002): Administrative Manager
- Finnish Foreign Trade Law Office Ltd (1995–1997): Legal Counsel
- Union for Municipal Employees, KVL ry (today Jyty ry) (1988–1995): Labour lawyer / Negotiator for Collective Labour Agreements
- Helsinki Municipal Officer´s Union, HKVT ry (1987–1988): Organization Secretary
Board memberships:
- Board Member: Helsinki Regional Chamber of Commerce, Mäntsälän Yrityskehitys Ltd
Board Member
CEO
b. 1967, M.Sc. (Eng.)
Member of the Board since 2021
Member of the Strategy Committee
Employment history:
- Samskip Holding BV (since 2019): CEO
- Containerships plc (2012-2019): CEO
- Nokian Tyres plc (2006-2011): VP Global Sales and Logistics
- Nokian Tyres plc (2001-2005): VP Logistics and Purchasing
- Metsä Tissue Corp (1999-2001): Logistics Director (Bonn, Germany)
- Metsä Tissue Corp (1998-1999): Logistics Manger
- Metsä Serla Tissue (1995-1997): Logistics Planning Manager
- Oy Esso Ab (1993-1995): Technical Purchaser
- Valio Ltd (1992-1993): Diploma Thesis and logistics projects
Board Member
Board Professional
b. 1964, Lic.oec. HSG
Member of the Board since 2018
Member of the Audit Committee
Member of the Strategy Committee
Employment history:
- Swiss Post Solutions (2007–2014): CEO and Member of the Executive Management of Swiss Post
- Swiss Post (2001–2007): Director of Strategic Account Management and Director of Group Sales Committee
Board memberships:
- Board Member: Aletsch Bahnen AG, CR Kommunikation AG and Trendcommerce Group AG
Employee Representative
Posti Group National Chief Shop Steward
b. 1970
Member of the Board since 2020
Employment history:
- Posti Group Corporation (since 2018): National Chief Shop Steward
- Posti Group Corporation (2007-2017): Regional Chief Shop Steward
- Posti Group Corporation (2004-2007): Regional Shop Steward
- Posti Group Corporation (1998-2007): Postal worker
Board memberships
- Board Chair: Finnish Post and Logistics Union PAU, 1. Vice-Chairman
- Board Member: Posti Group Corporation Occupational Well-being Foundation, Posti Group Corporation Personnel Fund
Board Member
Government Ownership Steering Department, Senior Financial Counsellor
b. 1963, M. Sc. (Econ.), CEFA
Member of the Board since 2019
Member of the Personnel Committee
Member of the Audit Committee
Employment history:
- Government Ownership Steering Department (since 2017): Senior Financial Counsellor
- Government Ownership Steering Department (2009–2017): Senior Financial Adviser
- HSH Norbank AG (2004–2008): Client Executive, Structured Corporate Finance
- HSH Norbank AG (2002–2004): Project Manager, Export and Project Finance
- Skandinaviska Enskilda Banken AB (1998–2002): Vice President, Export and Project Finance
- Finnish Export Credit Ltd (1996–1998): Regional Representative, Singapore Office
- Finnish Export Credit Ltd (1994–1996): Assistant Regional Representative, Hongkong Office
Board memberships:
- Board Member: Gasum Ltd
Board Member
Vice President, Strategic Development
b. 1973, M.Sc. (Eng.), (B.Soc.Sc.)
Member of the Board since 2020
Member of the Strategy Committee
Employment history:
- Uponor Corporation (since 2015): Vice President, Strategic Development
- Microsoft Corporation (2014-2015): Director, Strategy, Microsoft Devices Group
- Nokia Corporation (2010-2014): Director, Strategy, Corporate Development
- Nokia Corporation (2009-2010): Director, Operational Development, Devices Quality & Delivery
- Nokia Corporation (2006-2007): Senior Manager; Strategy and Business Analysis, Mobile Devices Business Unit, Enterprise Solutions
- FUSIONONE Inc., San Jose, CA, USA (1999-2005): Director, Business Development
- McKinsey & Company (1998-1999): Consultant
- Nokia Mobile Phones (1997-1998): Channel Logistics Analyst
Board of Directors
Posti’s General Meeting elects members of the Board of Directors and appoints its Chair and Deputy Chair. The Board of Directors is composed of five to ten members. The term of office for members of the Board of Directors is one year and it ends at the close of the following Annual General Meeting.
The Government Ownership Steering Department prepares the final proposal for the Board composition, and presents it to the General Meeting for decision.
The Board of Directors evaluates its members’ independence on an annual basis, and re-evaluates it as necessary. The Board also conducts an annual self-evaluation of its operations and working methods. All Board members other than Minna Pajumaa, who has an employment relationship with the Ownership Steering Department of the Prime Minister’s Office, are independent of the shareholders, and based on the Board of Directors’ overall evaluation, all Board members are independent of the company except Satu Ollikainen, who has an employment relationship with a Group company.
The duties of Posti’s Board of Directors are determined in the Companies Act and the Articles of Association, certain Posti Policies approved by the Board of Directors, and the Board’s Charter also approved by the Board. The Charter lays out the Board of Directors’ key responsibilities and working principles.
Accordingly, the Board is responsible among other things for:
- looking after the company’s administration and proper organization of its
- operations;
- appointing and, if necessary, dismissing the President and CEO, and resolving of his/her remuneration;
- preparation of the matters to be presented for the General Meeting of Shareholders and overseeing that the decisions are implemented;
- overseeing the organization of financial supervision within the company;
- affirming the company’s strategy and business plans as well as risk management principles;
- adopting the annual and interim financial statements; and
- preparing and approving the Remuneration policy and annual remuneration reports.
Audit Committee
The Board of Directors elects 3–4 members to the Audit Committee. The members shall have the qualifications necessary to perform the responsibilities assumed by the Committee, which include, among others:
- oversight and review of the company’s financial reporting system;
- monitoring and review of effectiveness of the internal control systems, internal audit and risk management policies;
- monitoring and review of the related party transactions;
- oversight of the statutory audit as well as consideration of the audit report, possible audit minutes as well as the additional Audit Committee report prepared by the auditor;
- preparing a proposal for appointment of the auditor;
- assessing independence of the auditor and ensuring oversight of the additional services offered by the auditor; and
- steering and monitoring activities of the Chief Compliance Office and the Internal Auditor.
Personnel Committee
The Board of Directors elects 3-4 members to the Personnel Committee. The members shall have the qualifications necessary to perform the responsibilities assumed by the Committee, which include, among others:
- preparation of decisions concerning the appointments and remuneration of the President and CEO and the executive management;
- preparation of the outlines of the group’s remuneration, bonus and incentive schemes, and ensuring that they are fair and competitive;
- preparation of the remuneration policy and remuneration report;
- participation in succession planning and monitoring the development of key potentials; and
- monitoring employee satisfaction, occupational health and safety and related company activities.
Strategy Committee
The Board of Directors elects 3-4 members to the Strategy Committee. The members shall have the qualifications necessary to perform the responsibilities assumed by the Committee. The Strategy Committee is to consider and prepare the company’s strategic decisions, which are, for example:
- acquisitions or divestments requiring Board’s approval or being otherwise strategically significant;
- other significant strategic transactions or measures, including significant changes in the business portfolio, being subject to Board approval;
- regular review of the Company’s strategy to the Board; and
- proposals for significant amendments to the Company’s strategy or its implementation.