Arto Hiltunen continues as Itella’s Chairman of Board of Directors, Mauri Pekkarinen appointed Chairman of Supervisory Board


Itella Corporation's Annual General Meeting (AGM) was held in Helsinki on March 14th, 2012. The AGM adopted the financial statements for 2011, as well as discharged the members of the Supervisory Board and the Board of Directors and the President and CEO.

Board of Directors

Itella's Board of Directors consists of eight members. 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.

Ilpo Nuutinen was elected as a new board member. Nuutinen works at the Ownership Steering in the Prime Minister's Office.

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.

Supervisory Board

Itella's Supervisory Board consists of twelve members. MP Ritva Elomaa (True Finns), MP Lars-Erik Gästgivars (The Swedish People´s Party), MP Mauri Pekkarinen (Centre Party), MP Raimo Piirainen (Social Democratic Party), MP Tuomo Puumala (Centre Party), principal Teuvo V. Riikonen (Christian Democrats) and MP Kimmo Sasi (National Coalition Party) were elected as new members of Supervisory Board.

Mauri Pekkarinen was elected the Chairman of Supervisory Board and Johanna Karimäki as the Vice Chairperson. 

The AGM re-elected MP Johanna Karimäki (The Greens of Finland), MP Susanna Huovinen (Social Democratic Party), MP Sari Moisanen (Left Alliance), MP Outi Mäkelä (National Coalition Party) and entrepreneur Reijo Ojennus (True Finns).


The AGM approved the Board of Directors' proposal regarding the payment of dividends. Dividends will not be paid and the profit for the period will be transferred to deductions from retained earnings.


PricewaterhouseCoopers Oy, a firm of authorized public accountants, was elected as Itella's new auditor, with Merja Lindh, Authorized Public Accountant, as the principal auditor.


Board of Directors will receive a monthly compensation and a meeting compensation. Supervisory Board will receive a meeting compensation.


Further information

President and CEO, Jukka Alho, tel. +358 20 451 5600,
Secretary of the Board of Directors, Pekka Leskinen, tel. +358 20 451 5007,