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Nokia Oyj (NOKIA.HE)

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Summary

Name Age Since Current Position

Risto Siilasmaa

52 2014 Independent Chairman of the Board

Rajeev Suri

50 2014 Chair of the Group Leadership Team, President, Chief Executive Officer

Olivier Piou

59 2016 Independent Vice Chairman of the Board

Kristian Pullola

45 2017 Chief Financial Officer, Member of the Group Leadership Team

Joerg Erlemeier

53 2017 Chief Operating Officer, Member of the Group Leadership Team

Hans-Juergen Bill

58 2016 Chief Human Resources Officer, Member of the Group Leadership Team

Sanjay Goel

51 2018 Senior Vice President, Global Services; President of Global Services; Member of the Group Leadership Team

Marcus Weldon

50 2017 President of Nokia Bell Labs, Corporate Chief Technology Officer, Member of the Group Leadership Team

Barry French

55 2016 Chief Marketing Officer, Member of the Group Leadership Team

Maria Varsellona

48 2016 Chief Legal Officer, Member of the Group Leadership Team

Basil Alwan

56 2018 Co-President of IP/Optical Networks, Advisor to the CEO, Member of the Group Leadership Team

Kathrin Buvac

38 2016 Chief Strategy Officer, Member of the Group Leadership Team

Ashish Chowdhary

53 2016 Chief Customer Operations Officer, Member of the Group Leadership Team

Bhaskar Gorti

52 2016 President of Nokia Software, Member of the Group Leadership Team

Federico Guillen

55 2016 President of Fixed Networks, Member of the Group Leadership Team

Gregory Lee

55 2017 President of Nokia Technologies, Member of the Group Leadership Team

Sri Reddy

2018 Co-President of Nokia IP/Optical Networks, Member of the Group Leadership Team

Marc Rouanne

55 2016 President of Mobile Networks, Member of the Group Leadership Team

Bruce Brown

60 2012 Independent Director

Jeanette Horan

63 2017 Independent Director

Louis Hughes

69 2016 Independent Director

Edward Kozel

62 2017 Independent Director

Jean Monty

70 2016 Independent Director

Elizabeth Nelson

58 2012 Independent Director

Carla Smits-Nusteling

51 2016 Independent Director

Kari Stadigh

63 2011 Independent Director

Biographies

Name Description

Risto Siilasmaa

Mr. Risto Siilasmaa has been Independent Chairman of the Board of Directors of Nokia Oyj since May 1, 2014. He has been Chairman of the Board since May 3, 2012. He joined the Board as Member in 2008. He no longer serves as Interim Chief Executive Officer of the Company, a role he held from September 3, 2013, as of May 1, 2014. He is Chair of the Corporate Governance and Nomination Committee. Apart from his duties at Nokia, he serves as Chairman of the Board of Directors of F-Secure Corporation, where he formerly held the position of President and Chief Executive Officer (1988-2006). His other directorships include a Chairman role at F-Secure Corporation and The Federation of Finnish Technology Industries, and Vice Chairman at The Confederation of Finnish Industries (EK), as well as Board Member of European Roundtable of Industrialists. Previously, Mr. Siilasmaa chaired (2008-2012) and served as Board Member (2007-2008) at Elisa Corporation. He holds Master of Science degree in Engineering from Teknillinen Korkeakoulu (Helsinki University of Technology).

Rajeev Suri

Mr. Rajeev Suri has been appointed as Chair of the Group Leadership Team, President and Chief Executive Officer of Nokia Oyj, effective as of May 1, 2014. He has over 25 years of international experience. He joined Nokia in 1995 and has held a number of managing positions in the Company. From October 2009 to 2014, he served as CEO of Nokia Solutions and Networks. He was Head of Services, Nokia Siemens Networks from September 2007 to September 2009; Head of Asia Pacific, Nokia Siemens Networks from April 2007 to August 2007; Senior Vice President, Nokia Networks Asia Pacific from February 2005 to March 2007; Vice President, Hutchison Customer Business Team, Nokia Networks from January 2004 to January 2005; General Manager, Business Development, Nokia Networks Asia Pacific (2003); Sales Director – BT, O2 and Hutchison Global Customers, Nokia Networks (2002); Director, Technology and Applications, BT Global Customer, Nokia Networks (2000-2001); Head of Global Competitive Intelligence, Nokia Networks (1999-2000) and Head of Product Competence Center, Nokia Networks South Asia (1997-1999); System Marketing Manager, Cellular Transmission, Nokia Networks India (1995-1997); Head of Group Procurement, imports and special projects, Churchgate Group, Nigeria (1993-1995); National Account Manager – Transmission / Manager – Strategic Planning, ICL India (ICIM) (1990-1993) and Production Engineer, Calcom Electronics (1989). He holds Bachelor of Engineering degree (Electronics and Communications) from Manipal Institute of Technology, Karnataka, India.

Olivier Piou

Mr. Olivier Piou has been Independent Vice Chairman of the Board at Nokia Corporation since January 8, 2016. He is Member of the Personnel Committee and the Corporate Governance and Nomination Committee of the Company. He holds a degree in Engineering (Ecole Centrale de Lyon). He was Chief Executive Officer of Gemalto N.V. from 2006 till 2016. He was Chief Executive Officer of Axalto N.V. from 2004 to 2006. He also served at Schlumberger from 1981 until 2004, including a number of management positions in the areas of technology, marketing and operations, in France and the United States. Formerly, he was a member of the Board of Directors of Alcatel Lucent SA (2008-2016), INRIA, the French National Institute for Research in Computer Science and Control, and President of Eurosmart, the international non-for-profit association based in Brussels which represents the smart card industry. He is Member of the Board of Gemalto N.V. and PESH foundation.

Kristian Pullola

Mr. Kristian Pullola has been appointed Chief Financial Officer and Member of the Group Leadership Team at Nokia Corporation, effective as of January 1, 2017. He joined Nokia in 1999. In addition, he held such positions as Senior Vice President, Corporate Controller, Nokia 2011–2016; Vice President, Treasury & Investor Relations, Nokia 2009–2011; Vice President, Corporate Treasurer, Nokia 2006–2008; Director, Treasury Finance & Control, Nokia 2003–2006 as well as various positions in Nokia Treasury 1999–2003; Associate, Citibank International 1998–1999. He holds Master of Science degree in Economics from the Hanken School of Economics, Helsinki, Finland, as well as degree in Finance from the Stockholm School of Economics, Stockholm, Sweden.

Joerg Erlemeier

Mr. Joerg Erlemeier has been Chief Operating Officer and Member of the Group Leadership Team at Nokia Corporation since December 11, 2017. He joined Nokia in 1994. Previously, he was Senior Vice President, Integration, Nokia, 2015; Vice President, Global Services, Europe, Nokia, 2015; Head of Delivery, North America market, Nokia, 2013/14; Head of Program Management Office, Nokia Siemens Networks, 2012; Head of Middle East & Africa, Nokia Siemens Networks, 2009–2011. He held several executive level positions in Nokia/Nokia Siemens Networks, 1994–2009. He holds Bachelor of Engineering (Electronics and Telecommunications), Fachhochschule, Aachen, Germany.

Hans-Juergen Bill

Mr. Hans-Juergen Bill has served as Chief Human Resources Officer and Member of the Group Leadership Team at Nokia Corporation since January 8, 2016. Before that, he has been Executive Vice President of Human Resources at the Company since May 1, 2014. Before that, he was Executive Vice President, Human Resources at NSN 2009-2014. Previously, he was Head of West South Europe region, NSN, 2007-2009; Head of Asia Pacific for Mobile Networks, Siemens, 2003-2007; Head of Operations for Mobile Networks, Siemens, 2001-2003; Head of Region Central-East and North Europe for Mobile Networks, Siemens, 1998-2001; Head of Mobile Networks in Indonesia, Siemens, 1994-1998. He also held various management positions, Siemens, 1983-1994. He has 20 years of experience in the telecommunications industry. He holds diploma in Economics from the University of Applied Sciences in Pforzheim, Germany (1983) and Diploma in Telecommunications from the University of Deutsche Bundespost, Dieburg/Darmstadt, Germany.

Sanjay Goel

Mr. Sanjay Goel has been appointed Senior Vice President, Global Services and President of Global Services and Member of the Group Leadership Team at Nokia Corporation, effective as of April 1, 2018. He joined Nokia Networks in 2001. He has previously been Senior Vice President, Services Portfolio Sales, Global Services, Nokia since 2015. He was Vice President, Services, Customer Operations, Asia, Middle East & Africa, Nokia Networks 2012 – 2015; Head of Global Services, Asia Pacific & Japan, Nokia Siemens Networks 2009-2012; Head of Managed Services, Asia Pacific (including India & Japan), Nokia Siemens Networks 2007-2009. He also held several director and manager level positions in Nokia Networks 2001-2007. He was Manager in IBM India 1996-2001. He held several engineer positions in Asea Brown Boveri Ltd 1990-1996. He holds Bachelor’s Degree in Engineering in Electronics and Communications from Manipal Institute of Technology, Karnataka, India.

Marcus Weldon

Dr. Marcus Weldon has been President of Nokia Bell Labs, Corporate Chief Technology Officer and Member of the Group Leadership Team at Nokia Corporation since April 1, 2017. He joined Nokia in 2016. He holds Ph.D. (Physical Chemistry) degree, Harvard University, Cambridge, Massachusetts, United States and Bachelor of Science (Computer Science and Chemistry) joint degree, King’s College, London, United Kingdom. He was Corporate Chief Technology Officer and President of Bell Labs, Alcatel Lucent (then Nokia) 2013–2016; Corporate Chief Technology Officer, Alcatel Lucent 2009–2013; Chief Technology Officer, Broadband Networks & Solutions, Alcatel Lucent 2006–2009; Member of Technical Staff, Bell Labs, Lucent Technologies 1997–2006. He is Network Partner to Keen Venture Partners and Advisor to Mundi Ventures.

Barry French

Mr. Barry French has been Chief Marketing Officer and Member of the Group Leadership Team of Nokia Corporation since January 8, 2016. He has previously been Chief Marketing Officer and Executive Vice President of Marketing and Corporate Affairs at the Company since May 1, 2014. He joined Nokia in 2006. He was Previously EVP, Marketing, Communications and Corporate Affairs, NSN 2010-2014. Before that, he was Vice President, Corporate Communications, United Airlines, 2004-2006; Director, Corporate Communications, Dell, 2000-2004. He also held additional roles included communications, government relations and management positions at Engineering Animation, Raytheon, KRC Research and the Sawyer/Miller Group. He is Board Member of World Affairs Council of Dallas. He holds Master’s Degree in International Affairs from Columbia University’s School of International and Public Affairs and Bachelor of Arts degree in Political Science, Bates College.

Maria Varsellona

Ms. Maria Varsellona has been Chief Legal Officer and Member of the Group Leadership Team at Nokia Corporation since January 8, 2016. She has previously been Executive Vice President and Chief Legal Officer at the Company since May 1, 2014. She joined NSN in 2013. She was previously Executive Board Member General Counsel, NSN (2013-2014). Before that, she was Tetra Pak Group General Counsel, Tetra Laval Group, 2011-2013; Sidel Group General Counsel, Tetra Laval Group, 2009-2011; Senior Counsel Commercial Operations and Global Services, GE Oil & Gas, 2006-2009; Senior Counsel Europe, Hertz Europe, 2005-2006; Senior Counsel Global Services, GE Oil & Gas, 2001-2005; Lawyer, Pini Birmingham & Partners, 1998-2001; Lawyer, Greco Law Firm, 1994-1998. She is Member of the Board of Nordea Bank AB (publ). She holds a Law degree from University of Palermo (Juris Doctor) from 1994.

Basil Alwan

Mr. Basil Alwan has been Co-President of IP/Optical Networks, Advisor to the CEO, Member of the Group Leadership Team at Nokia Corporation since May 15, 2018. He has previously been President of IP/Optical Networks and Member of the Group Leadership Team of Nokia Corporation since January 8, 2016. Previously, he was President of IP Routing and Transport, Alcatel Lucent from 2012 to 2016. He was President of IP Division, Alcatel-Lucent 2003–2012; Founder, President and CEO, TiMetra Networks 2000–2003; Vice President and General Manager, Bay Networks (acquired by Nortel) Enterprise Products Division (EPD) 1997–2000; Vice President of Product Management and Marketing, Rapid City Communications 1996–1997. He graduated from the University of Illinois at Champaign-Urbana, in 1984, with Bachelor’s degree in Computer Engineering.

Kathrin Buvac

Ms. Kathrin Buvac has been Chief Strategy Officer and Member of the Group Leadership Team at Nokia Corporation since January 8, 2016. Previously, she was Vice President, Corporate Strategy, Nokia Networks from 2014 to 2016. She joined NSN in 2007. She holds a degree in Business Information Systems from University of Cooperative Education, Germany and a Bachelor’s degree in Business Administration from Open University, London. She was Chief of staff to the CEO, Nokia Solutions and Networks 2011–2013; Head of Strategic Projects, Business Solutions, Nokia Siemens Networks 2009–2011; General Manager, Integration Program, Nokia Siemens Networks 2007–2009; General Manager, Corporate Audit, Siemens Holding S.p.A. 2006–2007; Head of Controlling International Businesses, Siemens Communications 2003–2006; Head of Performance Controlling USA, Siemens Communications 2002–2003; Business Process Manager Global IT Strategy, Siemens Communications 2001–2002; Business Analyst, EADS Aerospace and Defense 1999–2000. Kathrin has more than 15 years of international experience in the telecommunications industry.

Ashish Chowdhary

Mr. Ashish Chowdhary has been Chief Customer Operations Officer and Member of the Group Leadership Team of Nokia Corporation since January 8, 2016. He previously served as Executive Vice President and Chief Business Officer, Nokia Networks at the Company from 2015 to 2016. He has nearly 25 years of international experience in the enterprise and telecom sectors. He was Head of Customer Operations Asia, Middle East & Africa (AMEA), Nokia Networks 2011–2015, Head of Global Services, Nokia Siemens Networks 2009–2010, Head of Managed Services, Nokia Siemens Networks 2007–2009, Country Head India, Nokia Networks 2003–2007, Vice President for Enterprise Business, Hughes Communications Ltd 2000–2003 and 1994–1998. Software and Project Engineer, Hughes Network Systems 1989–1993. He also served as Teaching Assistant, Computer Science, Emory University 1987–1989. He holds MBA, Wharton School, University of Pennsylvania, Philadelphia, the United States and Master of Science in Computer Science, Emory University, Atlanta, the United States as well as BA in Mathematics from University of Delhi, India.

Bhaskar Gorti

Mr. Bhaskar M. Gorti has been President of Nokia Software (previously Applications & Analytics) and Member of the Group Leadership Team at Nokia Corporation since January 8, 2016. Previously, he was President of IP Platforms, Alcatel Lucent from 2015 to 2016. He holds Master’s degree in Electrical Engineering from Virginia Polytechnic Institute and State University, Blacksburg, United States. He also holds Bachelor’s degree in Technology and Electrical Engineering from National Institute of Technology, Warangal, India. He was Senior Vice President and General Manager, Communications Global Business Unit, Oracle from 2006 to January 2015; Senior Vice President, Portal Software 2002–2006.

Federico Guillen

Mr. Federico Guillen has been President of Fixed Networks and Member of the Group Leadership Team of Nokia Corporation since January 8, 2016. Previously, he was President of Fixed Networks, Alcatel Lucent 2013-2016. He holds a degree in Telecommunications Engineering, ETSIT Polytechnic University Madrid, Spain and Master’s degree in Switching & Communication Architectures, ETSIT Polytechnic University, Madrid, Spain, as well as Master’s Degree in International Management, EM Lyon and Alcatel, France. He was President and CEO of Alcatel Lucent Spain & Global Account Manager Telefonica, Alcatel-Lucent 2009–2013; Vice President Sales of Vertical Market Sales in Western Europe, Alcatel-Lucent 2009; Head of Regional Support Centre within Alcatel-Lucent’s Fixed Access Division for South Europe, MEA, India and CALA 2007–2009; CEO, Alcatel Mexico & Global Account Manager, Telmex 2003–2007 and held various R&D, Portfolio and Sales Management Positions, Telettra and then Alcatel in Spain, Belgium and U.S. 1989–2003.

Gregory Lee

Mr. Gregory Lee has served as President of Nokia Technologies and Member of the Group Leadership Team of Nokia Corporation since June 30, 2017. He holds Bachelor of Science degree in Biochemistry, University of California at San Diego, the United States. He was President and Chief Executive Officer, North America and Director, Media Solutions Center of America, Samsung Electronics Co. Ltd 2014–2017; President, Samsung Telecommunications America (STA) 2013–2014; President, Samsung Asia 2010–2013; Global Chief Marketing Officer, Samsung Electronics Co. Ltd 2004–2010; Vice President, Franchises and Customer Development, Johnson & Johnson Consumer Asia Pacific 2002–2004; President, Vision Care, Asia Pacific, Johnson & Johnson Medical Devices 1999–2002. He is Member of the Board of Directors of HMD Global.

Sri Reddy

Mr. Sri Reddy has been Co-President of Nokia IP/Optical Networks and Member of the Group Leadership Team at Nokia Corporation since May 15, 2018. Reddy holds a Masters of Electrical Engineering and Computer Science from Oregon State University, and a Masters of Business Administration from Santa Clara University. He has held leadership positions in Bay Networks, Timetra and Alcatel-Lucent prior to joining Nokia.

Marc Rouanne

Dr. Marc Rouanne has been appointed President of Mobile Networks and Member of the Group Leadership Team at Nokia Corporation, effective as of January 8, 2016. He previously was Executive Vice President, Mobile Broadband, Nokia Networks at the Company (2011-2016). He also served as Head of Network Systems, Nokia Siemens Networks 2010–2011; Head of Radio Access, Nokia Siemens Networks 2008–2009; Executive Vice President of Alcatel, President of Convergence Business Group, Alcatel Lucent 2006–2008; Chief Operating Officer, then President Wireless Business Group, then Executive Vice President, Alcatel 2003–2006; held VP positions, then Chief Operating Officer, then President Wireless Business Division, Alcatel 1997–2003. He also held R&D and Engineering Director positions, Matra and Nortel Matra Cellular (1988-1997). He has over 20 years of international management experience in the telecommunications industry. He joined Nokia in 2008. He has experience in executive leadership bringing advanced mobile technologies to mass market. He is Chairman of Advisory Board of Dhatim. He holds Ph.D. in Information Theory from University of Notre Dame, Indiana, the United States and Engineering degree in Signal Processing from Supelec, France as well as Degree in Computer Science from Universite d’Orsay, France.

Bruce Brown

Mr. Bruce Brown has been Independent Director of Nokia Oyj since May 3, 2012. He is Chair of the Personnel Committee and Member of the Corporate Governance and Nomination Committee. Mr. Brown was Chief Technology Officer of The Procter & Gamble Company from 2008 until September 2014. He serves as Member on the Board of Directors of Agency for Science, Technology and Research (A*STAR) in Singapore, Member of the Board of Directors, the Audit Committee and the Nominating and Corporate Governance Committee of P.H. Glatfelter Company. He is also Member of the Board, the Audit Committee and the Compensation Committee of Medpace, Inc. During the course of his career, he has held various executive and managerial positions within Baby Care, Feminine Care and Beauty Care units of The Procter & Gamble Company since 1980 in the United States, Germany and Japan. Mr. Brown holds a Master of Business Administration degree in Marketing and Finance from Xavier University and a Bachelor of Science degree in Chemical Engineering from the Polytechnic Institute of New York University.

Jeanette Horan

Ms. Jeanette Horan has been Independent Director at Nokia Corporation since May 23, 2017. She holds MBA, Business Administration and Management, Boston University, the United States. She also holds B.Sc., Mathematics, University of London, United Kingdom. She held various executive and managerial positions in IBM 1998-2015. She was Vice President of Digital Equipment Corporation 1994-1998, Vice President, Development, of Open Software Foundation 1989-1994. She is Member of the Supervisory Board of Wolters Kluwer, and the Chair of the Remuneration Committee. She is also Member of the Board of Advisors at Jane Doe No More, a non-profit organization. She was Member of the Board of Directors of Microvision 2006-2017 and West Corporation 2016-2017, as well as Member of the Board of Advisors of Cyberreason 2017-2018.

Louis Hughes

Mr. Louis R. Hughes has been Independent Director at Nokia Corporation since January 8, 2016. He is Member of the Audit Committee at the Company. He was President and Chief Operating Officer of Lockheed Martin in 2000. He served as Executive Vice President of General Motors Corporation 1992–2000, President of General Motors International Operations 1992–1998, President of General Motors Europe 1992–1994. He is Chairman of InZero Systems (formerly GBS Laboratories) (USA); Independent Director, Member of the Audit Committee of AkzoNobel; Independent Director and Chairman of the Audit, Finance and Compliance Committee of ABB; Executive Advisor Partner of Wind Point Partners. Previously he was member of the Board of Alcatel Lucent SA from 2008 until 2016. He holds Master’s degree in Business Administration (Harvard University, Graduate School of Business) and a Bachelors degree in Mechanical Engineering (General Motors Institute, now Kettering University).

Edward Kozel

Mr. Edward R. (Ed) Kozel has been Independent Director of Nokia Corporation since May 23, 2017. He holds a degree in Electrical Engineering and Computer Science, University of California, the United States. He was President and CEO or Range Networks 2013-2014, Owner of Open Range 2000-2013, Chief Technology and Innovation Officer and member of the Board of Management of Deutsche Telecom 2010-2012, CEO of Skyrider 2006-2008, Managing Director of Integrated Finance 2005-2006, Senior Vice President, Business development and Chief Technology Officer and Board Member of Cisco 1989-2001. Various Board Memberships in 1999-2009.

Jean Monty

Mr. Jean C. Monty no longer serves as Independent Director at Nokia Corporation, effective as of May 30, 2018. He has held the position since January 8, 2016. He has been Member of the Personnel Committee. He holds Bachelor of Arts (College Sainte-Marie of Montreal), Master of Arts in Economics (University of Western Ontario), and Master of Business Administration (University of Chicago). He was Chairman of the Board and Chief Executive Officer of Bell Canada Enterprises until 2002. He was President and Chief Executive Officer of Nortel Networks Corporation from 1993 till 1997. He is Member of the Board of Fiera Capital Inc. Previously, he was a member of the Board of Alcatel Lucent SA from 2008 to 2016 and Bombardier from 1998 till 2017.

Elizabeth Nelson

Ms. Elizabeth A. Nelson has been Independent Director of Nokia Corporation since May 3, 2012. She also serves as Chair of the Audit Committee. She also serves as Chairman of the Board of DAI and Independent Lead Director and Chair of the Audit Committee of Zendesk Inc. Previously, she held Board Member positions at Pandora Media (2013-2017), Ancestry.com, Inc. (2009-2012), SuccessFactors, Inc. (2007-2012), Autodesk, Inc. (2007-2010) and CNET Networks, Inc. (2003-2008), Brightcove, Inc. (2010-2014). Ms. Nelson is a former Executive Vice President and Chief Financial Officer of Macromedia, Inc. (1997-2005). Prior to that, she was Vice President of Corporate Development at Macromedia, Inc. (1996-1997), Project Manager for Corporate Development and International Finance at Hewlett-Packard Company (1988-1996), and Associate at Robert Nathan Associates (1982-1986). She holds a Master of Business Administration degree in Finance from The Wharton School at the University of Pennsylvania and a Bachelor of Science degree in Foreign Service from Georgetown University.

Carla Smits-Nusteling

Ms. Carla M.S. Smits-Nusteling has been Independent Member of the Board of Directors of Nokia Corporation since June 16, 2016. She is Member of the Company Audit Committee. She was Member of the Board of Directors and Chief Financial Officer of KPN (2009-2012) and held various financial positions in KPN (2000-2009) and in TNT/PTT Post (1990-2000). She has been Member of the Supervisory Board since 2013 and Chair of the Audit Committee of ASML; Member of the Board of Directors since 2013 and Chair of the Audit Committee and member of the Remuneration Committee of TELE2 AB, Member of the Management Board of the Unilever Trust Office since 2015, Lay Judge in the Enterprise Court of the Amsterdam Court of Appeal since 2015. She holds Master’s degree in Business Economics form Erasmus University Rotterdam, the Netherlands and Executive Masters degree in Finance and Control fron Vrije University Amsterdam, the Netherlands.

Kari Stadigh

Mr. Kari Henrik Stadigh has been Independent Director of Nokia Oyj since May 3, 2011. He is Member of the Personnel Committee and Member of the Corporate Governance and Nomination Committee. He serves as Group CEO and President of Sampo plc. He holds Master of Science (Eng.) (Helsinki University of Technology). He holds Bachelor of Business Administration (Swedish School of Economics and Business Administration, Helsinki). He was Deputy CEO of Sampo plc 2001-2009. He was President of Sampo Life Insurance Company Limited 1999-2000. He also served as President of Nova Life Insurance Company Ltd 1996-1998. He was President and COO of Jaakko Poyry Group 1991-1996. He is Member of the Board and Chairman of the Risk Committee of Nordea Bank AB (publ). He is also Chairman of the Board of Directors of If P&C Insurance Holding Ltd (publ) and Mandatum Life Insurance Company Limited. He is also Member of the Board of Directors of the Federation of Finance Finland (previously Finnish Financial Services) and Member of the Board of Directors of Waypoint Capital Group Holdings SA as well as Member of the Board of Niilo Helanderin Saatio. He was Chairman of the Board of Directors of Alma Media Corporation 2005-2011.