Members of the Board of Directors

Updated information on holdings of shares is available under the section Investors > Shares and Shareholders > Insider Information. Information about fees and compensation for the board members is available under the section Corporate Governance > Remuneration.

Gustav Nyberg, born 1956, full-time Chairman of the Board of Directors;
not independent of the company, independent of its major shareholders
B.Sc. (Econ.), eMBA

Gustav Nyberg has served as a member of the Board since 2008 and has been the Chairman of the Board since January 1, 2009. Aspo Plc and Gustav Nyberg have signed an executive contract which defines the progress of the strategy process and participation in investor relations to be under his responsibility. According to the executive contract, the Gustav Nyberg’s position in the company is Full-time Chairman of the Board.

The Annual Shareholders’ Meeting elects the members of Aspo Plc’s Board of Directors for a year at a time. Aspo Plc's Board of Directors elects a chairman from among the Board members, separately appoints the full-time chairman of the Board, and agrees upon the terms of employment of the full-time chairman, defined in a written executive contract. If a member or chairman of the Board at the same time has a work or employment relationship with the company, in accordance with the established practice of Aspo, the member or chairman does not receive the board member’s compensation decided by the Annual Shareholders’ Meeting while the executive contract is in force.

The compensation paid to Gustav Nyberg on the basis of the executive contract has not exceeded the total remuneration decided by the Annual Shareholders’ Meeting to be paid to the Chairman of the Board of Directors.

Key work experience:
CEO, Aspo Plc 1999-2008
Management positions, Elfa International Ab 1985-1995
Management positions, Finnboard 1979-1984

Key positions of trust:
Member of the Board: Foundation of Economic Education, Stiftelsen Svenska handelshögskolan
Member of the negotiation body: The Finnish Lifeboat Institution
Member of the Consultative Committee: Sinisen Reservin säätiö

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Matti Arteva, (1945), Vice-Chairman,
independent of the company and its major shareholders
Engineer

Vice-Chairman of the Board since 2000, member of the Board since 1999

Key work experience:
Senior Adviser, Rautaruukki Oyj 2005
President, Rautaruukki Oyj, Metal Products 2003-2004
Chief Executive Officer Asva Ltd 1993-2003
Management positions, Aspo Ltd 1975-1993
Manager, Oy Telko Ab 1970-1975.

Key positions of trust:
Chairman of the Board: Europress Group Oy Member of the Board: Komas Oy

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Mammu Kaario, (1963)
independent of the company and its major shareholders
LL.M, MBA
Investment Manager, Korona Invest Oy

Member of the Board since 2012
Member of the Audit Committee since 2012

Key work experience:
Partner, Unicus Ltd 2005-2010
Member of the Board, Esperi Care Oy 2005-2010
Director, Conventum Corporate Finance Ltd, 1998-2004
Vice President, Prospectus Ltd 1994-1998
Vice President, Kansallis-Osake-Pankki 1988-1994

Key positions of trust:
Member of the Board: Ponsse Plc, Enfo Oyj, FiBAN Ry

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Esa Karppinen, (1952)
independent of the company and its major shareholders
LL.M.
President and CEO, Berling Capital Ltd 1986-

Member of the Board since 2005

Key work experience:
Vice President and CFO, Oy Expaco Ab 1982-1985

Key positions of trust:
Member of the Board: Taaleritehtaan Omistusyhtiö Oy, Oy Hotel Regatta Ab

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Roberto Lencioni, (1961)
independent of the company and its major shareholders
LL.B.
Managing Director, Oy Gard (Baltic) Ab 2003-

Member of the Board since 1999
Chairman of the Audit Committee since 2010

Key work experience:
Management positions, Oy Baltic Protection Alandia Ab 1990-2002
Managing Director, Oy Baltic Insurance Brokers Ab 1994-2001
Sales Manager, Aspocomp Oy 1988-1990
Group Lawyer, Aspo Group 1986-1988

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Kristina Pentti-von Walzel, (1978)
independent of the company and its major shareholders
M.Sc. (Econ.), B.Sc. in Social Sciences, University of Helsinki
Campaign Director/Fundraising, Hanken School of Economics since 2008

Member of the Board since 2009
Member of the Audit Committee since 2010

Key work experience:
Work experience placements in the Ministry for Foreign Affairs of Finland as well as in various positions in personnel management and the financial services industry for companies such as Mandatum Stockbrokers Ltd and Fortum Corporation, 1999-2006

Key positions of trust:
Member of the Board: Lemminkäinen Corporation, The Finnish Family Firms Association, CMI Crisis Management Initiative, Foundation for Economic Education
Council Member: Stiftelsen Svenska handelshögskolan

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Risto Salo, (1951),
independent of the company and its major shareholders
M.Sc. (Eng.)
Chairman of the Board, Hollming Ltd, 2005-

Member of the Board since 2008

Key work experience:
President, Hollming Ltd, 1992-2005
President, Finnyards Ltd, 1992
Management positions, Hollming Ltd, 1997-1991

Key positions of trust:
Member of the Board: The Federation of Finnish Technology Industries
Member of the Consultative Committee: The Mutual Pension Insurance Company Varma

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