Group Executive Committee
The CEO is assisted by the Group Executive Committee, which is responsible for developing the strategic structure of the Aspo Group and its earnings as well as prepares policies and shared practices. The Group Executive Committee convenes at least twice a month. The members of the Group Executive Committee are public insiders.
In addition to the CEO, as of January 1, 2009, the Group Executive Committee includes CFO Arto Meitsalo, Group Treasurer Harri Seppälä, VP Business Development Pekka Piiroinen and Group Legal Counsel Toni Santalahti.
The Group also has an extended executive committee comprising the members of the Group Executive Committee as well as the presidents of the businesses and persons in charge of IT administration and communications. The task of the extended executive committee is to ensure cooperation between business functions, harness synergies and prepare joint development projects and policies.
Members of the Group Executive Committee:
Aki Ojanen (1961)
eMBA
CEO, Aspo Plc, 2009 -
Key work experience:
COO, Aspo Plc, 2007-2008
General Director, Itella Logistics Oy, 2005-2007
CEO, Kuusakoski Oy, 2003-2005
Management positions, Kuusakoski Oy, 1999-2003
General Manager, Canon North-East Oy, 1996-1998
Management positions, Canon Oy, 1988-1996
Key positions of trust:
Chairman of the Board: ESL Shipping Ltd, Leipurin Ltd, Telko Ltd and Kaukomarkkinat Ltd
Member of the Board: 3 Step IT Group Oy; the Association of Finnish Technical Traders; Finland-China Trade Association; S. G. Nieminen Oy
Holdings:
Shareholdings in Aspo Plc on December 31, 2009: 26,833 shares or 0.10 % of the total number of shares
Aspo's convertible capital loan 2009: 1 loan subscription
Arto Meitsalo (1963)
M.Sc. (Econ.)
CFO, Aspo Plc, 2009 -
Areas of responsibility: Group finance, internal control, ICT, administration and HR
Key work experience:
President, Kauko-Telko Oy, 2008
CFO, Kauko-Telko Oy, 2007
Director, Kaukomarkkinat Oy, 2005-2007
Group Controller, Kaukomarkkinat Oy, 2002-2005
Financial Accountant, Bank of Finland, 1993-2002
Financial Accountant, Kaukomarkkinat Oy, 1989-1993
Holdings:
Shareholdings in Aspo Plc on December 31, 2009: 12,500 shares or 0.05% of the total number of shares
Harri Seppälä (1964)
eMBA
Group Treasurer, Aspo Plc, 2008-
Areas of responsibility: Group treasury and investor relations
Key work experience:
Senior Vice President, Institutional and Corporate
Banking, Sampo Bank Plc, 2006-2007
First Vice President, Institutional and Corporate
Banking, Sampo Bank Plc, 1999-2006
Management positions, Postipankki, 1989-1999
Key positions of trust:
Member of the Board: Tehosähkö Oy, 2008-
Holdings:
Shareholdings in Aspo Plc on December 31, 2009: 30,000 shares or 0.11% of the total number of shares
Aspo's convertible capital loan 2009: 1 loan subscription
Pekka Piiroinen (1969)
M.Sc. (Econ.), MBA
VP Business Development, Aspo Plc, 2001-
Areas of responsibility: Group's strategic development projects and M&A transactions
Key work experience:
Management Consultant, Manager, KPMG Consulting Oy Ab 1995-2001
Strategic Planning Analyst, AT&T Microelectronics, USA, 1991
Holdings:
Shareholdings in Aspo Plc on December 31, 2009: 26,250 shares or 0.10% of the total number of shares
Toni Santalahti (1971)
LL.M.
Group Legal Counsel, Aspo Plc, 2009-
Areas of responsibility: Group legal matters, Secretary to the Board of Aspo Plc
Key work experience:
Administration Manager, Kauko-Telko Oy, 2006-2008
Corporate Credit Manager, Kaukomarkkinat Oy, 1999-2006
Holdings:
Shareholdings in Aspo Plc on December 31, 2009: 2,000 or 0.01% of the total number of shares.
Management Incentive System
The Aspo Plc's Board of Directors has approved a share performance based management incentive system, in which any bonus paid is based on the yield of the company share.
Aspo does not have a separate stock option program.
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