Board of Directors
The Board of Directors' term of office starts at the Annual General Meeting where the board is elected, and ends at the following Annual General Meeting. The majority of the Board members must be independent of the company and at least two members in the said majority must be independent of the company's major shareholders.
The tasks of the Board are described in the charter of the Board of Directors. In addition to the statutory tasks and those defined in the Articles of Association, the Board annually decides, among other things, on the company's basic strategy, strategy-based annual business plan and budget. The Board also follows the Group's financial standing on the basis of the company management's monthly reporting and draws up the interim reports. In addition, the Board takes care of the tasks of the Audit Committee. The Board carries out an annual self-evaluation of the work of the Board members and the Chairman of the Board.
Year 2020
Raute Corporation's Annual General Meeting held on March 31, 2020 elected six members to the Board of Directors. As Chairman of the Board was elected Licentiate in Technology Laura Raitio, as Vice-Chairman of the Board M.Sc. (Econ.) Mika Mustakallio and as Board Members M.Sc. (Eng.) Joni Bask, M.Sc. (Eng.), Engineer (Construction technology) Ari Harmaala, M.Sc. (Econ.) Pekka Suominen and M.Sc. (Eng.) Patrick von Essen.
The Annual General Meeting of 2020 set the following remunerations for Board members for the term 2020/2021: EUR 48 thousand to the Chairman of the Board and EUR 24 thousand to Board members.
Members of the Board of Directors 2020
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Laura Raitio, b.1962
Chair of the Board of Directors 2019- Independent of the company and of major shareholders. Finnish citizen. Licentiate in Technology. Laura Raitio was CEO of Diacor Medical Services Oy 2014-3/2017. Prior to that she was Executive Vice President, Building and Energy 2009–2014 and Member of the Executive Management Team 2006–2014, Ahlstrom; Ahlstrom's Senior Vice President, Marketing 2006–2008; Ahlstrom's Vice President and General Manager for Wallpaper & Poster, Pre-impregnated Decor, Abrasive Base in Osnabrück, Germany 2002–2005, and Managing Director of Ahlstrom Kauttua 2001–2002. She has held several managerial positions within Ahlstrom's specialty paper business since 1990.
Main simultaneous positions of trust: Remuneration in 2019: EUR 39 thousand Attendance at Board meetings in 2019: 11/11 Share-based remunerations: No share-based remunerations Raute shares on March 31, 2020: 1,000 Raute series A shares |
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Mika Mustakallio, b.1964
Vice-Chairman of the Board 2012-. Finnish citizen. M.Sc.(Econ.),CEFA.
Principal occupation: Mika Mustakallio has been President of MORS Software Oy since 2006 and a bank risk management specialist. Since 2001, as an entrepreneur, he has been creating innovative real-time risk management systems for banks. Prior to this, during the years 1995-2000 he worked at Svenska Handelsbanken as the head of risk control and in 1991-1995 at Price Waterhouse as a consultant. Main simultaneous positions of trust: No simultaneous positions of trust.
Remuneration in 2019: EUR 23 thousand Raute shares on March 31, 2020: 62,100 Raute series K shares and 21,170 Raute series A shares |
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Joni Bask, b.1975
Member of the Board 2012-. M.Sc. (Eng.).
Principal occupation: Manager, Varian Medical Systems Finland Oy 2013-. Main simultaneous positions of trust: No simultaneous positions of trust.
Remuneration in 2019: EUR 23 thousand Raute shares on March 31, 2020: 17,790 series K shares and 4,450 Raute series A shares |
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Patrick von Essen, b. 1963
Member of the Board 2016-. M.Sc. (Eng.) Principal occupation: Managing Director of Neste Engineering Solutions Oy 2018-. Patcik von Essen was President and CEO of Dovre Group Plc in 2014-2018. Previously has held senior business development and project management positions at Fiskars Corporation (2012–2014), Neste Jacobs Oy (2011–2012), Pöyry Group Oyj (1999–2011) and ABB Service Oy (1998–1999). Main simultaneous positions of trust: No simultaneous positions of trust. Remuneration in 2019: EUR 23 thousand Attendance at Board meetings in 2019: 11/11 Share-based remunerations: No share-based remunerations Raute shares on March 31, 2020: 100 Raute series A shares |
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Ari Harmaala, b.1961
Member of the Board 2019-. Finnish citizen. Engineer, Construction technology Principal occupation: Senior Vice President, Sales and Customership, Metsä Fibre Oy 2011–. Ari Harmaala is Senior Vice President, Sales and Customership and Management Team member of Metsä Fibre Oy since 2011. Prior to that he worked for Metso Paper in China 2002–2011, latest as President of Metso Paper (China) Co., Ltd in 2004–2011. Before that he held senior business and sales management positions at Valmet in 1987–2002, for instance in Singapore and Thailand. Main simultaneous positions of trust:Board Member of EPIS, European Pulp Industry Sector 2016–.
Remuneration in 2019: EUR 16 thousand
Attendance at Board meetings in 2019: 8/8
Share-based remunerations: No share-based remunerations
Raute shares on March 31, 2020: No shares
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Pekka Suominen, b. 1976
Member of the Board 2010-. M.Sc. (Econ.)
Principal occupation: Main simultaneous positions of trust: Member of Perheyritysvaltuuskunta 2015-; Chairman, Next Level successor activity working group 2016-; Member, Finnish Family Firms Association, Verkotu working group 2018-.
Remuneration in 2019: EUR 23 thousand Raute shares on March 31, 2020: 48,000 Raute series K shares and 62,429 Raute series A shares |
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Year 2019
Raute Corporation's Annual General Meeting held on April 2, 2019 elected six members to the Board of Directors. As Chairman of the Board was elected Licentiate in Technology Laura Raitio, as Vice-Chairman of the Board M.Sc. (Econ.) Mika Mustakallio and as Board Members M.Sc. (Eng.) Joni Bask, M.Sc. (Eng.), Engineer (Construction technology) Ari Harmaala, M.Sc. (Econ.) Pekka Suominen and M.Sc. (Eng.) Patrick von Essen.
Year 2018
Raute Corporation's Annual General Meeting held on March 22, 2018 elected six members to the Board of Directors. As Chairman of the Board was elected M.Sc. (Eng.) Erkki Pehu-Lehtonen, as Vice-Chairman of the Board M.Sc. (Econ.) Mika Mustakallio and as Board Members M.Sc. (Eng.) Joni Bask, M.Sc. (Eng.), Licentiate in Technology Laura Raitio, and M.Sc. (Econ.) Pekka Suominen and M.Sc. (Eng.) Patrick von Essen.
Year 2017
Raute Corporation's Annual General Meeting held on March 28, 2017 elected six members to the Board of Directors. As Chairman of the Board was elected M.Sc. (Eng.) Erkki Pehu-Lehtonen, as Vice-Chairman of the Board M.Sc. (Econ.) Mika Mustakallio and as Board Members M.Sc. (Eng.) Joni Bask, M.Sc. (Eng.), Licentiate in Technology Laura Raitio, and M.Sc. (Econ.) Pekka Suominen and M.Sc. (Eng.) Patrick von Essen.
Year 2016
Raute Corporation's Annual General Meeting held on March 31, 2016 elected six members to the Board of Directors. As Chairman of the Board was elected M.Sc. (Eng.) Erkki Pehu-Lehtonen, as Vice-Chairman of the Board M.Sc. (Econ.) Mika Mustakallio and as Board Members M.Sc. (Eng.) Joni Bask, M.Sc. (Eng.), Master of Laws, MBA Päivi Leiwo, and M.Sc. (Econ.) Pekka Suominen and M.Sc. (Eng.) Patrick von Essen.
Year 2015
Raute Corporation's Annual General Meeting held on March 24, 2015 elected six members to the Board of Directors. As Chairman of the Board was elected M.Sc. (Eng.) Erkki Pehu-Lehtonen, as Vice-Chairman of the Board M.Sc. (Econ.) Mika Mustakallio and as Board Members M.Sc. (Eng.) Joni Bask, M.Sc. (Eng.) Risto Hautamäki, Master of Laws, MBA Päivi Leiwo, and M.Sc. (Econ.) Pekka Suominen.
Year 2014
Raute Corporation's Annual General Meeting held on March 31, 2014 elected six members to the Board of Directors. As Chairman of the Board was elected M.Sc. (Eng.) Erkki Pehu-Lehtonen, as Vice-Chairman of the Board M.Sc. (Econ.) Mika Mustakallio and as Board Members M.Sc. (Eng.) Joni Bask, M.Sc. (Eng.) Risto Hautamäki, Master of Laws, MBA Päivi Leiwo, and M.Sc. (Econ.) Pekka Suominen.
Year 2013
Raute Corporation's Annual General Meeting held on April 8, 2013 elected six members to the Board of Directors. As Chairman of the Board was elected M.Sc. (Eng.) Erkki Pehu-Lehtonen, as Vice-Chairman of the Board M.Sc. (Econ.) Mika Mustakallio and as Board Members M.Sc. (Eng.) Joni Bask, M.Sc. (Eng.) Risto Hautamäki, M.Sc. (Eng.) Ilpo Helander, and M.Sc. (Econ.) Pekka Suominen.
Year 2012
Raute Corporation's Annual General Meeting held on April 16, 2012 elected six members to the Board of Directors. As Chairman of the Board was elected M.Sc. (Eng.) Erkki Pehu-Lehtonen, as Vice-Chairman of the Board M.Sc. (Econ.) Mika Mustakallio and as Board Members M.Sc. (Eng.) Joni Bask, M.Sc. (Eng.) Risto Hautamäki, M.Sc. (Eng.) Ilpo Helander, and M.Sc. (Econ.) Pekka Suominen.
Year 2011
Raute Corporation's Annual General Meeting held on April 13, 2011 elected six members to the Board of Directors. As Chairman of the Board was elected M.Sc. (Eng.) Erkki Pehu-Lehtonen, as Vice-Chairman of the Board Researcher Sinikka Mustakallio and as Board Members M.Sc. (Eng.) Risto Hautamäki, M.Sc. (Eng.) Ilpo Helander, M.Sc. (Econ.) Mika Mustakallio, and M.Sc. (Econ.) Pekka Suominen
Year 2010
Raute Corporation's Annual General Meeting held on March 31, 2010 elected six members to the Board of Directors. As Chairman of the Board was elected M.Sc. (Eng.) Erkki Pehu-Lehtonen, as Vice-Chairman of the Board Researcher Sinikka Mustakallio and as Board Members M.Sc. (Eng.) Risto Hautamäki, M.Sc. (Eng.) Ilpo Helander, M.Sc. (Econ.) Mika Mustakallio, and M.Sc. (Econ.) Pekka Suominen.
Year 2009
Raute Corporation's Annual General Meeting held on April 2, 2009 elected six members to the Board of Directors. As Chairman of the Board was elected M.Sc. (Eng.) Erkki Pehu-Lehtonen, as Vice-Chairman of the Board Researcher Sinikka Mustakallio and as Board Members M.Sc. (Eng.) Risto Hautamäki, M.Sc. (Eng.) Ilpo Helander, M.Sc. (Econ.) Mika Mustakallio, and M.Sc. (Eng.) Panu Mustakallio.