President and CEO
Raute Corporation’s President and CEO will leave his position by mutual agreement with the company as of 30 April 2022. The Board has appointed Petri Strengell as the company’s interim President and CEO effective 1 May 2022.
Raute Corporation's Board of Directors appoints the President and CEO and confirms the terms of his or her employment. The Board of Directors evaluates the President and CEO's work annually.
Raute Corporation's President and CEO also acts as the Group's President and and as Chairman of the Group's Executive Board. The President and CEO represents the Group at the shareholders' meetings of subsidiaries and associates, and acts as Chairman of the subsidiaries' Boards of Directors, unless the Board decides otherwise in individual cases.
Mr. Mika Saariaho (in the picture), Doctor of Science (Technology) is Raute Corporation’s President and CEO as of October 1, 2022. He was appointed Raute’s President and CEO on May 24, 2022. He joined Raute from Metso Outotec Corporation where he held the position of Senior Vice President, with responsibility for the crusher wears business.
Tapani Kiiski, M.Sc. (Eng.) and Licentiate in Technology was President and CEO of Raute Corporation during the period of March 16, 2004-April 30, 2022. Petri Strengell, M.Sc. (Eng.), Chief Operating Officer (COO) of the company, was interim President and CEO during the period of May 1, 2022-September 30, 2022.
Remuneration to the President and CEO is described in the section Remuneration and in the published Remuneration report.
The salaries and bonuses paid to Raute Corporation's President and CEO, Mr. Tapani Kiiski, in 2021 amounted to altogether EUR 329 thousand, which consists of regular salaries including fringe benefits of EUR 304 thousand and share-based long-term incentive plan (LTI) of 25 thousand.
Tapani Kiiski owned 25 626 series A shares on December 31, 2021.