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United Kingdom

Valmet Oyj (VALMT.HE)

VALMT.HE on Helsinki Stock Exchange

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14 Dec 2017
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Summary

Name Age Since Current Position

Bo Risberg

61 2015 Independent Chairman of the Board

Pasi Laine

54 President, Chief Executive Officer, Member of the Executive Team

Jouko Karvinen

60 2017 Independent Vice Chairman of the Board

Kari Saarinen

55 2015 Chief Financial Officer, Member of the Executive Team

Anu Salonsaari-Posti

48 Senior Vice President of Marketing and Communications, Member of the Executive Team

Julia Macharey

39 Senior Vice President of Human Resources, Member of the Executive Team

Juha Lappalainen

54 2016 Senior Vice President of Strategy and Operational Development, Member of the Executive Team

William Bohn

62 Area President, North America; Member of the Executive Team

Bertel Karlstedt

54 2015 Business Line President, Pulp and Energy; Member of the Executive Team

Aki Niemi

47 Area President, China; Member of the Executive Team

Hannu Pietila

54 Area President, Asia Pacific; Member of the Executive Team

Sakari Ruotsalainen

61 2015 Business Line President, Automation and Member of the Executive Team

Vesa Simola

49 2015 Area President, EMEA; Member of the Executive Team

Celso Tacla

52 Area President, South America; Member of the Executive Team

Jukka Tiitinen

51 Business Line President, Services; Member of the Executive Team

Jari Vahapesola

57 Business Line President, Paper; Member of the Executive Team

Aaro Cantell

53 2016 Director

Eija Lahti-Jantti

53 2014 Director, Personnel Representative

Lone Foenss Schroeder

56 2014 Independent Director

Eriikka Soderstrom

49 2017 Independent Director

Tarja Tyni

59 2016 Independent Director

Rogerio Ziviani

60 2013 Independent Director

Hanna-Maria Heikkinen

Vice President, Investor Relations

Biographies

Name Description

Bo Risberg

Mr. Bo Risberg has been Independent Chairman of the Board of Valmet Corporation since March 27, 2015. He is Chairman of the Company's Human Resources and Remuneration Committees, as well as Member of the Company's Nomination Committee. Bo Risberg serves as Chairman of the Board of Directors in Piab Group Holding AB. He is also Vice Chairman of the Board of Grundfos Holding A/S and IMD (International Management Development Institute), as well as Board Member of Norstjernan AB and Trelleborg AB. Before that Risberg worked for Hilti Corporation during years 1999-2013 of which as Chief Executive Officer during 2007-2013. During 1995-1999 he has worked as Management Consultant for A.T. Kearney Inc. Risberg has held various positions at ABB Group during years 1988-1995, and worked as Manager of the Project Department and Applications Engineer, Pulp and Paper Systems for Flakt Canada Ltd. during years 1981-1987. He holds Bachelor of Science in Mechanical engineering and Master of Business Administration.

Pasi Laine

Mr. Pasi Kalevi Laine serves as President, Chief Executive Officer and Member of the Executive Team of Valmet Corporation. He was Member of the Executive Team of Metso from 2006 to 2013. From December 2011 to December 2013, he was President of Metso Pulp, Paper and Power. From 2011 until October 2013, he was Metso’s Executive Vice President, and Deputy to the Chief Executive Officer. He was President of Paper and Fiber Technology in 2011, President of Energy and Environmental Technology segment between 2008 and 2011, President of Metso Automation between 2006 and 2011 and President of Metso Automation’s Field Systems business line between 2003 and 2006. He also served as Senior Vice President of Metso Automation’s Pulp and Paper Automation Solutions business unit between 2002 and 2003, and Vice President of the Process & Energy business unit between 1998 and 2002. He acted as Managing Director of Elsag Bailey Hartmann & Braun Oy between 1996 and 1998, and held various positions at Valmet Automation in Finland, Canada, Germany and the United Kingdom between 1988 and 1996. He holds a Master of Science degree in Engineering.

Jouko Karvinen

Mr. Jouko Karvinen has been Independent Vice Chairman of the Board of Directors of Valmet Corporation since March 23, 2017. He has been Independent Director of the Company since March 22, 2016. He is also Member of the Board's Remuneration and HR Committee at the Company. He has served as the CEO of Stora Enso Oyj between 2007 and 2014. Before that Karvinen served as the CEO of the Medical Systems Division and Executive Vice President of Royal Philips. From early 80’s until 2001 Karvinen held various managerial and executive positions, including as Executive Vice President of ABB Asea Brown Boveri Ltd. & Head of Automation Technology Products Division. He serves since 2011 at Nokia Oyj as Chairman of Audit Committee since 2012 and Member of Nomination and Governance Committee. Since 2010 he serves at SKF AB as Member of Personnel Committee and since 2016 he serves at Foundation Board and Supervisory Board of IMD business school, Lausanne, Switzerland. Since 2016 he serves at International Advisory Board of Komatsu Corporation of Japan. He holds Master of Science degree in Technology.

Kari Saarinen

Mr. Kari Saarinen has been appointed Chief Financial Officer and Member of the Executive Team at Valmet Corporation effective as of November 15, 2015. Before that, he has served as Senior Vice President, Strategy and Operational Development and Member of the Executive Team of Valmet Corp. Between 2011 and 2013, he was the Senior Vice President of Finance of Metso Pulp, Paper and Power. He was the Area Chief Financial Officer (CFO) of Middle East and Africa Region of Nokia Siemens Networks Oy between 2009 and 2011 and the Area CFO of Greater China Region of Nokia Siemens Networks Oy between 2007 and 2009. Prior to that, he served as the Director of Business Control and Finance of Greater China Region of Nokia Networks Oy between 2003 and 2007 and the Director of Business Control of Nokia Networks Oy between 1997 and 2003. He has held multiple positions at Marimekko Oy, including the General Manager and CFO between 1995 and 1997, the CFO between 1991 and 1995 and Controller between 1989 and 1991. He was Manager of Finance at Baltic Data Oy between 1987 and 1989 and Management Accountant at Cultor Oy between 1985 and 1987. He holds a Master of Science degree in Accounting and Finance.

Anu Salonsaari-Posti

Ms. Anu Salonsaari-Posti serves as Senior Vice President of Marketing and Communications and Member of the Executive Team of Valmet Corporation. She was Senior Vice President of Marketing and Communications of Metso Pulp, Paper and Power in 2013. She was the Vice President of Group Communications of Metsa Group between 2010 and 2013. Prior to that, she was the Head of Communications and Sustainability of Heat Division of Fortum Corporation between 2009 and 2010 and the Vice President of Communications and Marketing of Fortum Power and Heat Oy between 1999 and 2009. She held various positions at Imatran Voima Oy, including Marketing and Communications Manager between 1997 and 1998, Marketing Manager between 1995 and 1997 and Marketing Planner between 1994 and 1995. She holds a Master of Science degree in Economics and in Business Administration and a Master of Science degree in Business Administration.

Julia Macharey

Ms. Julia Macharey serves as Senior Vice President of Human Resources and Member of the Executive Team of Valmet Corporation. She was Senior Vice President of Human Resources of Metso Pulp, Paper and Power from 2012 to 2013. She was the Vice President of Human Resources of Poyry Plc’s Industry Business Group between 2007 and 2012. Prior to that, she was the Senior Manager of Business HR of Nokia Corporation’s Manufacturing Solutions between 2006 and 2007 and the Senior Manager of Business HR of Nokia Corporation’s Sourcing and Procurement between 2004 and 2006. She served as a HR Manager of Team-hased work systems at SCA Hygiene Products Ltd between 2002 and 2004, a HR Manager at SCA Hygiene Products GmbH between 2001 and 2002 and a HR Trainee at SCA Hygiene Products GmbH between 2000 and 2001. She holds a Master of Science degree in Economics and a Bachelor of Arts degree in Intercultural Communication.

Juha Lappalainen

Mr. Juha Lappalainen has been Senior Vice President of Strategy and Operational Development and Member of the Executive Team at Valmet Corporation since January 4, 2016. From October 2013 to December 2015 he was Vice President, Procurement at Valmet. Between 1994 and 2012 Juha Lappalainen held several positions in Nokia and NSN. In 2012 he was Head of Technology for NSN’s Europe and Africa Customer Operations, and in 2009-2012 the Head of Sales, Mobile Broadband. Between 2003 and 2009 he worked in several business management, integration and M&A activities. Between 2001 and 2003 he was Vice President, Sales and Marketing for Mobile Networks in North America. Before that he worked in several product, marketing and business management jobs in Nokia. After graduation from Helsinki University of Technology Mr. Lappalainen worked for IBM and two years at CERN, European Laboratory for Nuclear Research in Switzerland. Mr. Lappalainen holds a Master of Science degree in Electrical Engineering.

William Bohn

Mr. William (Bill) Bohn serves as Area President, North America and Member of the Executive Team of Valmet Corporation. He was Area President of North America of Metso Pulp, Paper and Power from 2011 to 2013. He was Area Vice President of North America of Metso’s Fiber Technology business line between 2004 and 2011, Vice President of Metso’s U.S. South Service Sales between 2003 and 2004 and Vice President of Metso’s Mechanical Pulping Sales between 2002 and 2003. He was General Sales Manager of North America Stock Preparation and Recycled Fiber of Valmet Corporation between 1993 and 2002. He held various sales and technology positions at Andritz companies between 1982 and 1993. He was Research Associate at Scott Paper Company between 1980 and 1982 and worked with Research and Development matters at CE-Bauer between 1976 and 1980. He is a past President of the Board of Directors and Director Emeritus of Syracuse Pulp and Paper Foundation. He holds Bachelor of Science degrees in Pulp and Paper and Bachelor of Science in Forestry.

Bertel Karlstedt

Mr. Bertel Karlstedt has been Business Line President, Pulp and Energy and Member of the Executive Team at Valmet Corporation since February 1, 2015. Prior to that, he was the President and CEO of Nordkalk Corporation (2006-2015) and a member of the Rettig Group management team between 2010 and 2015. He was the Executive Vice President of Metso Paper in 2005, the President and CEO of Metso Paper between 2003 and 2005, President of Paper Making Lines of Valmet-Rauma Corporation and Metso Paper between 1999-2003, Business Unit Executive for Pulp Drying Machines unit at Valmet 1996-1999, Product Manager, Air Dryers at Valmet Paper Machinery between 1992 and 1996, and Senior Research and Development Engineer at Valmet Paper Machinery between 1991-1992. He worked as Sales and Applications Engineer and as Research and Development Engineer at Valmet Paper Machinery between 1990 and 1991 and between 1988 and 1989. He holds a Master of Science degree in Thermodynamics.

Aki Niemi

Mr. Aki Niemi serves as Area President, China and Member of the Executive Team of Valmet Corporation. He was the Area President of China of Metso Pulp, Paper and Power in 2013. He was the Vice President of Operations of China of Metso Pulp, Paper and Power between 2011 and 2013. Prior to that, he was the General Manager of Onsite operations of Metso’s Paper and Board Machine business unit between 2007 and 2011 and the Manager of Process Start-ups of Metso’s Paper and Board business line between 2003 and 2007. He acted as the Senior Manager of Metso’s Paper Technology between 1998 and 2003 and as the Manager of Metso’s Paper Technology between 1997 and 1998. He was Customer Service Engineer at Valmet Corporation between 1994 and 1997. He holds a Master of Science degree in Engineering.

Hannu Pietila

Mr. Hannu T. Pietila serves as Area President, Asia Pacific and Member of the Executive Team of Valmet Corporation. He was Area President of Asia Pacific of Metso Pulp, Paper and Power from 2012 to 2013. He was the Head of Sales and Marketing of Metso’s Paper Mills business unit between 2011 and 2012. Prior to that, he was the Vice President of Capital Sales of Metso’s Paper business line between 2009 and 2011, the Vice President of Sales of Metso’s Paper business line between 2007 and 2009 as well as Senior Vice President of Sales and Marketing of Metso’s Paper business line between 2006 and 2007, the Vice President of Sales of Metso’s Board business line between 2004 and 2006 and the Vice President of Sales of North America of Metso’s Board business line in 2003. He was Senior Sales Manager of China and Asia Pacific of Metso between 2000 and 2003. He acted as the President of Valmet Indonesia of Valmet Corporation between 1997 and 2000. Prior to that, he held various positions in Sales and Engineering at Valmet Corporation between 1986 and 1997. He holds a Bachelor of Science degree in Mechanical Engineering.

Sakari Ruotsalainen

Mr. Sakari Ruotsalainen has been appointed Business Line President, Automation and Member of the Executive Team of Valmet Corporation, effective as of April 1, 2015. He was President of Metso Automation’s Process Automation Systems Business Line between December 2007 and March 2015. Prior to that he worked between 1996 and 2007 for Tieto Corporation, where he held, among others, the positions of Senior Vice President of the Forest Business Unit (2001 – 2007) and Vice President of the Mill Systems Business Unit (1999 – 2001). Sakari Ruotsalainen held various managerial positions at Procons Ltd and Valmet Automation between 1986 and 1995. He has been based in Switzerland and Germany for several years. Earlier Sakari Ruotsalainen worked in IT and project management positions in Finnish companies. He holds a Master of Science degree in Electrical Engineering.

Vesa Simola

Mr. Vesa Simola has been appointed Area President, EMEA and Member of the Executive Team at Valmet Corporation effective as of August 1, 2015. Prior to that, he was employed as Senior Vice President of the Consumer Board Division at Stora Enso (2012-2015). Mr. Simola has worked in many different management positions at Stora Enso: Senior Vice President, Liquid and Food Service Board Business Unit 2008-2012, Vice President, Food Service Boards and Fresh Liquid Packaging Boards 2006-2008, Sales Manager/ Director, Liquid Packaging Board 1999-2006, and Production Manager, Tainionkoski Mill 1998-1999. Mr. Simola worked as Production Manager, Heinola Fluting Mill at Enso Oy 1995-1998 and as R&D Engineer at Kerayskuitu Oy 1993-1995. Mr. Simola holds a Master of Science degree in Engineering.

Celso Tacla

Mr. Celso Tacla serves as Area President, South America and Member of the Executive Team of Valmet Corporation. He was Area President of South America of Metso’s Pulp Paper and Power from 2011 to 2013. He was President of Metso Paper South America responsible for Pulp, Paper and Power businesses in South America between 2008 and 2011 and Director of the Power business line of Metso Paper Sulamericana, in Brazil, between 2007 and 2008. He has also served as Director for Power business line at Kvaerner do Brazil between 2004 and 2007, Commercial Manager at Kvaerner Pulping between 2000 and 2004 and Sales Manager at Kvaerner Pulping between 1994 and 2000. In addition, he was Sales Manager at Gotaverken Energy do Brazil between 1992 and 1994. He has held various positions at Coselpa Cia de Celulose e Papel do Parana between 1986 and 1992. He is a member of the Board of Directors of Brazilian Technical Association of Pulp and Paper (Associacao Brasileira Tecnica de Celulose e Papel, ABTCP) and also of the Brazilian Association for the Machinery and Equipment Industry, PR Regional Office (Associacao Brasileira da Industria de Maquinas e Equipamentos, ABIMAQ/SINDIMAQ-PR). He holds a Master of Business Administration degree and is a Production engineer and a Chemical engineer.

Jukka Tiitinen

Mr. Jukka Tiitinen serves as Business Line President, Services and Member of the Executive Team of Valmet Corporation. He was President of the Services business line of Metso Pulp, Paper and Power from 2011 to 2013. He was President of Metso Paper, Inc. North America between 2004 and 2011 and President of Metso Paper, Inc.’s Service business line between 2001 and 2004. Prior to that, he was Vice President of Roll Services of North America business unit at Metso Paper USA Inc. / Valmet Inc. between 2000 and 2001. He has held various positions in the Paper Service organizations of Valmet Corporation and Metso in North America, Australia and Finland, including Vice President and General Manager of the Hudson Falls Division of Valmet Inc. He holds a Master of Science degree in Engineering.

Jari Vahapesola

Mr. Jari Vahapesola serves as Business Line President, Paper and Member of the Executive Team at Valmet Corporation. He was the President of Paper business line of Metso Pulp, Paper and Power from 2011 to 2013. He was the Senior Vice President of Paper Machines and Finishing business units in 2011, the Senior Vice President of Paper Machines business unit between 2008 and 2011 and the Senior Vice President of Service business unit between 2007 and 2008. Jari Vahapesola acted as the President of Service business line between 2006 and 2007 as well as the Senior Vice President of Services between 2004 and 2005 and the Senior Vice President of Sales and Marketing between 2002 and 2004. Jari Vahapesola was the Managing Director of Metso Paper Limited, UK between 2000 and 2001. He was also Product Development Engineer at Metso between 1987 and 1993 and Product Development Engineer at Fiskars Oy Ab between 1984 and 1987. He holds a Master of Science degree in Engineering and a Diploma in International Marketing Management.

Aaro Cantell

Mr. Aaro Sakari Cantell has been Member of the Board of Directors of Valmet Corporation since March 22, 2016. He is an entrepreneur and Chairman of the Board in Normet Group Oy since 2005. Before that Cantell worked as Managing Partner and Owner at Fenno Management Oy during 1997-2007. Cantell has worked for Finnish Innovation Fund Sitra as Investment Director during 1993-1997, for Cantell Oy as consultant during 1992-1993, and for Fibox Oy Ab as Product Marketing Manager during 1990-1992. Before that, Cantell has worked for Fiskars Oyj Abp during 1989-1990 and for Helsinki University of Technology during 1987-1989. He is also Chairman of VTT Technical Research Centre of Finland Ltd and Affecto Oyj, as well as Member of the Board of Federation of Finnish Technology Industries and Member of the Board Executive Committee. He holds Master of Science degree in Technology.

Eija Lahti-Jantti

Ms. Eija Lahti-Jantti has served as Personnel Representative on the Board of Directors of Valmet Corporation since 2014. She is Project Coordinator at the Company. She has worked for Valmet in various positions since 1988. She holds a Master of Business Administration degree.

Lone Foenss Schroeder

Ms. Lone Foenss Schroeder has served as Independent Member of the Board of Directors of Valmet Corporation since March 26, 2014. She is Chairman of the Audit Committee. She has worked as President and Chief Executive Officer in Wallenius Lines AB between 2005 and 2010. In 2002 she was Executive Vice President, Business Director and CFO in CMC Biotech A/S. Before joining CMC Biotech she also held various executive positions in A P Moeller Maersk A/S (1982-2003), including Senior Vice President during 1996 and 2002. From 2003 to 2005, she was working Chairman and working Board Member in the reconstruction of the Kvaerner-Aker group of companies. She also serves as Board Member of Saxobank A/S, Volvo PV AB, Schneider SE, Bilfinger Berger SE, INGKA Holding B.V, Akastor ASA, Canada Steamship Lines and Credit Suisse London. She was previously Board Member and Member of the Audit Committee at Yara International ASA (2004-2009) and Board Member and Member of the Audit Committee at Vattenfall AB (2003-2012), as well as Member of the Audit Committee of Aker Solutions (2009-2014). She holds a Master of Science degree in Economics, Accounting and a Master of Legal Letters degree.

Eriikka Soderstrom

Tarja Tyni

Ms. Tarja Tyni has been Independent Member of the Board of Directors of Valmet Corporation since March 22, 2016. She is also Member of the Board's Audit Committee at the Company. She works as Senior Vice President, Corporate Clients and Business Development in Mandatum Life Insurance Company Limited since 2008. Before that she worked for Nordea Bank Finland Abp as Head of Corporate Finance and Equities between 2007 and 2008, and for Nordea Corporate Finance Oy as Executive Director between 1996 and 2007. Tyni worked as Vice President, Debt Issues for Union Bank of Finland Ltd and Merita Bank Ltd between 1989 and 1996. She is Chairman of Innova Oy and Mandatum Life Investment Services Ltd, as well as Board Member of Euroben Life & Pension Limited. She holds Master of Legal Letters degree.

Rogerio Ziviani

Mr. Rogerio Ziviani has served as Independent Member of the Board of Directors of Valmet Corporation since 2013. He holds a Bachelor of Science degree in Business Management and a Master of Business Administration degree. He served as Head of Pulp Business Unit of Suzano Papel e Celulose S.A. between 2004 and 2008, International Business & Logistic Executive Director of Suzano Papel e Celulose S.A. between 2001 and 2004 and Executive Director of BahiaSul Celulose S.A. between 1990 and 2001. He is Member of the Board of Innovatech Negocios Florestais. Previously, he was Member of the Board of Autometal S.A. (2013-2014), Sao Carlos Empreendimentos e Participacoes S.A. (2011-2013), Marcopolo S.A. (2009-2012) and Duratex S.A (2009-2011).

Hanna-Maria Heikkinen