CEO and President

Chairman Louis d’Alançon acted as President and CEO until February 29, 2020. Nicolas Cederström Warchalowski was appointed as new President and CEO on February 12, 2020 and he started in his position on March 1, 2020.

The CEO acts as the Group's President. The duties and responsibilities of the President are set forth in the Finnish Companies Act. The President & CEO is responsible for the operative management within scope of the strategic and operative plans, budgets and action plans approved by the Board of Directors. Unless separately authorized by the Board of Directors, the CEO shall not take actions, which may be considered unusual or far-reaching in the view of the scope and nature of the Group's business. The CEO shall ensure that the accounting of the company complies with the law and that the financial management of the company has been arranged in a reliable manner.

The CEO is entitled to represent the company in any matter within his/her authority. The CEO chairs the Executive Committee. The CEO’s service terms and conditions have been specified in writing in a service agreement approved by the Board.

The CEO and his/her deputy, are appointed by the Board of Directors.

Executive Committee of the Group

The Executive Committee assists the CEO in planning and managing the operations of the Group. The members of the Executive Committee report to the CEO. The Executive Committee convenes under the leadership of the CEO and is composed of different Executive Committee members depending on the matter at hand.

President and CEO Nicolas Cederström Warchalowski acts as Chairman of the Executive Committee.