Annual Report 2013

Corporate governance

Management Team

Finnish Industry Investment's Management Team implements the company's strategy and makes proposals to the Board of Directors regarding investment decisions. The Management Team comprises the CEO and the Directors of the company's operations.

In 2013, the members of the Management Team were: Juha Marjosola (President & CEO), Jouni Hakala (Director, New Investment Opportunities and Public Affairs), Jussi Hattula (Director, Venture Capital), Marko Häikiö (CFO), Antti Kummu (Director, M&A and Buyouts), Anne Riekki (Director, Fund Investments).

Juha Marjosola

Jouni Hakala

Jussi Hattula

Marko Häikiö

Antti Kummu

Anne Riekki


Board of Directors

The FII Board of Directors makes all investment decisions. The Board of Directors comprises the Chairman of the Board as well as at least four and at most seven other members of the Board. The Annual General Meeting elects the members and the Chairman of the Board of Directors. The Board of Directors elects from amongst its members a deputy Chairman, and also appoints the President & CEO of the company. The President & CEO reports regularly to the Board of Directors about the company's business operations.

Board committees:

  • Auditing committee: The duties of the auditing committee mainly involve preparation of matters relating to the company's financial reporting, financial monitoring and auditing.
  • Remuneration committee: The duties of the remuneration committee include preparation of matters relating to remuneration of management and to the company's remuneration systems.

The members of the Board of Directors in 2013 were: Jukka Alho (Chairman of the Board), Urpo Hautala (Financial Councellor, Ministry of Finance), Sari Lounasmeri (CEO, The Finnish Foundation for Share Promotion), Inka Mero (Co-Founder, KoppiCatch Oy), Leena Mörttinen (Director, Confederation of Finnish Industries EK), and Mika Niemelä (CFO, Ministry of Employment and the Economy), Tuomo Rönkkö (CEO, Maintpartner Oy - Member of FII Board until 13.1.2014).

Jukka Alho

Urpo Hautala

Sari Lounasmeri

Inka Mero

Leena Mörttinen

Mika Niemelä


Tuomo Rönkkö


Investment Council

The Investment Council functions as an advisory body to the Board of Directors and promotes the company's community relations. The Investment Council represents all the major stakeholders of the company.

The members of the Investment Council in 2013 were Antti Tanskanen (Chairman), Matti Bergendahl (Managing Director, Mehiläinen Oy), Kaija Erjanti (Director, Federation of Finnish Financial Services), Mika Kari (MP, Social Democratic Party), Ari Korhonen (Business Angel), Olli Koski (Chief Economist, Central Organisation for Finnish Trade Unions SAK), Lasse Männistö (MP, National Coalition Party), Arto Pirttilahti (MP, Centre Party), Pekka Soini (Director General, Tekes), Tommi Toivola (Senior Advisor, Confederation of Finnish Industries EK), and Kaj Turunen (MP, The Finns Party).

Antti Tanskanen

Matti Bergendahl

Kaija Erjanti

Mika Kari

Ari Korhonen

Olli Koski

Lasse Männistö

Arto Pirttilahti

Pekka Soini

Tommi Toivola

Kaj Turunen



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