Board of Directors
The Board of Directors has evaluated the independence of its members and determined that all members are independent of both the company and its major shareholders.
Members of the Board of Directors
Mr. Olli Riikkala, Chairman, b. 1951
M.Sc. (Eng.), M.Sc. (Econ.), MBA (Claremont Graduate University, California, USA)
Chairman of the Compensation Committee
An independent member since 2006
Primary career
2004–2006, GE Healthcare — Information Technologies, Senior Advisor
2003, GE Healthcare, Senior Executive
1997–2004, Instrumentarium Corporation, Managing Director
1979–, employed with Instrumentarium Corporation, holding several management positions involving profit responsibility from 1982 onwards
Other key positions of trust
Chairman of the Board of Helvar Merca Oy Ab, Comptel Corporation, PaloDex Group Oy, Fastems Oy Ab, Helvar Oy Ab
Member of the Board of Tietoenator Corporation, Clinical Research Institute
Helsinki University Central Hospital Ltd, Biomedicum Helsinki Foundation
Mr. Harry Brade, b. 1969
M.Sc. (Eng.), MBA (London Business School)
An independent member since 2007
Primary career
2002- Lamy Corp. Operational investment leadership role
2004- GE Health Care, Regional Leader
2003-2004 GE Health Care, Intergration Manager and Business Development Leader
2000-1999 Nokia Networks, Austria, Manager, Marketing and Sales
1996-1999 Nokia Networks, Finland, Marketing Manager
1994-1996 Datex-Ohmeda, Product Specialist
Other key positions of trust
Chairman of the Board of Lamy Corporation
Member of the Board of Medical Investment Trust Oy
Mr. Per Båtelson, b. 1950
M.Sc. (Physics)
An independent member since 2010
Primary career
2006– Global Health Partner Plc, Managing Director
Capio AB, Managing Director
Other key positions of trust
Chairman of the Board of Apoteket AB 2006–2009
Member of the Board of Permobil AB, Sentoclone AB and Unilabs AB
Mr. Pauli Kulvik, b. 1951
M.Sc. (Eng.), MBA (Centre des Études Industrielles, Geneva, Switzerland)
An independent member since 2006
Primary career
2002– Helmet Capital, partner, Chairman of the Board
1998–2002 Group CEO, Tamro Group
1977–1998 Neste plc:
1994–1998 Director, Group auxiliary staff and EU affairs
1990–1994 Director, Oil sector
1986–1989 Vice President, Marketing companies
1979–1980 Director, Oil prospecting and Commercial coordination unit
1977–1979 Corporate Planning
Other key positions of trust
Chairman of the Board of Elektromet-Yhtiöt Oy, L-Fashion Group Oy, Termorak Oy, Helmet Venture Management Oy, Firecon Oy, Tomi-Steel Oy
Member of the Board of Euracon Oy, IVK-Tuote Oy, Meptek Oy, Rumtec Oy, Hyrles Oy
Ms. Outi Raitasuo, s. 1959
Advocate, Master of Laws (LL.M.), Toronto University
An independent member since 2006
Primary career:
1989– Attorneys at Law Hannes Snellman Ltd, advocate, partner since 1997
1986–1987 Hollola district court, trainee district judge
Other key positions of trust
Member of the Board of Efore Plc, Pontos Oy, RF Micro Devices (Finland) Oy, Mundipharma Oy
Mr. Antti Remes, Vice Chairman, b. 1947
M.Sc. (Econ.)
An independent member since 2006
Chairman of the Audit Committee
Primary career:
2007– Tradeka, President, Senior Advisor
1994–2007 Cooperative Tradeka Corporation, President
1991–1994 Tradeka, President
1989–1990 Tradeka, Vice President
1990–1991 Cooperative Eka Corporation, Vice President, Business Development,
1984–1988 Rautakirja Group, member of the Executive Board
1979–1988 Suomalainen Kirjakauppa Oy, Managing Director
1974–1979 Oy Stockmann Ab
Department store Manager 1976–1979
Planner 1974–1976
1971–1973 Kemira Oy, Accountant
Other key positions of trust
Chairman of the Board of Tradeka Oy, Restel Oy, Taskukirja Loisto Oy
Member of the Board of Metsä-Tissue Oy, Federation of Finnish Commerce
Member of the Supervisory Board of Varma Mutual Pension Insurance company
Member of the Elections Committee of the Confederation of Finnish Industries EK
Mr. Jaakko Uotila, b. 1949
Qualified chemist, Master of Science in Management (California American University)
An independent member since 2006
Primary career
2001– Alko Oy, CEO
1996–2001 University Pharmacy, Pharmacist/Managing Director
1977–1996 Orion Corporation, gaining extensive experience of the pharmaceutical industry in positions involving production, R&D and marketing, most recently Vice President of then Orion-Farmos with responsibility for business development.
Other key positions of trust
Vice Chairman of the Federation of Finnish Commerce
Member of the Board of the Finnish Foundation for Alcohol Studies, Helsinki Region Chamber of Commerce
Member of the Executive Board of Luottokunta
Mr. Mika Vidgrén, b. 1960
Pharmacist, Doctor of Pharmacy, Adjunct Professor (Universities of Helsinki and Kuopio)
An independent member since 2006
Primary career
2006– Espoonlahden Apteekki pharmacy, pharmacist
2002–2005 Savonlinnan III Apteekki pharmacy, pharmacist
1982–2001 Between 1982 and 2001 Mr Vidgrén has been involved in the Finnish and international pharmaceutical industry as well as held the highest research and teaching positions in pharmacy at the Universities of Helsinki and Kuopio. He has also worked at such renowned international research institutes as Baylor College of Medicine in Houston, TX and the Harvard School of Public Health in Boston, MA.
Other key positions of trust
Chairman of the Board of the Association of Finnish Pharmacies, Medifon Oy, Pharmadata Oy, Pharmadomus Oy
Member of the Board of Pharmaserice Oy
President at the Pharmaceutical Group at the European Union
The members of the committees are as follows:
Audit Committee
Mr. Antti Remes, Chairman
Mr. Harry Brade
Ms. Outi Raitasuo
Mr. Mika Vidgrén
Compensation Committee
Mr. Olli Riikkala, Chairman
Mr. Pauli Kulvik
Mr. Jaakko Uotila
The Board also has a Nomination Committee, the members of which are appointed by the Board after hearing the largest shareholders concerning the composition of the committee. Members of the Nomination Committee need not be board members. The purpose of the committee is to prepare proposals concerning the composition of the Board.
Nomination Committee
Mr. Into Ylppö, Chairman
Mr. Harry Brade
Mr. Risto Murto
Mr. Olli Riikkala
Mr. Timo Ritakallio
Mr. Seppo Salonen
