METSÄ BOARD Annual review 2023
MARI KIVINIEMI 1968 MSocSc. (Econ.) Member of the Board since 2022
JUSSI LINNARANTA 1972
MIKKO MÄKIMATTILA 1971 M.Sc. (Agriculture and Forestry), Agronomist Member of the Board since 2023
JUHA VANHAINEN 1961 M.Sc. (Process Technology) Member of the Board since 2023
M.Sc. (Agriculture and Forestry), Agronomist Member of the Board since 2017, Vice Chair of the Board since 2020
Business operations and value creation 2 This is Metsä Board 4 CEO’s review 6
Independent of the Company and its significant shareholder
Independent of the Company. Not independent of the Company’s signifi- cant shareholder
Independent of the Company and its significant shareholder
Independent of the Company. Not independent of the Company’s signifi- cant shareholder
Primary working experience: Apetit Plc , CEO 2015–2019 Stora Enso Oyj , EVP and Country Manager of Finland (several different areas of responsibility) 2007–2015 Stora Enso Oyj , several director and manager positions 1990–2007 Kemi Oy , engineer 1988–1990 Other positions of trust: EKE-Construction Ltd. , Member of the Board of Directors (2022–) Koskisen Corporation Plc , Chair of the Board of Directors (2020–2023) Ponsse Plc , Member of the Board of Directors (2018–) Wihuri Group , Member of the Board of Directors (2018–2021) Ekokem Oyj (now Fortum Waste Solutions Oy), Chair of the Board of Direc- tors (2015–2016), Member of the Board of Directors and Remuneration Committee (2014–2015) FoodDrinkEurope , Member of the Board of Directors (2018–2019) Finnish Food and Drink Industries’ Federation (ETL) , Member of the Board of Directors and Working Committee (2015–2019) Sucros Ltd , Vice Chair of the Board of Directors (2015–2019) Pohjolan Voima Oy , Vice Chair of the Board of Directors and Member of the Remuneration Committee (2008–2015) Finnish Forest Industries Federation , Chair of the Board of Directors and Working Committee (2012–2013), Vice Chair of the Board and Working Committee (2008–2011) Confederation of European Paper Industries (CEPI) , Member of the Board of Directors (2012–2013) Stora Enso Suzhou Paper (Suzhou) Co., Ltd. , Chair of the Board of Direc- tors (2012–2014) Ilmarinen Mutual Pension Insurance Company , Member of Supervisory Board (2009–2015) Efora Oy , Chair of the Board of Directors (2013–2015), Member of the Board of Directors (2009–2013) Stora Enso Huatai Paper (Shandong) Co., Ltd. , Chair of the Board of Direc- tors (2009–2014) Stora Enso Arapoti Industria De Papel S.A. , Member of the Board of Direc- tors (2009–2014) Fortek Oy , Chair of the Board of Directors (2003–2008), Member of the Board of Directors (1999–2003)
Primary working experience: Finnish Commerce Federation , Managing Director (2019–) OECD , Deputy Secretary General (2014–2018) Finnish Prime Minister (2010–2011)
Strategy and financial targets
Primary working experience: RockRobot Oy , CEO (2021–) Forestry and agriculture entrepreneur (1994–)
8
Value creation
Primary working experience: Thermal entrepreneur (2003–) Forest and Agricultural entrepreneur (2001–) Ministry of Agriculture and Forestry , Information and Research Centre, various positions (1997–2007) Positions of trust: Metsäliitto Cooperative , Member of the Supervisory Board (2004–2016), Member of the Board (2017–), Vice Chair of the Board (2019), Chair of the Board (2020–) Pellervo Coop Center , Member of the Board (2020–) Pohjois-Savo Cooperative Bank , Member of the Representative Council (2014–2017) The Central Union of Agricultural Producers and Forest Owners (MTK) , Member of the Energy Committee (2007–2008, 2014–2016)
Financial development 10 Key figures 12
Minister of Public Administration and Local Government (2007–2010) Minister for Foreign Trade and Development and Minister for European Affairs (2005–2006) Member of Parliament , Finland, (1995–2014) Positions of trust: The Finnish Fare Foundation , Member of the Board (2024–) Vaasa University , Chair of the Board (2022–) Asian Infrastructure Investment Bank , International Advisory Panel (2021–) Savonlinna Opera Festival’s Board of Trustees , member (2020–) Blic Public Affairs , Member of the Board (2019–2022) Messukeskus Helsinki , Member of Supervisory Board (2019–2021) Suomi Mutual , Member of the Board (2013–2014) The Finnish Centre Party , Leader (2010–2012) Helsinki City Council , member (2005–2012) The Finnish Centre Party , Deputy Party Leader (2003–2008) Uusimaa Regional Counci l, member (2004–2008) Ilkka-Yhtymä Group , member of Supervisory Board (2006–2007) Finnish National Opera Foundation , Member of the Board (2004–2007 and 2013–2014) Lännen Tehtaat Oyj , Member of Supervisory Board (1996–2005)
Potila Tuotanto Oy , CEO (2017–2020) Dometal Oy , CEO, partner (2011–2021) Multiva Magyarország Kft. , CEO of the Hungarian subsidiary (2013–) Farmit Website Oy , CEO (2005–2010) Lännen Tehtaat Oyj , Development manager (2003–2005) Suomen Gallup Elintarviketieto Oy , Research manager (2001–2003) Pellervon taloudellinen tutkimuslaitos , Researcher (1998–2001) Positions of trust: Metsäliitto Cooperative , Member of the Board (2020–), Vice Chair of the Board (2023–) Pellervo Coop Center , Member of the Delegation (2023–) LähiTapiola Loimi-Häme Regional Mutual Insurance Company , Member of the Board (2008–2022) LocalTapiola General Mutual Insurance Company , Member of the Supervi- sory Board (2014–2023) Dometal Oy , Member of the Board (2012–2021) Potila Tuotanto Oy , Member of the Board (2013–2020) Lähivakuutus Cooperative , Member of the Supervisory Board (2011–2014) Forestry Management Association Loimijoki , Member of the Delegation (2005–2019)
Report of the Board of Directors
20 72
• Sustainability statement • Sustainability statement assurance report
74
Consolidated financial statements
78 Notes to the consolidated financial statements 126 Parent company financial statements 129 Notes to the parent company financial statements 142 The Board’s proposal to the Annual General Meeting for the distribution of funds 143 Auditor’s Report 147 Shares and shareholders 151 Ten years in figures 152 Taxes 153 Production capacities 155 Calculation of key ratios and comparable performance measures Corporate governance 157 Corporate governance statement 165 • Board of Directors of Metsä Board 168 • Corporate Management Team of Metsä Board
Shares owned: 36,211 B shares
JUKKA MOISIO 1961 M.Sc. (Econ), MBA Member of the Board since 2020
Alko Inc. , member of Supervisory Board (2002–2003) Leonia Bank , Member of Supervisory Board (1997–2000) VR Group Ltd , Member of Supervisory Board (1995–1997)
Independent of the Company and its significant shareholder
Shares owned: 17,283 B shares
Primary working experience: Nokian Tyres plc , President and CEO (2020–) Huhtamäki Oyj , President and CEO (2008–2019) Ahlström Oyj , various duties (1991–2008), President and CEO (2004–2008) McKinsey & Company , Associate (1989–1991) Positions of trust: Paulig Oy , Member of the Board of Directors (2019-), Chair of the Board of Directors (2020–) Sulapac Oy , Chair of the Board of Directors (2019–) Atria Oyj , Member of the Board of Directors (2014–2022) Neles Corporation , Chair of the Board of Directors (2020–2021)
Shares owned: 8,685 B shares
170 Remuneration report 174 Investor relations and investor information
Shares owned: 9,460 B shares
The shareholdings also take into account any shares held by controlling entities on 31 December 2023.
Shares owned: 17,283 B shares
166
167
Corporate governance statement | METSÄ BOARD ANNUAL REVIEW 2023
Powered by FlippingBook