Board of Directors of Metsä Board The Annual General Meeting 2024 elected the following persons as members of the Board of Directors:
METSÄ BOARD Annual review 2024
Business operations and value creation 2 This is Metsä Board 4 CEO’s review 6
LEENA CRAELIUS b. 1971 Female MBA, Finance Member of the Board since 2024
RAIJA-LEENA HANKONEN-NYBOM b. 1960 Female M.Sc. (Econ.), Authorised Public Accountant degree Member of the Board since 2021
ERJA HYRSKY b. 1979 Female M.Sc. (Econ.) Member of the Board since 2021
ILKKA HÄMÄLÄ b. 1961 Male M.Sc. (Engineering) Vuorineuvos, (Finnish honorary title) Chair of the Board since 2018
Strategy and financial targets
8
Value creation
Financial development 10 Key figures 12
Report of the Board of Directors
Independent of the company and its significant shareholder
Independent of the company and its significant shareholder
Independent of the company and its significant shareholder
Not independent of the company or its significant shareholder
20 20 37 70 89 96
• Sustainability statement
Primary working experience: SSAB AB (publ), Executive Vice President and Chief Financial Officer, (2021– ) SSAB Europe Oy , Vice President of Finance and Controlling, SSAB Europe division (2016–2021) Paroc Oy , Technical Insulation business, Business Controller (2015–2016) SSAB Europe Oy , (former Ruukki Metals Oyj), various tasks of the manager of the financial sector (2009–2015) Rautaruukki Oyj , various tasks in the financial sector (2005–2009) Outokumpu Oyj , various tasks in the financial sector (2002–2005)
Primary working experience: KPMG Oy Ab : Chair of the Board (2016–2018) CEO (2010–2016) Lead Audit Partner of Large Corporates in Financial Services, Manufactur- ing and Retail Industry (2006–2019) Head of Audit (2006–2010) Various audit and IFRS client engagements in Finland and abroad (1987–2005) Other positions of trust: Cargotec Corporation , Member of the Board and Chair of the Audit and Risk Management Committee (2023–) Danske Bank A/S , Member of the Board, Chair of the Audit Committee (2020–) Posti Group Oyj , Member of the Board and Chair of the Audit, Risk and Sustainability Committee (2020–) Helsinki Deaconess Institute Foundation sr , Member of the Board (2020–) and Chair of the Audit Committee (2022–) Directors’ Institute Finland ry , Member of the Board (2021–2024) Savonlinna Opera Festival Support Association ry , Member of the Board (2018–) Jalmari and Rauha Ahokas Medical Foundation sr , Chair of the Supervisory Board (2018–2022), Member of the Supervisory Board (2013–2017), Chair of the Board (2008–2012), Member of the Board (2005–2007), Member of the Delegation (1999–2004)
Primary working experience: Unilever Nordics , Ice Cream Lead, Nordics (2021–) Unilever PLC , Strategy Director, Global Markets (2019–2021)
Primary working experience: Metsä Group , CEO and President (2018–) Metsäliitto Cooperative , CEO (2018–) Metsä Fibre Oy , CEO (2008–2017) Oy Metsä-Botnia Ab (now Metsä Fibre Oy), previously various management positions (1988–2008)
General information
E – Environment
S – Social responsibility
Unilever Finland Oy , Managing Director, Sales Director (2013–2019) Procter & Gamble Oy , various managerial positions in sales (2006–2013) Hewlett Packard Oy , various positions in sales and marketing (2004–2006) Other positions of trust: Finnish Food and Drink Industries’ Federation (ETL) , Member of the Board (2016–2019) Polaris Pension Fund , Chair of the Board (2016–2019)
G – Governance
Annexes to the Sustainability statement
98 Consolidated financial statements 102 Notes to the consolidated financial statements 150 Parent company financial statements 153 Notes to the parent company financial statements 166 The Board’s proposal to the Annual General Meeting for the distribution of funds 167 Auditor’s Report 171 Sustainability statement assurance report 173 Shares and shareholders 177 Ten years in figures 178 Taxes 179 Production capacities 181 Calculation of key ratios and comparable performance measures Corporate governance 183 Corporate governance statement 190 • Board of Directors of Metsä Board 194 • Corporate Management Team of Metsä Board
Other positions of trust: Metsä Fibre Oy , Chair of the Board (2018–) Metsä Spring Oy , Chair of the Board (2018–) Metsä Tissue Corporation , Chair of the Board (2018–)
Shares owned: 4,761 B shares
The Finnish National Theatre, Member of the Board (2024–) Finnish-Swedish Chamber of Commerce , Member of the Council (2023–) Confederation of European Paper Industries (CEPI) , Member of the Board (2018–), Member of the Steering Committee (2020–) Finnish Forest Industries Federation , Member of the Board (2012–), Vice Chair of the Board and the Board’s Working Committee (2021–), Chair of the Election Committee (2021–) Ilmarinen Mutual Pension Insurance Company , Member of the Supervisory Board (2009–), Chair of the Supervisory Board (2021–) University of Jyväskylä , Member of the Fund Management Committee (2021–) Finnish Chambers of Commerce , Member of the Delegation (2018–) Helsinki Region Chamber of Commerce , Member of the Delegation (2018–) Finnish Quality Association , Member of the Advisory Board (2008–), Member of the Board (2018–), Chair of the Board (2020–) Pohjolan Voima Oyj , Deputy Member of the Board (2009–) China Office of Finnish Industries Oy , Member of the Board (2022–2024) Finnish Business and Policy Forum (Eva) , Member of the Board (2021–2024) ETLA Economic Research , Member of the Board (2021–2024)
Shares owned: 19,269 B shares
Shares owned: 22,653 B shares
Shares owned: 301,849 B shares
196 Remuneration report 201 Investor relations and investor information
190
191
Corporate governance statement | METSÄ BOARD ANNUAL REVIEW 2024
Powered by FlippingBook