The Metsä Group has an Executive Management Team with the Metsä Group's President and CEO as its chairman. The Executive Management Team assists the President and CEO in the planning and operational management of business operations and prepares proposals to the Board of Directors, such as business strategies, budgets and significant investments. The Executive Management Team has no authority based on laws or rules. The Executive Management Team comprises the Metsä Group's President and CEO, Presidents of the subsidiaries, Directors of the Metsä Wood and Metsä Forest business areas and the Group's CFO, Strategy Officer and Legal Counsel. The Executive Management Team convenes as summoned by the Chairman, primarily twice a month, and additionally whenever necessary.