According to the Metsäliitto Cooperative rules and legislation, the task of the Board of Directors is to ensure that Metsäliitto Cooperative's and Metsä Group's operations and administration are appropriately arranged. The Board of Directors comprises a minimum of five and a maximum of eight members elected by the Supervisory Board.
CV's of the members of the Board of Directors and their holdings in Metsä Group can be viewed by clicking the plus sign which is at the bottom right of the picture.
b. 1972
M.Sc (Agriculture and Forestry)
Agronomist
Member of the Board since 2017, Chair of the Board since 2020
Forest and Agricultural entrepreneur (2001–)
Thermal entrepreneur (2003–2023)
Ministry of Agriculture and Forestry, Information and Research Centre, various positions (1997–2007)
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–)
Metsä Board Corporation, Member of the Board (2017–), Vice 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)
Participation (own, under common ownership and by controlled corporations) in Metsäliitto Cooperative on 31 December 2024: EUR 370,562
Shares (own and by controlled corporations) in Metsä Board Corporation on 31 December 2024: 42,251 (B-shares)
s. 1971
M.Sc (Agriculture and Forestry)
Agronomist
Member of the Board since 2020, Vice Chair of the Board since 2023
Forestry and agriculture entrepreneur (1994–)
RockRobot Oy, CEO (2021–)
Dometal Oy, CEO, partner (2011–2021)
Multiva Magyarország Kft., CEO of the Hungarian subsidiary (2013–2021)
Potila Tuotanto Oy, CEO (2017–2020)
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)
Metsä Board Corporation, Member 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 Supervisory (2014–)
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)
Participation (own, under common ownership and by controlled corporations) in Metsäliitto Cooperative on 31 December 2024: EUR 166,497
Shares (own and by controlled corporations) in Metsä Board Corporation on 31 December 2024: 9,813 (B-shares)
born 1968
M.SC (Admin.)
Member of the Board since 2024
Forest and Agricultural entrepreneur (1988–)
The Kajaani City Board,Chairman (2017–)
Fisheries Local Action Group Kainuu and Koillismaa, Adviser(2008–2013)
ProAgria Oulu, Business adviser (2005–2008)
Council of Europe, Member of the Chamber of Regions (2021–), Vice-president of the Governance Committee (2021–2023), Member of the Governance Committee (2023–)
Metsäliitto Cooperative, Member of the Supervisory Board (2008–2023)
Centre Party, Chair of the Kainuu district (2020–2022)
Kainuu Cooperative bank, Member of the Board (2012–2020)
Kainuu Forestry Association, Member of the Board (2008–2010)
Metsäliitto Cooperative, Member of the Representative Council (2003–2007)
Participation (own, under common ownership and by controlled corporations) in Metsäliitto Cooperative on 31 December 2024: EUR 144,458
Shares (own and by controlled corporations) in Metsä Board Corporation on 31 December 2024: 4,666 (B-shares)
Boardman, partner (2020–)
Aalto University School of Business, Executive in Residence (2021–)
Trailmaker Oy, Senior Advisor (2021–)
Evolv Oy, Advisor (2020–)
SOK Corporation, CEO and Chair of the Board (2014–2020)
Osuuskauppa Hämeenmaa, CEO, Chair of the Board (2004–2013)
SOK Corporation, Director of Development, Member of the Management of SOK (2000–2004)
Intrade Partners Oy, CEO (1997–2000)
SOK Corporation, CFO (1994–1997)
SOK Corporation, various tasks (1987–1994)
SOK Board of Directors, Chair (2014–2020), Member (2007–2011), Vice Chair (2008–2011)
SOK Liiketoiminta Oy, Chair of the Board (2014–2020)
Sokotel Oy, Chair of the Board (2014–2020)
Finnish Commerce Federation, Member of the Board and Board's Working committee (2014–2020), Chair of the Board ja Board's Working committee (2016–2017)
Conferederation of Finnish Industries, Member of the Board and Executive committee (2015–2019), Vice Chairman of the Board (2015)
Finnish Chambers of Commerce, Member of the Board (2015–2019)
ICC Finland, Member of the Board (2015–2019)
Pellervo Coop Center, Member of the Board (2017–2021)
Participation (own, under common ownership and by controlled corporations) in Metsäliitto Cooperative on 31 December 2024: EUR 7,144
Shares (own and by controlled corporations) in Metsä Board Corporation on 31 December 2024: 3,000 (B-shares)
b. 1970
M.Sc (Econ)
Member of the Board since 2025
Patria Oyj, CFO (2025–)
Glaston Oyj, CFO (2016–2025)
Basware Oyj, Vice President, Business Control (2014–2016)
Outokumpu Oyj, Divisional CFO for Stainless Coil EMEA (2012–2013), Senior Vice President, Communications and Investor Relations (2007–2011)
TietoEnator (current Tietoevry), various positions (1997–2007)
Etteplan Oyj, Member of the Board of Directors and the Audit Committee (2020–), Chairman of the Audit Committee (2022–)
Nordic Lights Group Oyj, Member of the Board of Directors (2022–2023)
Participation (own, under common ownership and by controlled
corporations) in Metsäliitto Cooperative on 31 December 2024: EUR 0
Shares (own and by controlled corporations) in Metsä Board Corporation on 31 December 2024: 5,000 (B-share)
s. 1961
M.Sc. (Food microbiology)
Member of the board since 2023
Telia Finland Oyj, Head of Sustainability (2014–2024)
TeliaSonera AB, Vice President, Head of Group Sustainability (2011–2014)
Stora Enso Oyj, Senior Vice President, Sustainability (2002–2011)
Danisco A/S, Vice President, Head of Sustainable Development (1999–2002)
Cultor Ltd., Vice President, Environment (1997–1999)
Vestas Wind Systems A/S, Member of the Board of Directors (2012–2019)
Suomen Pakolaisapu ry, Member of the Board of Directors (2016–2021)
Participation (own, under common ownership and by controlled corporations) in Metsäliitto Cooperative on 31 December 2024: EUR 277
Shares (own and by controlled corporations) in Metsä Board Corporation on 31 December 2024: 1,300 (B-shares)
b. 1965
M.Sc (Econ)
Member of the Board since 2018
YIT Corporation, Chief Financial Officer, Deputy to the President and CEO (2018–2021)
Lemminkäinen Corporation, Chief Financial Officer (2014–2018)
Forest BtL Oy, Director and Advisor to the Board of Directors (2013–2014)
Neste Oil Corporation, Chief Financial Officer (2009–2012)
Pohjola Bank plc, Chief Financial Officer (2006–2008)
Pohjola Group Ltd, Chief Financial Officer (2003–2005)
Comptel Corporation, various management positions (2000–2003)
Svenska Handelsbanken AB (publ), Branch Operation in Finland, Analyst (1997–2000)
Postipankki Ltd, Analyst (1994–1997)
Betolari Oyj, Member of the Board (2022–), Chair of the Board (2023–)
Antilooppi GP Oy, Chair of the Board (2023–)
Nordea Mortgage Bank Plc, Member of the Board and Chairman of the Audit Committee (2022–)
NADMED Oy, Member of the Board and Vice Chairman of the Board (2022–)
Parmaco Oy, Member of the Board (2013–2018)
Governia Oy, Member of the Board (2014–2018)
Participation (own, under common ownership and by controlled corporations) in Metsäliitto Cooperative on 31 December 2024: EUR 143,094
Shares (own and by controlled corporations) in Metsä Board Corporation on 31 December 2024: no ownership
In 2024, the Chair of the Board of Directors was Jussi Linnaranta, the Deputy Chair was Mikko Mäkimattila, and the members were Teuvo Hatva, Taavi Heikkilä, Eija Pitkänen, Nina Pärssinen, Ilkka Salonen and Jussi Vanhanen.
The Board of Directors convened 16 times in 2024. Of the members of the Board Linnaranta, Mäkimattila, Hatva, Heikkilä, Pitkänen, Salonen and Vanhanen attended all the meetings. Pärssinen attended 15 meetings. The Board members’ attendance rate was 99%.
The tasks of the Board of Directors include:
The Board of Directors has composed a procedure for its operations that specifies the operating principles followed in the decision-making of the Board of Directors in more detail. The rules of procedure of the Board of Directors are available via the adjacent link.
The Board of Directors elects a Chair and a possible Deputy Chair from among its members for one (1) year at a time. The Chair of the Supervisory Board has the right to participate in the meetings of the Board of Directors. The Board of Directors convenes as summoned by the Chair as often as necessary. The President and CEO prepares the Board's meetings. The Board of Directors forms a quorum when more than one half of the members of the Board are present. When the votes are equal, the Chair has the casting vote. Minutes shall be kept of the meetings of the Board of Directors.
The Board of Directors regularly appraises its operations and procedures by conducting an annual self-assessment.
The Supervisory Board elects Metsäliitto Cooperative's Board of Directors. Thus, the election of Board of Directors deviates from the recommendation on the election of the Board of Directors. The deviation from the recommendations in terms of competence regulations guarantee the realisation of cooperative corporate governance and the members' extensive participation in Metsäliitto Cooperative's decision-making.
The Board of Directors comprises a minimum of five (5) and a maximum of eight (8) members. A Board member's term of office commences at the beginning of the calendar year following the meeting of the Supervisory Board that elected him/her and runs for three (3) years at a time. The term of office of the members of the Board of Directors deviates from the one-year term of office of the Finnish Corporate Governance Code. However, the owners of the cooperative have not considered it necessary to shorten the term of office, as the three-year term has been considered necessary to ensure the continuity of decision-making.
When preparing the nominations of the members of the Board of Directors, the Supervisory Board’s Nomination Committee considers their qualifications, experience and
available time, and ensures that the Board composition includes diverse expertise.
In order to ensure that the tasks of the Board of Directors are effectively managed, Metsäliitto Cooperative's Board of Directors has an Audit Committee and a HR Committee. The Committees do not have authority to make decisions independently; the Board of Directors makes the decisions on matters based on the preparation of the Committees. The Board of Directors elects the members of the Committee from among its members.
The Audit Committee assists the Board of Directors in performing its supervision task. In this task, the committee assesses and supervises matters related to financial and sustainability reporting, auditing, internal audit and risk management in accordance with procedures approved for it.
The Audit Committee comprises a minimum of three members, most of whom are independent of the company, elected annually by the Board of Directors from among its members. In addition, the Chair of the Supervisory Board has the right to attend the Audit Committee’s meetings. The President and CEO and the Group's Chief Financial Officer also attends the meetings of the Audit Committee, except for the times when the Audit Committee wishes to convene without the presence of the executive management. The Audit Committee regularly reports to the Board of Directors on its operations and observations.
In 2024, the Chair of the Audit Committee was Ilkka Salonen. The other members of the committee in 2024 were Jussi Linnanranta, Mikko Mäkimattila, Eija Pitkänen and Jussi Vanhanen. In 2025, Ilkka Salonen will continue as the Chair of the Audit Committee. Jussi Linnaranta, Eija Pitkänen and Jussi Vanhanen will continue as members of the committee. Päivi Lindqvist was elected as a new committee member for 2025. The attendance rate of the members of the Audit Committee was 100%.
The purpose of the HR Committee is to assist the Board of Directors in ensuring that Metsä Group has appropriate and competitive incentive systems, and successor and development planning in accordance with the procedure approved for it. In its task, the committee presents matters such as the terms of the employment relationship of the Managing Director and the President and CEO, incentive systems for the senior management, and key principles in the senior management’s contracts to the Board of Directors for decision. In addition, the HR Committee presents the annual targets for the senior management to the Board of Directors for approval and monitors their realisation. Furthermore, the committee processes matters related to the incentiver systems of the senior management and presents them for the decision of the Board of Directors.
The Board of Directors annually elects three members to the HR Committee from among its members. The majority of the members of the HR Committee must be independent of Metsä Group. The President and CEO and Group SVP, HR also attends the meetings of the HR Committee, except when the committee wishes to convene without the presence of the executive management. The HR Committee regularly reports to the Board of Directors on its operations.
In 2024, the Chair of the HR Committee was Taavi Heikkilä, and the members were Teuvo Hatva, Jussi Linnaranta and Nina Pärssinen. Taavi Heikkilä will continue as the Chair of the HR Committee in 2025. Teuvo Hatva and Jussi Linnaranta will continue as members of the committee. Mikko Mäkimattila was elected as a new committee member for 2025. The HR Committee convened five times, and the members’ attendance rate was 100%.
According to the overall evaluation by the Board of Directors, all current members of the Board are independent of Metsäliitto Cooperative. Metsäliitto Cooperative does not have such significant owner-members as referred to in the Corporate Governance Code of whom the members of the Board of Directors would be dependent.
According to the Board of Directors’ diversity principles, the successful management of the tasks of the Board of Directors and its committees requires a diverse composition, competence and experience, as well as the consideration of the personal qualitis of individual members.
Metsäliitto Cooperative has identified, in addition to a knowledge of the forest economy and industry sector, experience in demanding management tasks and an international operating environment as essential in terms of the Board of Director’s diversity. Other factors identified as promoting diversity include Board members’ mutually complementary educational backgrounds, management experience in various segments of business operations, and a diverse age and gender range. It is Metsäliitto Cooperative’s goal that both genders are represented on the Board of Directors. The Supervisory Board’s Nomination Committee observes these principles when preparing proposals on the composition of the Board of Directors presented to the Supervisory Board.
The Board of Directors is composed of eight members, all of whom have an academic degree. The members of the Board of Directors have significant experience in demanding governance and management duties from a number of sectors, and of international business operations. Several Board members are distinguished members of society. Sustainability and responsibility expertise has been taken into account when selecting the members of the board.
The Supervisory Board’s Nomination Committee observes the diversity principles and goals when preparing proposals on the composition of the Board of Directors. The achievement of the Board of Directors’ diversity targets is monitored by the Supervisory Board’s Nomination Committee that prepares proposals on the appointment of Board members for the Supervisory Board.
