Elcoteq's Board of Directors consists of the following seven members.
For information of the holdings of the Board of Directors please see Elcoteq's
Insider Register.
Mr. Pauli Aalto-Setälä
born 1966
CEO, Aller Media Oy
Independent member of Elcoteq’s Board of Directors since
2010; member of the Compensation Committee
Work experience: Mr. Aalto-Setälä has long experience in several positions in the field of Finnish media.
Other key posts: Mr. Aalto-Setälä is chairman of the board of Plan Finland and member of the board of Savonlinna Opera festivals, Suomi24 Oy and All Over Press Sweden.
Mr. Martti Ahtisaariborn 1937, Teacher Training Course Graduate, University of Oulu
Independent member of Elcoteq’s
Board of Directors since 2000; member of the Audit and Compensation Committees
Work experience: Mr. Ahtisaari forged a prestigious career as a diplomat working for both Finland’s Ministry for Foreign Affairs and for the United Nations. Mr Ahtisaari was President of Finland between 1994 and 2000. After leaving office he has held posts in various international organizations and trusts. Mr. Ahtisaari also holds honorary doctorates from a number of universities.
Other key posts: board chairman of Crisis Management Initiative
Mr. Heikki Horstia
born 1950, BSc (Econ.)
Independent member of Elcoteq’s Board of Directors since 1991; Debuty Chairman since 2010. Member of the Audit and Compensation Committees
Work experience: Mr. Horstia has had a career in the financial management of industrial enterprises (Wärtsilä Corporation, Teollisuuden Voima Oy, Oy Lohja Ab, Metra Corporation) since 1976, and has occupied management and board positions in the electronics industry since 1983.
Mr. Eero Kasanen
born 1952, DBA, Professor
Executive Dean, Aalto University School of Economics
Independent member of Elcoteq’s Board of Directors since 2001; member of the Audit and Compensation Committees
Work experience: Professor of the Helsinki School of Economics since 1989
Other key posts: Dr. Kasanen is a board member of several companies, for example Kaleva Mutual Insurance Company. He is also chairman of the boards of directors of the Helsinki School of Economics Holding Ltd and Finland Post Corporation.
Mr. François Pauly
born 1964, MBA
Independent member of Elcoteq’s Board of Directors since 2008; member of the Audit and Compensation Committees
Work experience: Mr. Pauly has long experience on international financial markets and has held different management positions at Dexia Banking Group, both in Luxembourg and Italy.
Other key posts: Mr. Pauly is Chairman of the Board at Pharma w/Health Management Company S.A. and a board member of several companies: La Luxembourgeoise, Cobepa, BIP Investment Partners and Management & Capitali S.p.A.
Mr. Jorma Vanhanenborn 1959, MSc (Eng.)
Founder-shareholder of Elcoteq
Member of Elcoteq’s Board of Directors since 1991;
Chairman since 2010. Member of the Nomination Committee
Work experience: Mr. Vanhanen has held various management positions in Elcoteq and its predecessors since 1985.