Board of Directors

Under Sponda Plc’s articles of association, the company has a Board of Directors composed of four to seven (4–7) members. The AGM appoints the members of the Board of Directors based on the proposal of the shareholders’ Nomination Board and their appointments are valid until the conclusion of the next AGM. The Board of Directors elects a Chairman and Deputy Chairman from among its members.

Until the AGM of 16 March 2015, the members of the Board of Directors were Kaj-Gustaf Bergh (Chairman), Arja Talma (Deputy Chairman), Christian Elfving, Paul Hartwall, Juha Laaksonen, Leena Laitinen and Raimo Valo.

The AGM of 16 March 2015 confirmed the number of Board members as seven and re-elected Kaj-Gustaf Bergh, Christian Elfving, Paul Hartwall, Juha Laaksonen, Leena Laitinen, Arja Talma and Raimo Valo.

In its constitutive meeting after the Annual General Meeting of 16 March 2015, the Board of Directors elected Kaj-Gustaf Bergh as its Chairman and Arja Talma as its Deputy Chairman.

Members of the Board of Directors in 2015

Year of birth

Board membership

Education

Main occupation

Company of main occupation

Shareholding in Sponda

(31 Dec 2015)

Bergh Kaj-Gustaf (Chairman)

1955

Member and Chairman of the Board since 18 March 2013

BSc (Econ.),

LL.B.

Managing Director

Föreningen Konstsamfundet r.f.

79,332

Elfving Christian

1947

Member of the Board since 18 March 2013

MSc (Econ.), MBA (Univ. of Chicago)

CEO

Sigrid Jusélius Foundation

9,918

Hartwall Paul

1981

Member of the Board since 19 March 2014

MSc (Econ.)

CEO

Kusinkapital Ab

6,697

Laaksonen Juha

1952

Member of the Board since 18 March 2013

BSc (Econ.)

Member of the Directors’ Institute of Finland

 

9,918

Laitinen Leena

1970

Member of the Board since 19 March 2014

MSc (Econ.)

CEO

Oy Snellman Ab

6,697

Talma Arja (Deputy Chairman)

1962

Member of the Board since 2007 and Deputy Chairman
since 19 March 2014

MSc (Econ.), eMBA

Member of the Directors’ Institute of Finland

 

23,092

Valo Raimo

1955

Member of the Board since 2011

LL.M.

President and CEO

East Office of Finnish Industries Ltd

17,405

The Board of Directors considers that, of its members, Juha Laaksonen, Leena Laitinen, Arja Talma and Raimo Valo are independent of both the company and its major shareholders, and that Kaj-Gustaf Bergh, Christian Elfving and Paul Hartwall are independent of the company. Kaj-Gustaf Bergh and Christian Elfving are considered not to be independent of a major shareholder due to their Board membership in Oy PALSK Ab, which is a major shareholder of Sponda. Paul Hartwall is considered not to be independent of a major shareholder due to his Board membership in Hartwall Capital Oy, whose subsidiary HC Fastigheter Holding Oy Ab is a major shareholder of Sponda Plc.

Sponda’s Board members represent broad experience in the real estate, industrial, financial and commercial sectors. More detailed information on the members of the Board is available under Governance/Board of Directors/Introduction of the Board of Directors.