Board of Directors

Under the company’s articles of association, the Board of Directors is composed of a minimum of four and a maximum of eight ordinary members. Members of the Board of Directors are elected at the general meeting. The term of office of a member of the Board of Directors commences from the close of the general meeting in which (s)he is elected and expires at the close of the following annual general meeting. The Board of Directors elects a chair from among its members.

The Board of Directors typically meets ten times a year. The Board evaluates its operations and working methods annually.

Duties of the Board of Directors

The tasks and responsibilities of the Board of Directors of the company are determined on the basis of the Finnish Limited Liability Companies Act as well as other applicable legislation. The Board of Directors has general authority to decide and act in all matters not reserved for other corporate governing bodies by law or under the provisions of the company’s articles of association. The general task of the Board of Directors is to duly organize Orthex’s management and operations. In all situations, the Board of Directors must act in accordance with Orthex’s best interest.

The Board of Directors has a charter that specifies its duties. The duties of the Board of Directors include:

  • approving reports of the Board of Directors, financial statements, and interim reports
  • seeing to the appropriate organisation of accounts and financial administration
  • preparing proposals for the general meeting of shareholders and convening general meetings of shareholders
  • approving and confirming strategic guidelines and long-term strategic targets
  • approving principles for risk management and internal control
  • confirming annual budgets and operating plans
  • appointing the CEO and deciding on the terms and conditions of the CEO contract
  • deciding on the company structure
  • making significant business decisions, such as mergers and acquisitions, significant contracts, investments, and financing arrangements and
  • deciding on other matters falling under the statutory responsibilities of the Board of Directors.

Orthex’s Board of Directors has no committees, but the Board may consider setting up potential committees in the future. As there are no committees, the entire Board of Directors is responsible for discharging the statutory duties of the audit committee.

Members of the Board of Directors

Sanna Suvanto-Harsaae

Chair of the Board of Directors since 2021, member of the Board of Directors since 2020

Born 1966

Finnish and Danish citizen
Bachelor’s degree in Economics
Independent of the company and its significant shareholders
Shareholding: 5,701

Finnish and Danish citizen
Bachelor’s degree in Economics
Independent of the company and its significant shareholders
Shareholding: 5,701

Current positions of trust

  • Posti Group Corporation, Chair of the Board of Directors since 2020
  • BoConcept A/S, Chair of the Board of Directors since 2016
  • TCM Group A/S, Chair of the Board of Directors since 2016
  • Nordic Pet Care Group A/S, Chair of the Board of Directors since 2012
  • Babysam A/S, Chair of the Board of Directors since 2008
  • Anora Group Plc, Vice-Chair of the Board of Directors since 2021
  • Harvia Plc, Vice-Chair of the Board of Directors since 2020
  • Swedish Match AB (publ), Member of the Board of Directors since 2022
  • Elopak ASA, Member of the Board of Directors since 2021
  • CEPOS (Center for Political Studies), Member of the Board of Directors since 2017
  • Broman Group Oy, Member of the Board of Directors since 2016
  • Owner of RaKaAs ApS

Previous positions of trust

  • Altia Plc, Chair of the Board of Directors between 2013 and 2021
  • SAS AB, Member of the Board of Directors between 2013 and 2021
  • Footway Group AB (publ), Chair of the Board of Directors between 2015 and 2020
  • Isadora AB, Chair of the Board of Directors between 2018 and 2020
  • Paulig Ltd, Chair of the Board of Directors between 2008 and 2020
  • Workz A/S, Chair of the Board of Directors between 2016 and 2019
  • Sunset Boulevard A/S, Chair of the Board of Directors between 2007 and 2018
  • Upplands Motor AB, Member of the Board of Directors between 2010 and 2018
  • Clas Ohlson AB, Member of the Board of Directors between 2010 and 2017

Markus Hellström

Member of the Board of Directors since 2022

Born 1974

Finnish citizen
Master’s degree in Engineering
Independent of the company and significant shareholders
Shareholding: 500

Finnish citizen
Master’s degree in Engineering
Independent of the company and significant shareholders
Shareholding: 500

Work history

  • Fazer Confectionery Ltd., Managing Director and Executive Vice President of Fazer Group since 2020
  • Fazer Bakeries Ltd., Managing Director between 2014 and 2020
  • Fazer Bakeries Ltd., Vice President, Head of Operations, Bakery Business Unit between 2013 and 2014
  • Fazer Bakeries Ltd., Business Development Director / Business Controller between 2007 and 2012
  • Fazer Group, Sourcing Manager for Logistics Services between 2004 and 2007
  • Logico Solutions, Partner between 2003 and 2004
  • Candyking, Sweden, Logistics Manager between 2000 and 2003

Current positions of trust

  • GS1 Finland Oy, member of the Board of Directors since 2019

Previous positions of trust

  • FINFOOD – Finnish Food Information Association, member of the Board of Directors between 2017 and 2019

Satu Huber

Member of the Board of Directors since 2020

Born 1958

Finnish citizen
Master’s degree in Economics
Independent of the company and its significant shareholders
Shareholding: 13,000

Finnish citizen
Master’s degree in Economics
Independent of the company and its significant shareholders
Shareholding: 13,000

Work history

  • Chief Executive Officer of Elo Mutual Pension Insurance Company between 2015 and 2021
  • Elo Mutual Pension Insurance Company, Deputy Chief Executive Officer between 2014 and 2015
  • LähiTapiola Pension Insurance Company, Chief Executive Officer between 2008 and 2013
  • Finance Finland, Chief Executive Officer between 2006 and 2008
  • State Treasury of Finland, Director of Finance between 1997 and 2006
  • Several different tasks in the banking sector between 1982 and 1997

Current positions of trust

  • European Money Market Institute, member of the Board since 2022, chair since 24 July
  • Schibsted ASA, member of the Boards of Directors since 2020
  • Helsinki Region Chamber of Commerce, member of the body of delegates since 2015
  • Finland Chamber of Commerce, member of the body of delegates since 2015
  • Agence France Trésor, member of the Strategic Advisory Group since 2015

Previous positions of trust

  • Trilateral Commission, member between 2014 and 2021
  • Finnish Pension Alliance TELA, Chair of the Board of Directors between 2019 and 2021, member of the Board of Directors between 2015 and 2021
  • Finance Finland FFI, member of the Board of Directors between 2015 and 2021
  • Research Institute of the Finnish Economy (ETLA), member of the Board of Directors between 2014 and 2020
  • Finnish Business and Policy Forum EVA, member of the Board of Directors between 2014 and 2020
  • Ahlsell AB, member of the Board of Directors between 2016 and 2019
  • Finnish Centre for Pensions (ETK), member of the Board of Directors between 2016 and 2018
  • YIT Corporation, member of the Board of Directors between 2009 and 2018
  • Finnish Cultural Foundation, member of the Supervisory Board between 2009 and 2018
  • Finnair Plc, member of the Board of Directors between 2006 and 2012

Jyrki Mäki-Kala

Member of the Board of Directors since 2022

Born 1961

Finnish citizen
Master’s degree in Economics
Independent of the company and significant shareholders
Shareholding: 1,000

Finnish citizen
Master’s degree in Economics
Independent of the company and significant shareholders
Shareholding: 1,000

Work history

  • Neste Corporation, Chief Financial Officer and member of Executive Committee between 2013 and 2022
  • Kemira Oyj, Chief Financial Officer between 2008 and 2013
  • Kemira Pulp & Paper, Vice President and President positions between 2005 and 2008
  • Nokia Chemicals/Finnish Chemicals Oy, Director and Vice President positions between 1988 and 2005

Current positions of trust

  • Ilmarinen Mutual Pension Insurance Company, member of the Supervisory Board since 2017
  • Anora Group Plc, member of the Board of Directors and Chair of the Audit Committee since 2020

Previous positions of trust

  • Finnish Industry Ltd, member of the Board of Directors 2019–2020

Jens-Peter Poulsen

Member of the Board of Directors from 1 August 2021

Born 1967

Danish citizen
Master’s degree in Economics
Independent of the company and its significant shareholders
Shareholding: 8,900

Danish citizen
Master’s degree in Economics
Independent of the company and its significant shareholders
Shareholding: 8,900

Work History:

  • Kvik A/S, Chief Executive Officer since 2013
  • LEGO Group, Market Group Asia & Emerging Markets, Senior Vice President between 2011 and 2012
  • LEGO System A/S, Market Group 1, Senior Vice President between 2006 and 2011
  • LEGO System A/S, Nordic/Benelux, Vice President and General Manager between 2004 and 2005
  • LEGO System A/S, Operations Center, Vice President between 2003 and 2004
  • LEGO System A/S, Global Innovation & Marketing, Senior Director between 2002 and 2003
  • LEGO System A/S, LEGO Lifestyle, Senior Director between 2000 and 2002
  • Jensen’s Catering A/S, Sales & Marketing Manager between 1999 and 2000
  • Several different tasks at Arla Foods between 1993 and 1999

 Current positions of trust:

  • European House of Beds A/S, member of the board of directors since 2021
  • Holmris B8, member of the board of directors since 2017

Previous positions of trust:

  • Innovation Network Lifestyle- & Design Cluster, member of the board of directors between 2017 and 2021
  • AudioNord International A/S, Hi-Fi Klubben, Chair of the board of directors between 2017 and 2020
  • Jørgen Kruuse A/S, member of the board of directors between 2012 and 2015
  • Kompan A/S, member of the board of directors between 2012 and 2014