Location
Bubbles in water.
11/3/2025

Board of Directors

The Annual General Meeting (AGM) elects the Chair, Vice Chair and other members of the Board of Directors. In accordance with the Articles of Association, the Board comprises 5-10 members.

On March 20, 2025 the AGM re-elected Tina Sejersgård Fanø, Werner Fuhrmann, Timo Lappalainen, Annika Paasikivi, Kristian Pullola and Mikael Staffas to the Board of Directors. Susan Duinhoven and Matti Lehmus were elected as new members. Annika Paasikivi was elected as the Chair of the Board of Directors and Susan Duinhoven as the Vice Chair.

The Board has assessed that all of its members are independent of the company. All of the members of the Board are also independent of the company’s significant shareholders except for the Chair Annika Paasikivi. Annika Paasikivi is the President & CEO of Oras Invest Oy and Oras Invest Oy owns over 10% of Kemira Oyj’s shares.

Holdings of the Board members

Annika Paasikivi

Annika Paasikivi

Chair of the Board and the Personnel and Remuneration Committee
b. 1975, female, B.A., M.Sc. (Global Politics)
Oras Invest Oy, Executive Chair of the Board since 2025
Member of the Kemira Oyj Board of Directors since 2022
An expert member of the Nomination Board

Positions of trust

  • Valmet Oyj, Vice Chair of the Board since 2025
  • Finnish Foundation for Share Promotion, Member of the Board since 2025
  • Georg Fischer, Member of the Board since 2024
  • Member of the Supervisory Board of Finnish Business and Policy Forum EVA since 2024
  • Finow Oy, Chair of the Board since 2023

Past positions of trust

  • Kemira Oyj, Vice Chair 2022 – 2025
  • Varova Oy, Member of the Board 2016-2024
  • Uponor Oyj, Member of the Board 2014-2018, Chair of the Board 2018 – 2023
  • Oras Oy, Member of the Board 2012-2014, Deputy Chair of the Board 2014-2022
  • Directors’ Institute Finland, Member of the Board 2016-2019

Career history

  • Oras Invest Oy, President & CEO 2018-2025
  • Oras Invest Oy, Chief Operating Officer 2011-2018
  • Friitala Fashion Oy, Chief Operating Officer 2009-2010
  • Varova Oy, various positions 2003-2005

 

Susan Duinhoven

Susan Duinhoven

Vice Chair of the Board
b. 1965, female, Ph.D. (Physical Chemistry), B.Sc. (Physical Chemistry)
Member of the Kemira Oyj Board of Directors since 2025

Positions of trust

  • KONE Oyj, Member of the Board since 2020

Past positions of trust

  • Sanoma Oyj, Member of the Board 2015-2017

Career history

  • Sanoma Oyj, President & CEO, from 2015 till January 1, 2024.
  • CEO of Koninklijke Wegener N.V. 2013–2015
  • CEO of Western Europe / CEO Netherlands at Thomas Cook Group Plc 2010–2013
  • Various roles in Reader’s Digest, directory businesses in the Netherlands and Denmark, McKinsey and Unilever from 1988 onwards.

 

Tina Sejersgård Fanø

Tina Sejersgård Fanø

b. 1969, female, M. Sc. (Eng)
Novonesis, Executive Vice President, Planetary Health Biosolutions since 2024
Member of the Kemira Oyj Board of Directors since 2022

Positions of trust

  • DLF Seeds & Science A/S, Member of the Board since 2016

Past positions of trust

  • Innovationsfonden, Chair of the Board 2019-2022
  • EuropaBio, Member of the Board 2015-2019
  • DTU, Member of the Advisory Board 2015-2018
  • PPS A/S, Member of the Board 2011-2017

Career history

  • Novozymes A/S, EVP, Agriculture and Industrial Biosolutions 2020-2024
  • Novozymes A/S, EVP, Agriculture & Bioenergy 2016-2020
  • Novozymes A/S, VP, Business Operations, EMEA 2013-2016
  • Novozymes A/S, number of positions in applied research, marketing and business development 1993-2013

 

Werner Fuhrmann

Werner Fuhrmann

b. 1953, male, M.Sc. (Econ.)
Member of the Kemira Oyj Board of Directors since 2020

Positions of trust

  • Evonik Industries AG, Member of the Supervisory Board since 2021
  • Oraxys, Strategic Partner since 2019
  • Ten Brinke Group, Member of the Board since 2017

Past positions of trust

  • European Chemicals Association (Cefic), Member of the Board 2013–2017
  • American Chemicals Council, Member of the Board 2013–2017
  • Dutch Chemicals Association (VNCI), Chair of the Board 2010–2015

Career history

  • AkzoNobel NV, Member of the Executive Committee 2011–2018
  • AkzoNobel NV, Managing Director, Industrial Chemicals 2005–2010
  • AkzoNobel NV, General Manager, Chelates and Sulphur Products 2000–2004
  • AkzoNobel NV, Group Controller, Specialty Chemicals 1993–1999
  • AkzoNobel NV, Finance and Audit 1979–1992

 

Timo Lappalainen

Timo Lappalainen

b. 1962, male, M.Sc. (Eng)
Member of the Kemira Oyj Board of Directors since 2014

Positions of trust

  • Professor of Practise (Pharmaceutical Industry), University of Turku, since 2024
  • The Finnish Fair Foundation, Board of Directors, Member of the Board since 2023
  • Finnish Foundation for Cardiovascular Research, Member of the Board since 2010

Past positions of trust

  • Chemical Industry Federation of Finland, Member of the Board 2008–2022 (Vice Chairman of the Board 2013–2014 and 2017–2018, and Chairman of the Board 2015–2016)
  • The Research Institute of the Finnish Economy ETLA, Member of the Board 2017–2022
  • The Finnish Business and Policy Forum EVA, Member of the Board 2017–2022
  • The Helsinki Region Chamber of Commerce, Member of the Council 2008–2022
  • The Finnish Fair Corporation, Member of the Supervisory Board 2009–2020, Vice Chairman of the Supervisory Board 2020–2021
  • Confederation of Finnish Industries, Member of the Board 2015–2016
  • ICC Finland, Member of the Board 2014
  • Vaisala Oyj, Member of the Board 2011–2014

Career history

  • Orion Corporation, President and CEO 2008–2022
  • Orion Corporation, Senior Vice President, Proprietary Products and Animal Health 2005–2007
  • Orion Corporation, Orion Pharma, Executive Vice President 2003–2005
  • Orion Corporation, Orion Pharma, Senior Vice President, Business Development, Human Pharmaceuticals 1999–2003
  • Leiras Oy, Vice President, International Sales and Business Development 1994–1999
  • Finvest Ltd., Vice President, Business Development and General Manager of Finvest’s German subsidiary 1989–1993
  • Arthur Andersen & Co. (Chicago, USA), Consultant 1987–1988

 

Matti Lehmus

Matti Lehmus

b. 1974, male, M.Sc. (Chemical Technology) and eMBA
Member of the Kemira Oyj Board of Directors since 2025

Past positions of trust

  • Ilmarinen Mutual Pension Insurance Company, Member of the Supervisory Board 2024-2025
  • Chemical Industry Federation of Finland, Member of the Board 2019-2021 (Chairman 2019-2020)
  • Confederation of Finnish Industries, Member of the Board 2019-2020
  • National Emergency Supply Council, Member 2018-2024
  • Finnish Petroleum and Biofuel Association, Member of the Board (Chairman 2011-2012 and 2016-2018)

Career history

  • Neste Corporation, President & CEO 2022 – 2024
  • Neste Corporation, Executive Vice President, Renewables Platform 2019-2022
  • Neste Corporation, Executive Vice President, Oil Products 2014-2019
  • Neste Corporation, Executive Vice President, Oil Products and Renewables 2010-2014
  • Neste Corporation, Executive Vice President, Oil Products 2009-2010
  • Neste Corporation, various positions in sales, business management and development 1998-2010

 

Kristian Pullola

Kristian Pullola

b. 1973, male, M.Sc. (Econ.)
Elisa Oyj, Chief Financial Officer since 2025
Member of the Kemira Oyj Board of Directors and Chair of the Audit Committee since 2021

Positions of trust

  • FinanceKey Oy, Chair of the Board since 2022
  • Terveystalo Plc, Member of the Board and Chair of the Audit Committee since 2021

Past positions of trust

  • Eduhouse Oy, Chair of the Board 2021 – 2025
  • Antilooppi Real Estate Investment Company, Member of the Board 2020-2021, Chair of the Board 2021-2023
  • Ilmarinen Mutual Pension Insurance Company, Member of the Board 2010-2021

Career history

  • Finnair Oyj, CFO 2022–2025
  • Nokia Oyj, CFO 2017–2020
  • Nokia Corporation, several executive and managerial positions in finance and treasury, most recently Senior Vice President, Corporate Controller 1999–2016
  • Citibank International, Associate, Corporate Bank 1998–1999
  • Interbank Osakepankki, Financial Analyst 1997

Mikael Staffas

Mikael Staffas

b. 1965, male, M.Sc. (Engineering), MBA
Boliden AB, President & CEO since 2018
Member of the Kemira Oyj Board of Directors since 2023

 Positions of trust

  • International Zinc Association, Member of the Board since 2018, Chair since 2024
  • International Copper Association, Member of the Board since 2018
  • ICMM, Member of Council since 2021
  • SveMin, Member of the Board since 2015, Chair of the Board 2020-2022, Deputy Chair 2018-2020 and since 2022
  • GAF, Member of the Board since 2015, Chair 2018-2020 and since 2022, Deputy Chair 2020-2022
  • Industriarbetsgivarna, Member of the Board 2018-2020 and Deputy Chair since 2023
  • Svenskt Näringsliv, Member of the Executive Board since 2023

Past positions of trust

  • Eurometaux, Chairman 2018-2022, Deputy Chairman 2022-2024
  • SJ AB, Member of the Board 2013-2018
  • Spectra Collection AB, Member of the Board 2006-2014
  • Sun Pine AB, Member of the Board 2008-2011, Chair of the Board 2010-2011

Career history

  • Boliden AB, President BA Mines 2015-2018
  • Boliden AB, CFO 2011-2015
  • Södra Skogsägarna, CFO 2005-2011
  • McKinsey & Company, Partner in 1999-2004 and various other positions in 1990-1999

 

According to the Articles of Association, the Board of Directors is tasked with duties within its competence under the Companies Act. It has drawn up a written Charter defining its key duties and procedures. The following is a description of the essential contents of the Charter.

The Board is in charge of corporate governance and the due organization of the Company’s operations. It decides on convening and prepares the agenda for the shareholders’ meeting and ensures the practical implementation of decisions taken thereby. In addition, the Board decides on authorizations for representing the Company. The Board’s key duties include matters which, in view of the scope and type of the Company’s operations, are uncommon or involve wide-ranging effects. These include establishing the Company’s long term goals and the main strategies for achieving them, approving the annual business plans and budget, defining and approving corporate policies in key management control areas, approving the Company’s organizational structure and appointing the Managing Director, his Deputy and members of the Group Leadership Team. The Board approves the Company’s capital investment policy and major investments, acquisitions and divestments. It also approves the group treasury policy and major long term loans and guarantees issued by the Company.

The Board’s duties include ensuring that the Company has adequate planning, information and control systems and resources for monitoring result and managing risks in operations. The Board monitors and evaluates the performance of Managing Director, his Deputy and members of the Group Leadership Team and decides upon their remuneration and benefits. The Board’s duty is to ensure continuation of the business operations by succession planning for key persons. The Board defines and approves the main principles for the incentive bonus systems within the Company.

The Board also manages other tasks within its competence under the Companies Act. It is responsible for the due organization of the supervision of the Company’s accounting and asset-liability management. The Board sees to it that the Company’s financial statements give a true and fair view of the Company’s affairs and that the consolidated financial statements are prepared under the International Financial Reporting Standards (IFRS) and the parent company’s financial statements under the acts and regulations in force in Finland (FAS). The Board’s meetings discuss the Company’s profit performance at monthly level. The Board discusses the Company’s audit with the auditor. The Board also evaluates its performance and working methods on an annual basis.

When designing the composition of the Board, the Nomination Board of the company assesses the Board composition from the viewpoint of the Company’s current and future business needs, while taking into account the diversity of the Board.

The diversity of the Board will be assessed from various viewpoints. Kemira’s Board of Directors shall have sufficient and complementary experience and expertise in the key industries and markets relevant to Kemira’s business. In addition, an essential element is the personal characteristics of the members and their diversity.

The Company’s aim is that the Board represents diverse expertise in different industries and markets, diverse professional and educational background and diverse age distribution. There shall be balanced representation of women and men in the Board of Directors.

The Board of Directors includes five men (62.5%) and three women (37.5%), and it meets the diversity principles set by the Company.

Kemira Oyj’s Board of Directors has appointed two committees: the Audit Committee and the Personnel and Remuneration Committee.

Audit Committee

The Audit Committee works in accordance with its Charter confirmed by the Board. It is tasked to assist the Board in fulfilling its oversight responsibilities for financial reporting process, the system of internal control, the internal and external audit process and Kemira’s process for monitoring compliance with laws and regulations and the Kemira Code of Conduct. The Committee reports to the Board on each meeting.

The Audit Committee consists of four members of the Board. Majority of the members shall be independent of the company and at least one member shall be independent of significant shareholders. After the 2025 AGM, the Board elected Kristian Pullola as the Chair and Susan Duinhoven, Werner Fuhrmann and Matti Lehmus as members of the Audit Committee.

Personnel and Remuneration Committee

The Personnel and Remuneration Committee works according to its Charter confirmed by the Board. The Committee assists the Board by preparation of matters related to compensation of Managing Director, Managing Director’s Deputy and the members of the Group Leadership Team, and by preparation of matters pertaining to the compensation systems and long-term incentive plans of the Company and appointment. The Committee also monitors succession planning of the senior management and the senior management’s performance evaluation. The Committee plans matters pertaining to the development of the organization and reviews the Remuneration Statement of the Company. The Committee reports to the Board on each meeting.

The Personnel and Remuneration Committee consists of four members of the Board, out of which the majority must be independent of the Company, elected by the Board from amongst its members. After the 2025 AGM, the Board elected Annika Paasikivi as the Chair, Tina Sejersgård Fanø, Timo Lappalainen and Mikael Staffas as members of the Personnel and Remuneration Committee.

Kemira Board of Directors Charter

Kemira Audit Committee Charter

Kemira Personnel and Remuneration Committee Charter

Nomination Board

President and CEO and Group Leadership Team
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