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Duties of the board

The duties and responsibilities of Savosolar’s board of directors are defined in the Finnish Limited Liability Companies Act and other applicable legislation.

According to the articles of association of limited liability company Savosolar, the Government Act on administrative administration and general organization of operations and represents the company. The board maintains Savosolar’s strategy and monitors its implementation. The board’s duties include approving the actual financial statements and interim reports and supervising appropriateness and financial matters. The board comes from both serious risk loans, acquisitions and investments and the principles of a good financial budget. The board can also pass, the continuous management can decide to stop investments, acquisitions and sales, contract contracts and giving guarantees. The board of directors controls the CEO and he considers the possible remuneration conditions of his service relationship.

In addition, the task of the board of directors is the appropriate time and the success of all the co-owners of the equipment to resolve the business operations of the goods in such a way as to generate the maximum possible return for the company’s capital in the long term of investment.

According to Savosolar’s articles of association, the company’s board of directors consists of three (3) and at least seven (7) regular members. The term of office of the board members ends at the end of the first regular meeting following the election.

The shareholdings of the Board members presented below, reflect the situation after the merger transaction and the directed issue based on underwriting commitment for the TO9 warrants. 

Board of Directors

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Kirsi Suopelto

Chair of the Board

Born in 1976, M.Sc. (Law) and M.B.A. Board member since 1 December 2022. Independent of major shareholders, non-independent of the company.

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Eero Auranne

Vice Chair of the Board

Born in 1959, M. Sc. (Electrical Engineering) Member of the Board since August 2018 and Chairman of the Board from April 2020 to November 2022. Independent of the company and of major shareholders.

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Ville Jussila

Member of the Board

Born in 1985, M.Sc. (Economics). Board member since 1 December 2022. Independent of major shareholders, non-independent of the company.

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Jussi Mälkiä

Member of the Board

Born in 1962, Master mariner’s certificate. Board member since 1 December 2022. Non-independent of the company and of major shareholders.

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Eljas Repo

Member of the Board

Born in 1961, M.Soc.Sc. Member of the Board since April 2022. Independent of the company and of major shareholders.

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Ari Virtanen

Member of the Board

Born in 1958, Electrical Engineer and MBA. Member of the Board since August 2018. Independent of the company and of major shareholders.