The Board of Directors appoints and dismisses the President and CEO of Oriola.

The President and CEO is in charge of the day-to-day management of the company and its administration in accordance with the Finnish Companies Act and the instructions and orders of the Board of Directors. The President and CEO also ensures that accounts of the company comply with Finnish law and that its financial affairs have been organised in a reliable manner. The President and CEO is assisted in his work by the Group Management Team. The President and CEO’s service terms and conditions are specified in writing in the President and CEO’s service contract, which is approved by the Board of Directors.

Oriola Corporation's Board of Directors has nominated on December 18, 2017 Robert Andersson as the company´s new President and CEO effective latest March 1, 2018. He joins Oriola from the role of Senior Vice President and Head of Corporate Holdings at Telia Company. He is a member of the board of PAO MegaFon.

The Board of Directors has appointed the deputy to the President and CEO Kimmo Virtanen as Oriola Corporation’s interim CEO starting from December 18, 2017. In addition to his role as interim CEO, Virtanen will continue in his current role.

Further information on remuneration and terms of service of the President and CEO of Oriola can be found in the Remuneration Statement and in the Annual Report.