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.

Mr. Andersson was appointed Oriola Corporation´s President & CEO effective February 12, 2018. He joined Oriola from Telia Company where held several senior roles including Senior Vice President and Head of Corporate Holdings, Executive Vice President and Head of Region Europe, and President and CEO of TeliaSonera, Finland. He was a member of Telia Company’s Group Management since 2012. Prior to Telia Company, Mr Andersson held several international managerial and executive positions within Nokia, including serving on Nokia’s Group Executive Board 2005-2009 as Executive Vice President Customer and Market Operations and Executive Vice President Devices Finance, Strategy and Sourcing.

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.