board of directors

The Annual General Meeting elects at least five and at most nine members to the company's Board of Directors and its chair from among the members. The Board of Directors elects the deputy chair from among its members.

Erik Selin

b. 1967, Business school economist, CEO and Board Member, Fastighets Ab Balder, Board member since 2015, Chairman of the Board since March 2016, independent of the company, not independent of the main shareholders

Primary working experience

Fastighets AB Balder: CEO and Board Member since 2005–
Owner of several companies in real estate business

Main positions of trust

Skandrenting AB: Chairman of the Board of Directors, Collector AB: member of the Board of Directors, Collector Bank AB: Member of the Board of Directors, Västsvenska Handelskammaren: member of the Board of Directors, Hexatronic Scandinavia AB: member of the Board of Directors, Hedin Bil: member of the Board of Directors, Ernström & Co: member of the Board of Directors

Jukka Hienonen

b. 1961, M.Sc.(Econ.), Board member and Deputy Chairman of the Board since 2015, independent of the company and its main shareholders

Primary working experience

SRV Plc: President and CEO 2010–2014, Finnair Plc: President and CEO 2006–2010, Stockmann plc: Executive Vice President 2001–2005, Director, International Affairs 1995–2000, Timberjack Oy: Marketing Director 1991–1995

Main positions of trust

Paroc Group: Chairman of the Board of Directors, Juuri Partners Oy: Chairman of the Board of Directors, Stockmann Oyj Abp: Chairman of the Board of Directors
Central Chamber of Commerce: member of the Board of Directors (until the end of 2017), Hartela Oy: Chairman of the Board of Directors

Marcus Hansson

b. 1974, M.Sc. (Econ.), CFO, Fastighets Ab Balder, Board member since March 2016, independent of the company, not independent of the main shareholders

Primary working experience

Fastighets Ab Balder: CFO since 2007–

Main positions of trust

Member of the Board in several Balder companies in Sweden and Denmark, Husvärden AB: Member of the Board

Esa Lager

b. 1959, LL.M., M.Sc. (Econ.), Board member since 2014, Chairman of the Board 2015–2016, Deputy Chairman of the Board 2014–2015, independent of the company and its main shareholders

Primary working experience

Outokumpu Oyj: deputy to the CEO 2011–2013, Executive Vice President - Chief Financial Officer 2005–2013, Executive Vice President of Finance and Administration 2001–2004, Corporate Treasurer 1995–2000, Assistant Treasurer 1991–1994, Kansallis Banking Group: Manager at the Head Office/London Branch 1984–1990

Main positions of trust

Olvi Oyj: member of the Board of Directors, Ilkka-Yhtymä Oyj: Deputy Chairman of the Board of Directors, Alma Media Corporation: member of the Board of Directors, Finnish Industry Investment Ltd: Chairman of the Board of Directors, Terrafame Oy: member of the Board of Directors, Stockmann Oyj: member of the Board of Directors

Tarja Pääkkönen

b. 1962, Ph.D (Corp.Strategies), M.Sc. (Const. & Architecture), Executive Partner and Chairman of Brand Compass Group, Boardman Ltd, Board member since 2013, independent of the company and its main shareholders

Primary working experience

Boardman Ltd: Executive Partner and Chairman of Brand Compass Group 2010–, Itella Corporation: Senior Vice President, Corporate Sales and Marketing and member of Executive Board 2005–2010, Nokia Corporation: Member of the Management Board of Nokia Mobile Phones and several global Senior Vice President positions in Europe, the USA and Asia 1994–2004, Mecrastor Oy (PwC): Management Consultant 1992–1994, Kienbaum KmbH, Germany: Management Consultant 1990–1992

Main positions of trust

Panostaja Oyj: member of the Board of Directors, Fira Oyj: member of the Board of Directors, Helsinki University Group: member of the Board of Directors and member of Remuneration Committee, Qentinel Oy: member of the Board of Directors, Spinverse Oy: member of the Board of Directors, Mobile software company, Sunduka Oy and Cardu Oy: member of the Board of Directors, “CTO of the Year”: member of the jury, Member of the Marketing Executives’ Group and the Directors' Institute of Finland

Johannus (Hans) Spikker

b. 1959, Economic Geography, University of Amsterdam, Senior Portfolio Manager Real Estate Europe, APG Asset Management, Amsterdam, The Netherlands, Board member since 2017, independent of the company, non-independent of the main shareholders

Primary working experience

Senior Portfolio Manager Real Estate, Structured Investments, Pensionfund PGGM, 1997–2007, Asset manager German real estate, SPP Investment Management, 1994– 1997, Property manager commercial real estate Germany, Shell Pensionfund 1991–1994, Market researcher MAB Groep BV, a Dutch property development company, 1986–1991

Main positions of trust

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Timo Stenius

b. 1956, M.Sc. (Constr. Eng.), Director, Unlisted investments (real estate, infrastructure, private equity and private debt) of Elo Mutual Pension Insurance Company, Board member since 2015, independent of the company, not independent of the main shareholders

Primary working experience

In his current post, he is responsible for Elo Mutual Pension Insurance Company's unlisted investments worth EUR 5.4 billion. Since 1990, he has been involved in property investment and development, first in a listed company and later, since 2001, as the director responsible for a pension insurance company's property investments, corporate financing and non-listed equity investments. In addition, in 1982–1988 he was involved in project export tasks targeted at the Soviet Union in Finn-Stroi Oy

Main positions of trust

KTI: Chairman of the Board of Directors, Tyvene Oy: Chairman of the Board of Directors, Amplus Holding Ltd: Deputy Chairman of the Board of Directors, Rakennuspalvelu V. Stenius Oy: member of the Board of Directors, Exilion Capital Oy: member of Board of Directors