In accordance with the Articles of Association, the Board of Directors consists of a minimum
of four and a maximum of seven members elected at the Annual General Meeting for a term ending at the following AGM. The Board of Detection Technology Plc consists of seven members.
Chairman of the Board since 2018
Hannu Syrjälä has been Chairman of the Board since 2018 and a member of the Board of Directors since 2017. He is CEO and Partner of Berggren Group. Previously he has acted in several senior executive positions, such as President and CEO of Tieto Corporation (2008–2011), Vice President and General Manager of GE Healthcare, Life Support Solutions Business (2003–2008), and President of Datex-Ohmeda Inc. (2003–2008). He has been the Chairman of the Board of Medtentia International Ltd Oy since 2016. In addition, he has been a member of the Board of Mobidiag Oy since 2017. He holds a Master of Science degree in Economics and Administration from Helsinki School of Economics.
Member of the Board since 2015
Heikki Allonen has been a member of the Board of Directors since 2015. He is presently President and CEO of Hemmings Oy Ab and has acted as President and CEO of Patria Plc 2008–2017. Prior to that, he acted as President and CEO of Fiskars Corporation (2004–2008) and SRV Plc (2001–2004). He is the Vice Chairman of VR Group and a board member of Nokian Tyres Plc and Savox Communications Oy. During his industrial career, he has held several board positions and has been, among others, both a member of the Board of Management and the Board of Directors in Wärtsilä Corporation. He holds a Master of Science degree in Engineering from Helsinki University of Technology.
Member of the Board since 2019
Carina Andersson has been a member of the Board of Directors since 2019. Presently, she is also a member of the Board of Beijer Alma AB, Gränges AB, Systemair AB and BE Group AB. She has been a board member of Mälardalens University (2010–2013) and InterCast AB (2014–2018). She has acted as General Manager of Powder Technology at Sandvik Materials Technology (2008–2011), Managing Director of Ramnäs Bruk AB (2004–2008), and of Scana Ramnäs AB (2002–2004). Prior to that, she has acted in a number of managerial positions in the mining and metal industries. She holds a Master of Science degree in Engineering (Material Science) from KTH Royal Institute of Technology located in Stockholm.
Member of the Board since 2018
M.Sc. (Genetics), Executive MBA (Finance & International Management)
Vera Backström has been a member of the Board of Directors since 2018. Currently, she works with Sales, Leadership Solutions at Fingertip Oy. Prior to that, she was Business Excellence and Operations Lead at Microsoft Finland Oy, Enterprise Services (2015–2018). She acted as Business Unit Director, Healthcare Finland (2013–2015), Business Manager, Healthcare (2013) and as manager at Software Point Oy (2007–2013). She acted as Chairman of the Board of Big Data Solutions Oy 2018–2019. She has been a member of the Board of Directors of Antti Ahlström Perilliset Oy since 2017 and a member of the Board of Finnish Family Firms Association (2013–2015) and of Erimover Oy (2015–2016). She holds a Master of Science degree in Genetics and an Executive MBA.
Member of the Board since 2017
Pasi Koota has been a member of the Board of Directors since 2017. He is presently CFO of Ahlström Capital Oy. Prior to that, he acted as Senior Vice President, Head of Recycling Business Line (2015–2017) and Senior Vice President, Finance of Minerals Service Business Line (2010–2015) at Metso Oyj. He has held various finance management positions at KONE Corporation in China and Thailand (2003–2010). He has been Chairman of the board of A. Ahlström Kiinteistöt Oy since 2018 and a member of the Board of Directors of Destia since 2017 and Paneliankosken Voima Oy since 2018. He holds a Master of Science degree in Economics.
Member of the Board since 2012
Petri Niemi has acted as a member of the Board of Directors since 2012. Petri Niemi has been the CEO of G2 Invest Oy since 2010. He has previously acted as a Senior Partner and Head of Technology at CapMan Oyj (2005–2011) and as Partner (1999–2005) and as Marketing Director at Oy Ericsson Ab (1996–1999). He has also worked in various positions at 3com Corporation, Sun Microsystems and Hewlett-Packard. He has been Chairman of the Board of Vincit Group Oyj since 2015, Bilot Consulting Oy since 2015, Leaddesk Oyj since 2017, Autori Oy since 2017, Clausion Oy since 2018, Liana Technologies Oy since 2019, B10 Group Ltd since 2014 and WEGA Group since 2015 and a member of the Board of Directors of Insta Group Oy since 2011 and Lounea Oy since 2017. In addition, he has acted as a member of the board of Fondia Oyj, Oy Lunawood Ltd, Siili Solutions Oyj and Eniram Oy. He holds a Master of Science degree in Engineering.
Member of the Board since 2015
Henrik Roos has been a member of the Board of Directors since 2015. Henrik Roos has been Chairman of the Board of Merivaara Corporation (2013–2015) and Northstar Sitetel Sweden AB (2012–2015). He has been a member of of Merivaara Corporation since 2015, and a member of the Board of Orchid Orthopedic Solutions (2012-2019) and Northstar Sitetel Sweden AB (2015–2019). Henrik Roos has acted as a Group Executive at Danaher Corporation (2009–2013) (KaVo Group, Gendex), as CEO and a Board Member at PaloDex Group (2006–2009), as Senior Vice President at Dentsply International, Inc (1993–2006) and as Head of the Dental Division at Orion Corporation (1989–1993) and as various managerial positions at Bronto Skylift Oy Ab and at Oy Management Services Scandinavia Ab. Henrik Roos holds a Master of Science degree in Engineering.
The board members’ relations to the company and major shareholders
|Name||Status||Independent of major shareholders||Independent of the company|
The Board has established the following committees and appointed the following members to the committees:
The Remuneration Committee consists of four members: Hannu Syrjälä, Vera Backström, Petri Niemi and Henrik Roos. Hannu Syrjälä is the committee’s Chairman.
The Audit Committee consists of two members, Heikki Allonen and Pasi Koota. Pasi Koota is the Chairman of the committee.
Responsibilities and practices
The Board is responsible for arranging the company’s management. The Board of Directors is responsible for duties specified in the Articles of Association and the Finnish Companies Act. The main duty of the Board of Directors is to approve the company’s strategy, decide on financial arrangements and make decisions on the purchase and sale of significant assets. The Board of Directors follows the company’s financial development through monthly reports and other information that company management provides to the Board.
The essential duties and responsibilities of the Board are defined primarily by the Articles of Association and the Finnish Companies Act. The Board annually ratifies a working order that specifies the meeting procedure of the Board of Directors and its tasks.
The key tasks of the Board of Directors include:
- Approving consolidated financial statements and interim reports
- Proposals to the Annual General Meeting
- Appointing and dismissing the President and CEO
- Organization of financial control.
In addition, the Board decides on matters of principle, as well as items that carry financial and business significance, such as:
- Group and business unit strategies
- Group action, budget and investment plans
- Group risk management and reporting procedures
- Decisions concerning the structure and organization of the Group
- Significant individual investments, acquisitions, divestments and reorganizations
- Group insurance and financing policies
- Reward and incentive scheme for Group management
- Appointing Board committees
- Monitoring and evaluating the actions of the President and CEO.
Detection Technology’s President and CEO is in charge of ensuring that the Board members have necessary and sufficient information on the company’s operations.
In accordance with the Articles of Association, the Board of Directors consists of a minimum of four and a maximum of seven regular members. The Board members are elected by the Annual General Meeting for one term of office at a time. The term of office begins at the end of the General Meeting that elected the Board and expires at the end of the first Annual General Meeting of shareholders following the election. The Articles of Association place no restrictions on the power of the General Meeting to elect members to the Board of Directors.
The Board of Directors elects the Chairman from its members, and the Board of Directors is deemed to have a quorum present when at least half of its members are present. In addition to matters to be resolved, the Board of Directors is given real-time information on the operation, financial standing and risks of the Group at their meetings. The Board of Directors convenes at reasonable intervals during the year according to an agreed schedule, in addition to which it convenes when necessary. Minutes are kept for all meetings.