Governance
Board of Directors
Board of Directors
Under Kempower’s articles of association, the Board of Directors of the company is composed of a minimum of four and a maximum of eight members. The term of office of a member of the Board of Directors of the company expires at the close of the annual general meeting of shareholders following his/her election.
The Board of Directors of Kempower has established an Audit Committee and a Nomination and Remuneration Committee. The Board of Directors of the company may consider establishing other committees in the future in order to function effectively taking into account the scope and nature of Kempower’s operations and the operating principles of the Board of Directors of the company.
To see holdings of the Board of Directors please see the page Share and Shareholders, section Manager’s Transactions.
Vesa Laisi
Chair of the Board 2024–, Member of the Board, 2021–2024
b. 1957
M.Sc. in Electronics; Master of Science in Economics
Relevant work experience
President, Danfoss Drives, Danfoss A/S, 2015–2022
CEO, Vacon Plc, 2002–2014
Positions of trust
Danfoss Group Executive Team member 2015 – 2022
Advisor for the Board, Wirepas Oy, 2017–
Independent of the company and independent of the company’s significant shareholders.
Holding: 31,097 shares
Antti Kemppi
Vice Chair of the Board, 2024–, Chair of the Board 2017–2024
b. 1978
Master’s degree in Accounting and Finance
Relevant work experience
CEO, Kempinvest Oy, 2005–
CEO, Kemppi-Yhtiöt Oy, 2012-2020
CEO, Kiinteistö Oy Uusikartano, 2019–
Positions of trust
Chair of the Board, Kemppi Group Oy, 2017-
Chair of the Board, Kiinteistö Oy Eagle Lahti, 2021–
Chair of the Board, Okeroisten Toimitilat Oy, 2020–
Chair of the Board, Craft Meats Oy, 2020–
Chair of the Board, Kempinnotkon Asunnot Oy, 2018–2022
Chair of the Board, Kempinpuiston Asunnot Oy, 2018–2022
Chair of the Board, Herralan Tontit Oy, 2018–2022
Chair of the Board, Potestas Oy, 2015–
Chair of the Board, Facultas Oy, 2012–
Chair of the Board, M Helsinki Oy, 2010–2022
Member of the Board, Kemppi Oy, 2006–
Member of the Board, Gelit Oy, 2019–2022
Member of the Board, Kiinteistö Oy Uusikartano, 2019–
Member of the Board, Kipinä Terveys Osuuskunta, 2018–2021
Member of the Board, Kempinvest Oy, 2017–
Member of the Board, M Helsinki Oy, 2022-
Member of the Board, Kemppi-Yhtiöt Oy, 2011-2022
Senior advisor, Dear Lucy Oy, 2016–
Founding member, Kasvuryhmä Suomi ry, 2015–
Member of the delegation, Päijät-Hämeen Vesijärvisäätiö sr, 2015–
Member of the Board, Volantes Oy, 2018–2021
Member of the Board, Svenska Handelsbanken AB (publ), Branch Operation in Finland, Lahti office, 2016–2017
Independent of the company, not independent of the company’s significant shareholders.
Indirect ownership: Kempinvest Oy. Kempinvest Oy owns 348,432 shares. Voting majority in Facultas Oy. Facultas Oy owns 17,501 shares. Voting majority in Potestas Oy. Potestas Oy owns 17,501 shares.
Teresa Kemppi-Vasama
Member of the Board, 2018–
b. 1970
Master’s degree in Political Science; MBA
Relevant work experience
CEO, Kemppi-Yhtiöt Oy, 2020–
CEO, Lomapilke Oy, 2010–2019
CEO, Kemppi Oy, 2017
Director, strategy and development, Finnish Red Cross, 2006–2009
Positions of trust
Chair of the Board, Kemppi Oy, 2014–
Chair of the Board, Auro Invest Oy, 2007–
Vice Chair of the Board, Kemppi-Yhtiöt Oy, 2020–
Vice Chair of the Board, Lappeenranta Lahti University of Technology, 2018–
Vice Chair of the Board, Lahden Teollisuusseura ry, 2014–
Member of the Board, Cargotec Corporation, 2017–
Member of the Board, Kemppi Group Oy, 2012–
Member of the Board, Kiinteistö Oy Eagle Lahti, 2021–
Member of the Board, Okeroisten Toimitilat Oy, 2020–
Member of the Board, Viipurin Taloudellinen Korkeakouluseura ry (VITAKO), 2020–
Member of the Board, Kempinnotkon Asunnot Oy, 2018–
Member of the Board, Kempinpuiston Asunnot Oy, 2018–
Member of the Board, Herralan Tontit Oy, 2018–
Member of the Board, Ferax Oy, 2009–
Vice member of the Board, Technology Industries of Finland, 2020–
Chair of the representative assembly, Perheyritysten liitto ry, 2021–Member of the representative assembly, Liikesivistysrahaston Kannatusyhdistys ry, 2019–
Member of the representative assembly, Perheyritysten liitto ry, 2015–
Member of the representative assembly, Lahden Teollisuusseuran Säätiö sr, 2014–
Member of the representative assembly, Päijät-Hämeen Vesijärvisäätiö sr, 2011–
Chair of the Board, Kemppi-Yhtiöt Oy, 2012–2020
Member of the Board, Kemppi Kiinteistöt Oy, 2012–2019
Member of the Board, Lomapilke Oy, 2010–2019
Chair of the Board, Association for Finnish Work, 2015–2018
Independent of the company, not independent of the company’s significant shareholders.
Indirect ownership: Majority owner of Bellator Oy. Bellator Oy owns 24,390 shares. Majority owner of Montia Oy. Montia Oy owns 24,390 shares.
Olli Laurén
Member of the Board, 2023–
MBA – INSEAD
Nationality: Finnish and American
Relevant work experience
Egon Zehnder, 2001-
Senior Adviser/Managing Partner (present)
Global Head, Machinery & Industrial Technology Practice
Managing Partner, Calgary and Helsinki
CEO, Arnold’s Bakery & Café, Helsinki, Finland, 1996 – 2001
Positions of trust
Chairman, Arnold’s Bakery & Café, Helsinki, Finland, 1996 – 2006
Independent of the company and independent of the company’s significant shareholders.
Holding: 2,050 shares
Eriikka Söderström
Member of the Board, 2021–
b. 1968
Master of Science in Economics
Relevant work experience
CEO, Ab Börsligan Oy, 2005–
CFO, F-Secure Corporation, 2017–2021
CFO, KONE Corporation, 2014–2016
CFO, Vacon Plc, 2009–2013
Positions of trust
Member of the Board, Amadeus IT Group, 2022–
Member of the Board, NV Bekaert SA, 2020–
Member of the Board, Valmet Corporation, 2017–2024
Independent of the company and independent of the company’s significant shareholders.
Holding: 29,181 shares
Tuula Rytilä
Member of the Board, 2023–
b. 1967
M.Sc. in Economics
Relevant work experience
Corporate Vice President, Microsoft Digital Stories, Microsoft Corporation (2016-2023)
Corporate Vice President, Post-Sale Monetization, Microsoft Corporation (2015-2016)
Corporate Vice President, Devices Marketing, Microsoft Corporation(2014-2015)
Chief Marketing Officer, Nokia Oyj (2012-2014)
SVP, Smart Devices Portfolio & Business Management, Nokia Oyj (2011-2012)
VP, Location Services, Nokia Oyj (2010-2011)
Management Positions, Nokia Oyj (1999-2009)
Positions of Trust
Breville Group Ltd., Member of the Board, 2023 –
eBrands, Member and Advisor of the Board of Directors, 2023 –
Bang & Olufsen, Member of the Board, 2019 –
National Nordic Museum, Member of the Board of Trustees, 2019 –
Independent of the company and the company’s significant shareholders.
Holding: 1,150 shares