Board of Directors

Members of the Board

In accordance with the Vaisala Oyj's Articles of Association, the Vaisala’s Board of Directors comprises at least three (3) and at most six (6) members. According to current practice, the Board comprises six members. All Board members are appointed by a Shareholders’ Meeting. The Board chooses a Chairman and a Vice Chairman from its members.
Holdings of the company's permanent insiders

Term of office of members of the Board

In deviation from recommendation no. 10 of Finnish Corporate Governance code, the term of office of members of the Board is not one year. According to the Articles of Association, the term of office is 3 years. The term of office begins after the meeting in which the member is elected, and ends after three (3) subsequent Annual General Meetings.

Meetings of the Board

The Board of Directors had 9 meetings in 2007. An average of 94 per cent of the Board members were present at the meetings.

Committees of the board

There are no committees. The board of directors discharges the duties of the audit committee.

The Board of Directors conducts a self-evaluation process every year.

Chairman
Raimo Voipio, b. 1955, M.Sc. (Eng. )
Domicile: Helsinki, Finland
Principal occupation: Board member in various technology companies
Employment history: Nokia Corporation: various product marketing positions 10 years, Private telephone companies: various product marketing positions 5 years.
Other simultaneous positions of trust: Space Systems Finland Oy: board member, IST International Security Technology Oy: board member
Board member as of: 1989
Board chairman as of: 1994
Board chairman term ends: 2011
Fees in 2008: 35.000 EUR

     

Vice Chairman
Yrjö Neuvo, b. 1943, Ph.D. Cornell University
Domicile : Helsinki, Finland
Principal occupation:Various research technology and business related expert positions
Employment history:
Nokia Corporation, Technology Advisor 2006; Nokia Group Executive Board 1993 – 2005, responsible for product development of mobile phones
Academy of Finland, National Research Professor, 1984 – 1992
Tampere University of Technology, Professor of Signal Processing, 1976 – 1992
University of California, Santa Barbara, Visiting Professor, 1981 - 1982
Other simultaneous positions of trust:
Metso Corporation, Member of the Board
Tampere University of Technology, Member of Advisory Board
Metropolia Polytechnic, Vice Chairman of the Board
The Foundation of Technology, Chairman of the Board
Artemis European Technology Platform, Chairman of the Board
VTT Technical Research Centre of Finland,Chairman of Scientific Advisory Board    Cornell University Council, Member
Finnish Centre of Expertise Program, Chairman of the Board
Millennium Prize Foundation, Member of the Board
Finnish Science Centre Foundation (Heureka), Member
Board member as of: 1989
Board member term ends: 2010
Fees in 2008: 25.000 EUR

 

 

      

Member
Stig Gustavson, b. 1945, M. Sc. (Eng), Dr. Tech. (h.c.)
Domicile: Helsinki, Finland
Principal occupation: Chairman, Konecranes Plc
Employment history: KONE Oyj, Sponsor Oy, RAY, Wärtsilä Oyj, Konecranes President and CEO 1994 - 2005
Other simultaneous positions of trust:
Chairman: Dynea Oy,  Svenska Handelsbanken (Finland), Tammet Oy, Arcada
foundation, Cramo Oyj
Board member: Fastems Oy, Oy Mercantila Ab
Supervisory Board Chairman: Tampere Technical University
Supervisory Board Member: Varma Mutual Pension Insurance Company
Board member as of: 2006
Board member term ends: 2009
Fees in 2008: 25.000 EUR

 

  

      

 

Member
Mikko Niinivaara, b. 1950, M.Sc. (Eng.)
Domicile: Kauniainen, Finland
Principal occupation: President, Country manager, ABB Oy
Employment history:
ABB Industry Oy: President 1999 -2001; ABB Ltd, Zurich: Division Director 1993-1998,
various managerial positions at ABB Group 1984-1993, B.S.W., Saudi-Arabia: President 1981-1984
Other simultaneous positions of trust:
ABB Oy: Board Member, Technology Industries of Finland: Member of Executive  Board  and Chairman of the Competitiveness Working  group,
Confederation of Finnish Industries: Board Member,
Helsinki University of Technology: Board Member of Advisory Board,
Energiaforum ry: Board Member
Board member as of: 2002
Board member term ends: 2011
Fees in 2008: 25.000 EUR

 

 

      

Member
Maija Torkko, b. 1946, B.Sc (Econ.), LL.M.
Domicile: Helsinki, Finland
Principal occupation: -
Employment history: Nokia Corporation, Senior Vice President, Corporate Controller - 2006
Other simultaneous positions of trust: -
Board member as of: 2007
Board member term ends: 2010
Fees in 2008: 25.000 EUR

 

 

        

Member
Mikko Voipio, b. 1960, M.Sc. (Eng.)
Domicile: Helsinki, Finland
Principal occupation: Scientist
Employment history: R&D in SW and Telecom business
Other simultaneous positions of trust: Fontus Oy: Board Member, Novametor Oy: Board Member
Board member as of: 1994
Board member term ends: 2009
Fees in 2008: 25.000 EUR

 

 

Secretary, Matti Kari, L.LM, Attorney at Law