Vaisala - Annual Report 2005

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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.

Term of office of members of the Board

In deviation from recommendation no. 12 of the Corporate Governance Recommendation for Listed Companies, 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.

Holdings of the permanent insiders

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: 2008 Fees in 2005: 26,910 EUR

Vice Chairman

Yrjö Neuvo, b. 1943, Ph.D. (EE)
Domicile: Helsinki, Finland Principal occupation: Professor Employment history: Nokia Corporation: Senior Vice President 1992-2006, Academy of Finland: National Research Professor 1984-1992, Tampere University of Technology: Professor of Electrical Engineering 1976-1992, University of California, Santa Barbara, USA: Visiting Professor, Digital Filtering, Electronics, Signal Processing 1981-1982 Helsinki University of Technology: Acting Professor of Department of Technical Physics 1975-1976
Other simultaneous positions of trust: Confederation of Finnish Industry and Employers (TT): Chairman of the Research and Technology Committee 2004, National Technology Agency (TEKES): Vice Chairman of the Board, Helsinki University of Technology: Member of the Research Counsil, Tampere University of Technology: Member of the Advisory Committee, Ministry of the Interior: Chairman of the Working Group for Centre of Expertise Programme, Ministry of Education: Member of the Steering Group for Graduate Schools Board member as of: 1989 Board member term ends: 2007 Fees in 2005: 13,455 EUR

Member

Pekka Hautojärvi, b. 1944, Doctor of Science in Technology
Domicile: Espoo, Finland Principal occupation: Professor, Helsinki University of Technology Employment history: - Other simultaneous positions of trust: Finnish Academy of Science and Letters: Board member and treasurer Board member as of: 1995 Board member term ends: 2006 Fees in 2005: 13,455 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, ABB Power Oy: President 1989-1995, ABB Strömberg Transmission Oy: 1988-1989, ABB Strömberg Oy: Director 1987-1988, Kymi-Strömberg Oy: Marketing Director 1984-1987, B.S.W., Saudi-Arabia: President 1981-1984
Other simultaneous positions of trust: ABB Oy: Board Member, ABB Current Oy and ABB East Venture Oy: Chairman of the Board: Technology Industries of Finland: Member of Executive Comittee and Chairman of the Working committee, Confederation of Finnish Industries: Board Member, Helsinki University of Technology: Board Member of Foundation, Energiaforum ry: Board Member Board member as of: 2002 Board member term ends: 2008 Fees in 2005: 13,455 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: 2006 Fees in 2005: 13,455 EUR

Member

Gerhard Wendt, b. 1934, Ph.D
Domicile: Helsinki, Finland Principal occupation: - Employment history: Kone Oyj: Managing Director Other simultaneous positions of trust: Kone Oyj: Board Member, Halton Oy: Board Member, Algol Oy: Chairman of the Board Board member as of: 1992 Board member term ends: 2007 Fees in 2005: 13,455 EUR

Secretary, Jussi Mykkänen, Licentiate of Technology, MBA
New Business Development Director