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 the Annual General Meeting. The Board chooses a Chairman and a Vice Chairman from its members.
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
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 telecom 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 2006: 34 000 Euros
b.1943, Ph.D. Cornell University
Domicile: Espoo, 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 creation and technologies 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
Current positions of trust: Nokia Corporation: Technology Advisor, Metso Corporation: Member of the Board, RTT Oy: Chairman of the Board , Helsinki University of Technology: Member of the Board, Tampere University of Technology: Member of Advisory 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: 2007
Fees in 2006: 17 000 Euros
b. 1945, M. Sc. (Eng), Dr. Tech. (h.c.)
Domicile: Helsinki, Finland
Principal occupation: Chairman, Konecranes Plc
Employment history: Konecranes Plc: President & CEO (1994-2005), KONE Oyj, Sponsor Oy, RAY, Wärtsilä Oyj
Other simultaneous positions of trust:
Chairman: Dynea Oy, Eltel Networks Oy, Svenska Handelsbanken (Finland), Mercantile Ab, Tammet Oy, Arcada foundation
Vice chairman: Cramo Oyj
Board member: Technology Industries of Finland Supervisory Board Member: Varma Mutual Pension Insurance Company
Board member as of: 2006
Board member term ends: 2009
Fees in 2006: 13 000 Euros
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 Competitivness Working group, 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 2006: 17 000 Euros
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 2006: 17 000 Euros