The Board of Directors appoints the President and CEO. The President and CEO is responsible for the day-to-day management of the company in accordance with the guidelines and instructions given by the Board of Directors and informs the Board of Directors of the development of the company’s business and financial situation. The President and CEO is responsible for ensuring that the company’s accounting is legally compliant and that its financial affairs have been arranged in a reliable manner. Kjell Forsén was the President and CEO of Vaisala as well as the Chairman of Vaisala Management Group since 2006 until the end of September 2020. He retired at the end of the year. Kai Öistämö started as President and CEO in October 2020. He was born in 1964 and holds a Ph.D. degree in computer science.
The President and CEO is the Chairman of the Management Group. In 2020, the Management Group comprised seven members. The Management Group meets at least once a month to assist the President and CEO in developing and implementing the strategy, managing operational business, as well as preparing matters handled by the Board. The Management Group draws up annual operational and financial plans as well as targets related to these plans, monitors the implementation of the plans, and prepares major investments and acquisitions. The President and CEO is responsible for the decisions made by the Management Group. Members of the Management Group are responsible for implementing the decisions in their own areas of responsibility.
Members of the Management Group are the Executive VicePresidents of both business areas, the Chief Financial Officer, the Executive Vice President of Operations, the Executive Vice President of Human Resources, as well as the Group General Counsel. The General Counsel acts as secretary to the Management Group.
Vaisala announced on January 1, 2021 that Olli Nastamo, M.Sc. (Engineering), b. 1956, has been appointed Executive Vice President, Operational Excellence as of March 1, 2021. He becomes a member of the Vaisala Management Group and reports to the President and CEO Kai Öistämö. With this appointment, the number of management group members rises to eight (8).
Corporate Governance Statement 2020
President and CEO, Chairman of the Management Group
Executive Vice President, Human Resources
Executive Vice President, Industrial Measurements Business Area
Chief Financial Officer
Executive Vice President, Operational Excellence
Executive Vice President, Operations
Executive Vice President, Weather and Environment Business Area
Executive Vice President, Group General Counsel