Organization and Management

The Vaisala Group is managed by the Board of Directors, the President & CEO and Vaisala Management Group.

The Board of Directors’ duties and responsibilities include the approval and confirmation of strategic guidelines and principles of risk management, ratification of annual budgets and plans, decisions on corporate structure, major acquisitions and investments and the appointment of the Chairman of the Board and the President & CEO.

The Chairman of the Board and the President & CEO are responsible for ensuring that the plans and goals set by the Board of Directors are carried out within the Vaisala organization. In addition, the President & CEO is responsible for the operative leadership within the scope of the strategic and operative plans, budgets and action plans approved by the Group’s Board of Directors. The President presents issues concerning the operations and is responsible for implementing the decisions of the Board.

Vaisala Management Group supports the President & CEO in executing the corporate strategy. It follows business developments, initiates actions and defines operative principles and methods in accordance with guidelines handed down by the Board of Directors and by the President & CEO.

Vaisala’s Board of Directors is responsible for the administration and the proper organization of the operations of the Company. In accordance with Vaisala Corporation’s Articles of Association, the Company’s Board of Directors comprises at least four and at most eight members. All Board members are appointed by an Annual General Meeting. The Board of Directors elects a Chairman and a Vice Chairman from among its members.

The term of the members of Vaisala’s Board of Directors deviates from the Recommendation 10 of Corporate Governance Code, which recommends a term of one year. The term of the Company’s Board of Directors is determined in accordance with its Articles of Association. Under the Articles of Association, a member’s term is three years, beginning at the close of the General Meeting in which the member is elected and ending at the close of the third subsequent Annual General Meeting. The General Meeting decides on changes to the Articles of Association. A longer term effectively promotes the commitment of Vaisala’s principal shareholders to the Company’s long-term development. The longer term practice has worked well and benefited the Company.

The President and CEO is the Chairman of Vaisala’s Leadership Team. The Leadership Team has eight members and it convenes once a month to execute Vaisala's strategy and take care of the Company's operative management. It consists of the heads of business areas, finance and control, operations and human resources.