Corporate Governance

CEO and Executive Group

The CEO of Evli leads the company’s day-to-day operations in accordance with the instructions and orders given by the Board of Directors. In the operative management of the company, the CEO is assisted by the Executive Group. Evli's Board of Directors appoints the CEO and decides the terms of his employment. The Board also confirms the members of the Executive Group based on the CEO’s proposal.

CEO’s duties and responsibilities

The CEO is responsible for the company’s day-to-day management in compliance with the instructions and decisions provided by the Board of Directors. Evli Group’s Executive Group assists the CEO in the operative management of the company. The CEO’s duties include the management and supervision of the Group’s business, preparation of matters to be handled by the Board, and implementation of the Board’s decisions. In accordance with the Limited Liability Companies Act, the CEO ensures that the company’s accounting is lawful, and that the asset management is arranged reliably.

The CEO’s period of notice is six months, and the severance compensation payable to the CEO in addition to the salary for the period of notice corresponds to 12 months’ salary. The CEO’s retirement age is 63 years. The company’s CEO is Maunu Lehtimäki, M.Sc. (Econ.), born in 1967.

Executive Group’s duties and responsibilities

The Executive Group consists of the CEO and six members. The CEO presents a proposal regarding the choice of members to the Executive Group, and these names are then subject to confirmation by the Board of Directors.

The CEO convenes the Executive Group as necessary and serves as its Chairman. The Executive Group normally meets twice a month. The Executive Group’s task is to support the CEO in preparing and implementing the strategy and in coordinating the Group’s operations. The Executive Group’s duties also include preparing and executing matters that are significant or involve fundamental principles and ensuring internal co-operation and
communication.