President and CEO

Raute Corporation’s President and CEO will leave his position by mutual agreement with the company as of 30 April 2022. The Board has appointed Petri Strengell as the company’s interim President and CEO effective 1 May 2022.

Raute Corporation's Board of Directors appoints the President and CEO and confirms the terms of his or her employment. The Board of Directors evaluates the President and CEO's work annually.

Raute Corporation's President and CEO also acts as the Group's President and and as Chairman of the Group's Executive Board. The President and CEO represents the Group at the shareholders' meetings of subsidiaries and associates, and acts as Chairman of the subsidiaries' Boards of Directors, unless the Board decides otherwise in individual cases.

Tapani Kiiski, M.Sc. (Eng.) and Licentiate in Technology has been President and CEO of Raute Corporation during the period of March 16, 2004-April 30, 2022. The Board has appointed Petri Strengell (in the picture) as the company’s interim President and CEO effective 1 May 2022. In addition, Petri Strengell continues as the company's Chief Operating Officer (COO).

Raute Corporation’s Board of Directors has appointed Mika Saariaho as the new President and CEO. He will join Raute from Metso Outotec Corporation where he holds the position of Senior Vice President, with responsibility for the crusher wears business. He will take over the position as Raute’s President and CEO at the latest on November 24, 2022.

Remuneration to the President and CEO is described in the section Remuneration and in the published Remuneration report.

Year 2021

The salaries and bonuses paid to Raute Corporation's President and CEO, Mr. Tapani Kiiski, in 2021 amounted to altogether EUR 329 thousand, which consists of regular salaries including fringe benefits of EUR 304 thousand and share-based long-term incentive plan (LTI) of 25 thousand.

Tapani Kiiski owned 25 626 series A shares on December 31, 2021.