Presentation of proposed Board of Directors' members
Annual General Meeting, 26 March 2025
The Nomination Board proposes to the Annual General Meeting 2025 that the number of members of the Board of Directors shall be confirmed to be five (5) and that the current members of the Board of Directors Jouni Heinonen, Helena Nordman-Knutson, and Kirsi Sormunen be re-elected as members of the Board of Directors and Christian Busdiecker and Elisabeth Larsson be elected as new members of the Board of Directors for the term ending at the closure of the Annual General Meeting of 2026. Of the current members, Petri Helsky and Jouko Peussa have informed that they are not available for re-election to the Board of Directors for the new term.
The Nomination Board further proposes Jouni Heinonen to be re-elected as Chairman of the Board of Directors for the term ending at the closure of the Annual General Meeting of 2026.
All persons proposed for Board service have given their consent to serving on the Board and are considered to be independent of the Company and its shareholders.
Jouni Heinonen
Proposed for re-election
Helena Nordman-Knutson
Proposed for re-election
Kirsi Sormunen
Proposed for re-election
Christian Busdiecker
Proposed new member
Elisabeth Larsson
Proposed new member
Born 1960, male, M.Sc (Mechanical Eng.)
Swiss and Finnish citizen
Managing Partner, HVD Partners GmbH
Chairman of the Exel Composites’ Board since 2023
Member of the Audit and Risk Committee since 2024
Member of the People and Remuneration Committee since 2024
Member of the Board since 2022
Key professional experience
Managing Partner, HVD Partners GmbH (ongoing)
Interim President and CEO of Exel Composites (Oct 2022-Mar 2023)
Chairman of the Board of Directors, Finnester Coatings Oy
Operating Partner, Humatica AG
Chairman of the Board, Solifos AG
Chairman of the Board & member of the Board, Enfucell
Member of the Board, FTTH Council Europe
CEO & member of the Board, Plumettaz SA
CEO, Gurit Holding AG
COO, Gurit Composite Technologies
CEO & member of the Board, Nextrom Holding SA
Key positions of trust (current)
Chairman of the Board of Directors, SAMP Srl
Member of the Board of Directors, Astera Solutions GmbH
Independence
Independent of the Company and its major shareholders
Shareholding (direct & indirect) on 31 Dec 2024
177,768 Exel shares
Born 1964, female, M.Sc (Pol. Sciences), M.Sc (Econ.)
Finnish citizen
Advisor and Senior Consultant, Safir Communication
Member of the Audit and Risk Committee since 2024
Member of the Board since 2017
Key professional experience
Advisor and Senior Consultant, Safir Communication (ongoing)
Executive Director, Partner, Hallvarsson & Halvarsson
Sales Director and Senior Consultant, Springtime
Head of Telecom Research, Pareto Öhman
Head of Telecom Research and partner, Öhman Fondkommission
Head of Telecom Research, SEB
Key positions of trust (current)
Member of the Board, Chairman of the Audit Committee, Alimak Group
Member of the Board, Nidoco Group
Member of the Board, Nivika AB
Member of the Board, USWE Sports AB
Member of the Board, Karnell Group AB
Member of Royal Academy of Sciences investment Committee
Member of the investment Committee of the Sjöberg Foundation
Independence
Independent of the Company and its major shareholders
Shareholding on 31 Dec 2024
146,205 Exel shares
Born 1957, female, M.Sc (Econ)
Finnish citizen
Board professional
Member of the Audit and Risk Committee since 2024
Member of the Board since 2020
Key professional experience
Member of the Board of Directors, DNA
Member of the Board of Directors, Talvivaara plc
Member of the Board of Directors, Sitra
Member of the Board of Directors, VR Group
Member of the Board of Directors, Neste Oyj
Head of Nokia Bridge, Vice President, CSR, Nokia
Vice President, Sustainability/CSO, Nokia Oyj
Finance Director/CFO, Nokia Americas
Finance Director, Nokia Telecommunications
Group Treasurer, Nokia
Key positions of trust (current)
Member of the Board, WithSecure
Senior Advisor, Directors’ Institute of Finland, DIF
Independence
Independent of the Company and its major shareholders
Shareholding on 31 Dec 2024
104,796 company shares
Born 1979, male, M.Sc. (Business Administration and Mechanical Engineering)
German citizen
Managing Partner, Greentech Partners
Previous main positions
2023- (ongoing) Co-Founder and Managing Partner, Greentech Partners
2021-2022 Senior Vice President Global Service, Nordex SE
2018-2021 Senior Vice President Service, Division Europe, Nordex SE
2013-2017 Senior Director/Vice President Technology Management, Nordex SE
2012-2013 Director Business Development, Nordex SE
2009-2012 Mgr. Corporate Development/ Business Development Offshore, Nordex SE
2006-2008 Consultant, Roland Berger Strategy Consultants
Key positions of trust
Managing Director for HB Greentech Partner GmbH, Buss Energy Group GmbH, Buss Wind Services GmbH, Buss Blades Verwaltung GmbH, Buss SHC Verwaltung GmbH
Independence
Independent from the company and significant shareholders
Shareholding on 31 Dec 2024
No Exel shares recorded in the shareholder register maintained by Euroclear Finland
Born 1970, female, M.Sc. (Business Administration and Economics)
Swedish citizen
Senior Vice President, Sales and Services at Volvo Energy
Previous main positions
2021- (ongoing) Senior Vice President, Sales and Services, Volvo Energy
2019-2021 Managing Director and Vice President, Volvo Trucks South East Asia
2016-2019 Vice President, Commercial Trucks, Volvo Trucks International
2015-2016 Senior Vice President, Vehicle Sales, Volvo Group Truck Sales
2011-2014 Vice President, Vehicle Sales and Marketing, Asia Oceania Sales, Volvo Group
2009-2011 Director, Vehicle Sales, Asia Truck Operations, Volvo Group
2008-2009 Director, Capacity Planning Process, Asia Truck Operations, Volvo Group
2002-2008 Manager, Logistic Department, Volvo Trucks, International Division
1999-2001 Manager, Logistic Department, Volvo Trucks France
1998-1999 Product & Price Offering, Europe Volvo Trucks, European Division
1996-1998 Regional order planning, France and Belgium Volvo Trucks, Manufacturing
Key positions of trust
2020-2021 Vice President and Board member, Swedish Chamber of Commerce in Singapore
2020-2021 Board of Commissioners, PT Volvo Indonesia
2019-2021 Chairman of the Board, Volvo Malaysia Sdn Bhd
Independence
Independent from the company and significant shareholders
Shareholding on 31 Dec 2024
No Exel shares recorded in the shareholder register maintained by Euroclear Finland