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Setting the corporate strategy

Board of Directors

The Board of Directors’ duties and responsibilities include drawing up of the Board of Directors’ report, interim reports and financial statements, ensuring the proper organization and surveillance of the accounting and asset management, the preparation of proposals for the General Meeting and the convocation of the General Meetings, the approval and confirmation of strategic guidelines and the principles of risk management, the ratification of annual budgets and plans the appointment of a Chairman of the Board and a President & CEO, and decisions on the terms and conditions of their employment, decisions on the company’s corporate structure, decisions on major acquisitions and investments, and decisions on other matters falling under the Board’s responsibility by law.

The Board of Directors has appointed two permanent committees consisting of its members: the Audit Committee and the Nomination and Compensation Committee.
Antti Herlin

Antti Herlin

Chairman of the Board

 

b. 1956, D.Sc. (Econ.) h.c., D.Arts h.c., D.Sc. (Tech.) h.c.

Member of the Board since 1991
Member of the Nomination and Compensation Committee
Dependent of the company and significant shareholders 


Has served as Chairman of the Board since 2003. Previously served as Executive Chairman of the Board of KONE 2006–2021, as CEO of KONE 1996–2006, and as Deputy Chairman 1996–2003.


Current key positions of trust are Chairman of the Board of Security Trading Oy, Chairman of the Board of Holding Manutas Oy, and Chairman of the Board of the Tiina and Antti Herlin Foundation.
  • Jussi Herlin

    Jussi Herlin

    Vice Chair of the Board

     

    b. 1984, M.Sc. (Econ.), EMBA

    Member of the Board since 2012
    Member of the Audit Committee
    Member of the Nomination and Compensation Committee
    Dependent of the company and significant shareholders 

     

    Has served as Executive Vice Chair of the Board of KONE since 2021 and Vice Chair of the Board since 2014. Previously served as Senior Business Analyst and Strategy Development Manager at KONE 2016–2020, as Consultant at Accenture 2012–2014, and as Deputy Member of the Board of KONE Corporation 2007–2012.

     

    Current key positions of trust are Member of the Board of Security Trading Oy, Member of the Board of Holding Manutas Oy, Member of the Board of Technology Industries of Finland and Member of the Board of the KONE Centennial Foundation.

  • Banmali Agrawala

    Banmali Agrawala

    b. 1963, B. Engineering (Mech.)

    Member of the Board since 2025
    Independent of the company and significant shareholders

     

    Currently serves as Senior Advisor for Tata Sons Private Limited since July 2023. Previously served as President of Infrastructure, Aerospace & Defence at Tata Sons from 2017–2023, President & CEO of South Asia, at General Electric from 2013–2017, Executive Director of Strategy and Business Development at Tata Power Ltd from 2008–2013 and in various roles at Wärtsilä from 1987–2008 both in India and Finland, including Managing Director of Wärtsilä India Ltd from 2003–2008.

     

    Current key positions of trust are Chairman of the Board of Tata Advanced Systems Limited, Chairman of the Board of Tata Realty Limited, Member of the Board of Tata Electronics Ltd and Member of the Board of Pratham Education Foundation.

  • Matti Alahuhta

    Matti Alahuhta

    b. 1952, D. Sc. (Tech.), D.Sc. (Tech.) h.c.

    Member of the Board since 2003
    Independent of the company and significant shareholders

     

    Previously served as President and CEO of KONE 2006–2014, as President of KONE 2005–2006, as Executive Vice President of Nokia Corporation 2004, as President of Nokia Mobile Phones 1998–2003, as President of Nokia Telecommunications 1993–1998, and as SVP, Public Networks 1992 and VP, Dedicated Networks 1986–1991 in Nokia Telecommunications.

     

    Current key positions of trust are Chairman of the Board of DevCo Partners Corporation and Member of the Board of Volvo Group (publicly listed company).

  • Susan Duinhoven

    Susan Duinhoven

    b. 1965, Ph.D. (Physical Chemistry), B. Sc. (Physical Chemistry)

    Member of the Board since 2020
    Member of the Audit Committee and the Nomination and Compensation Committee
    Independent of the company and significant shareholders

     

    Previously served as President and CEO of Sanoma Corporation (publicly listed company) from 2015 till January 1, 2024. Previously served as CEO of Koninklijke Wegener N.V. 2013–2015, as CEO of Western Europe / CEO Netherlands at Thomas Cook Group Plc 2010–2013, as Managing Director of Benelux & New Acquisitions Europe at Reader's Digest 2008–2010, and as CEO at De Gule Sider A/S 2005–2007. Started her career at Unilever in 1988.

  • Marika Fredriksson

    Marika Fredriksson

    b. 1963, M.Sc. (Econ.)

    Member of the Board since 2023
    Chair of the Audit Committee
    Independent of the company and significant shareholders

     

    Previously served as CFO and Group Executive Vice President of Vestas Wind Systems A/S 2013–2022, CFO of Gambro AB 2009–2012, CFO of Autoliv Inc. 2008–2009, and has held various positions, including CFO and Senior Vice President Finance and Strategy at Volvo Construction Equipment Corporation 1996–2008.

     

    Current key positions of trust are Member of the Board of A.P. Møller - Maersk A/S (publicly listed company), Member of the Board of AB Industrivärden (publicly listed company), Member of the Board of Sandvik AB (publicly listed company), Member of the Board of Ecolean AB, and Chairman of the Board of emagine Consulting.

  • Anna Herlin

    Anna Herlin

    b. 1982, M. Arts and M. Soc.Sc

    Member of the Board since 2026
    Dependent of the company and significant shareholders 

     

    Previously served as Vice-Chair of Security Trading Oy since 2016 and as Board Member of the Tiina and Antti Herlin Foundation since 2014. Since 2024 she has worked in both positions in an executive role. Previously she served as Head of Development at Security Trading Oy and Tiina and Antti Herlin Foundation 2018–2024, as Project Manager at the John Nurminen Foundation 2013–2018, and as Planning Officer at the Finnish Academy of Fine Arts 2008–2009.

     

    Current key position of trust, in addition to the ones mentioned above, is Board Member of Sanoma Corporation (publicly listed company).

  • Timo Ihamuotila

    Timo Ihamuotila

    b. 1966, Lic. Sc. (Finance)

    Member of the Board since 2024
    Chair of the Nomination and Compensation Committee
    Member of the Audit Committee
    Independent of the company and significant shareholders

    Served as CFO of ABB Ltd 2017–2026. Previously served as CFO of Nokia Corporation 2009–2016, Executive Vice President, Sales, Markets of Nokia Corporation 2008–2009, and has held various other positions at Nokia Corporation, including Executive Vice-President, Sales and Portfolio Management, Mobile Phones 2007, Senior Vice-President, CDMA Business Unit, Mobile Phones 2004–2007, director positions in the finance function 1999–2004 and Manager of Dealing & Risk Management 1993–1996. Prior to that, he served as Vice-President of Nordic Derivatives Sales at Citibank Plc 1996–1999 and Analyst, Assets and Liability Management at Kansallis-Osake-Pankki 1990–1993.

     

    Current key position of trust as a member of the board of Oras Invest Oy.

Iiris Herlin and Krishna Mikkilineni served as Board members until March 5, 2026. Anna Herlin was elected to the Board on March 5, 2026.