Chief Executive Officer

The Board of Directors appoints and discharges the CEO and decides on the CEO’s remuneration and other terms of employment.

  1. The CEO sees to the daily administration of the company in accordance with the instructions and orders given by the Board of Directors. The CEO is responsible for the day-to-day management of the company and Group as well as drawing up and presenting the Group’s strategy and business plans to the Board of Directors for approval. The CEO reports to the Board of Directors and the Supervisory Board.
  2. The CEO also presents matters to be decided on by the Board of Directors.

The division of tasks between the CEO and the Board of Directors is described in more detail in the Board’s charter.

Information on the remuneration and terms of employment of the Chief Executive Officer is provided in the section “Remuneration of Senior Management”.

Vesa Tempakka, M.Sc. (Econ.), born 1963, has been the Chief Executive Officer of Vapo Oy since 29 May 2017.

The Chief Executive Officer does not hold any shares in Vapo Oy or its subsidiaries.