The President and CEO is responsible for the day-to-day management of the company in accordance with the guidelines and instructions of the Board of Directors. The President and CEO is responsible for the company's accounts conforming to legislation and its assets being reliably managed. The President and CEO must supply all information necessary for the appropriate working of the Board of Directors to the Board or any of its members.
The President and CEO may undertake matters that are exceptional or have wide-ranging consequences with regard to the scope and nature of the company's business only through authorisation by the Board of Directors or in the event that a Board decision cannot be waited for without causing essential damage to the company's operation. In the latter case, the Board must be notified of the action taken as soon as possible.
The President and CEO, Mr Kai Telanne, is supported by a Group Executive Team comprising Kari Juutilainen (Senior Vice President, Alma Regional Media), Kari Kivelä (Senior Vice President, Publisher of IL-Media), Juha-Petri Loimovuori (Senior Vice President, Financial Media and Business Services), Raimo Mäkilä (Senior Vice President, Marketplaces), Juha Nuutinen (CFO), Mikko Korttila (General Counsel), and Virpi Juvonen (Senior Vice President, Human Resources). The secretary of the Group Executive Team is Rauno Heinonen (Senior Vice President, Corporate Communications and Investor Relations).
The Group Executive Team prepares the monthly reports, investments, Group guidelines and policies, long-range plans, action plans covering the following 12 months, and the financial statements for confirmation by the Board of Directors. The Group Executive Team normally meets once a month. The Group Executive Team met 20 times in 2014.