Finnish Minerals Group (Suomen Malmijalostus Oy) is wholly owned by the State of Finland. It operates in accordance with the Finnish Companies Act, the Articles of Association and other legislation in force. The company also complies with the government resolution concerning the State's ownership policy.
The highest decision-making power at Finnish Minerals Group is exercised by the Annual General Meeting and the Board of Directors. The Prime Minister's Office is responsible for the ownership steering of the company. Finnish Minerals Group is domiciled in Helsinki, Finland.
The Group companies comprise Finnish Minerals Group as well as multi-metal company Terrafame Oy, Sokli Oy and project company Finnish Battery Chemicals Oy with its subsidiaries.
Board of directors
Finnish Minerals Group’s Board of Directors shall, in accordance with the Companies Act, see to the administration of the company and the appropriate organisation of its operations. It is responsible for the company's strategic development, directing and supervising its business operations, as well as deciding on key operating principles. The Board of Directors appoints the company's CEO who reports on the company's operations to the Board regularly.
The Board of Directors shall also be responsible for the appropriate arrangement of the control of the company accounts and finances. It is responsible for promoting the interests of the company and its shareholders. The Board has approved its rules of procedure.
Chairman of the Board
Master of Science (Economics), CFA
Partner, Capman Growth Equity
Master of Science (Technology), Licentiate of Science (Technology), MBE (diploma)
CEO, Oy Terrekta Ab
Master of Science (Technology)
Head of Mining Excellence, Yara International
Bachelor of Science (Engineering), eMBA
CEO, VAK Oy
Master of Science (Economics), CEFA
Civil servant, Ownership Steering Department, Prime Minister's Office
Master of Science (Economics)
Investment Director, Solidium Oy
Deputy Chairman of the Board
EVP Head of SSAB Europe
The CEO of Finnish Minerals Group manages the company's day-to-day activities in accordance with the instructions and orders given by the Board and the statutes in force. The day-to-day management of the company includes the company's business management and monitoring, conclusion of agreements and implementation of the decisions made by the Board.