Other executives

The Group Executive Committee assists the Group CEO in effective discharge of the CEO duties as set by the Finnish Limited Liability Companies Act and the company`s Articles of Association. The Management Executive Committee is an advisory body which was set up by the Board of Directors in November 2009. The Management Executive Committee has neither authority, based on laws or the Articles of Association, nor any independent decision-making rights. Decisions on matters discussed by the Management Executive Committee are taken by the CEO, a Management Executive Committee member responsible for the matter in question, the Board of Directors of the Company or the board of directors of one of the subsidiaries, as appropriate. The current members of the Management Executive Committee are as follows:
Mr. Alwyn Smit      Chief Executive Officer, Group
Dr. Danko Koncar  Chief Executive Officer, Minerals Processing Businesses
Dr. Alistair Ruiters Chief Executive Officer, Ruukki South Africa
Mr. Thomas Hoyer Chief Executive Officer, House Building and Wood Processing Businesses
Ilona Halla             Chief Financial Officer,  Group
CEO serves as the Chairman of the Executive Committee which meets normally monthly and around 12 times a year.

The Executive Committee responsibilities are to:
- assist the CEO in managing the company in day to day operations
- provide leadership to the Group, determine its priorities and the ways to operate
- prepare and develop the Group strategy for the Board approval
- implement the Group strategy and monitor the development of results
- assist in any other matter Board delegates to the CEO and the Executive Committee.

Introduction of the Group management >>

Corporate Governance Code recommendations: