Caruna’s management practices are based on the company’s strategy and values, as well as on policies and principles defined on the Group level. Our management practices adhere to highly regarded corporate governance and general leadership principles. We have defined Caruna’s strategy and business goals on a company-wide basis and shared them with the entire organisation.

Caruna’s operations are led by our Management Team, in charge of long-term strategic planning and the business plan. The business plan is drawn up for four-year periods and is adjusted annually as necessary. Each business unit uses these documents as the basis for their own yearly operation plans. The operations and goals are monitored regularly by various management teams and the Caruna Management Team. The results are reported to the Board of Directors.

A set of company- and unit-specific performance indicators have been created for monitoring Caruna’s operations, including cascading down to individual employee level. The operations are examined as a whole, and the indicators have been designed to exclude the possibility of partial optimisation. The performance of each member of personnel is looked at in light of the company’s strategic business goals. The set of indicators also functions as a basis for our reward system. Caruna’s reward system applies to our entire personnel.

The quality of management is evaluated by yearly personnel surveys. Caruna promotes self-management and encourages the members of personnel to actively participate in improving the working environment.

Board of Directors

Members of the Board in 2015

caruna_hallitus

 

Juha Laaksonen
Chair
Juha Laaksonen
Chair

Chairman of the Board since 2014

Degree:
B.Sc. (Econ.)

Present positions:

  • Chairman of the Board, Alfred Kordelin Foundation, since 2014

  • Member of Board, Sponda Plc, since 2013

  • Member and Vice-Chairman of the Board, Taaleritehdas Plc, since 2013

  • Chairman of the Board, The Association of Finnish Fine Arts Foundations, since 2012

  • Member of the Board and Chairman of the Audit Committee, Kemira Oyj, since 2007

  • Chairman of the Board, The Fortum Art Foundation, since 2006

Previous experience:

  • Executive Vice President and CFO, Fortum Corporation, 2000–2012

  • Vice President, Mergers & Acquisitions, Fortum Oyj, 2000

  • Executive Vice President, Finance & Planning, Fortum Oil & Gas, 1999

  • Chief Financial Officer, Neste Oyj, 1998–1999

  • Corporate Controller, Neste Oyj, 1997–1998

  • Vice President, Finance & Strategy, Neste Chemicals, 1993-1996

  • Various managerial and expert positions, Neste Corporation, 1979-1992

  • Chairman of the Board, Sato Oyj, 2007-2015

  • Member of the Supervisory Board, Kemijoki Oy, 2002–2013

  • Member of the Board, Teollisuuden Voima Oy, 2003–2010

  • Member of the Board, Neste Oil Oyj, 2005–2007

  • Member of the Supervisory Board, Tapiola Mutual Insurance Company, 2002–2007

  • Chairman of the Board, Fortum Pension Fund, 2001–2005

Marcus Ayre
Member of the Board
Marcus Ayre
Member of the Board

Degree:
Bachelor of Laws (Hons) degree from the University of Birmingham and a qualified barrister

Present positions:

  • Partner in the European Direct Infrastructure team and Head of Infrastructure Transactions, First State Investments (FSI)

  • Member of the Direct Infrastructure Senior Management Team and EDIF Investment Committee member

 

Previous experience:

  • Vice President and other various management roles, HSBC and Baring Brothers/ ING Barings

  • Extensive industry experience, including a decade spent in investment banking.

Ralph Berg
Member of the Board
Ralph Berg
Member of the Board

Degree:
Juris Doctor from the Universidad de Buenos Aires.

Present position:

  • Executive Vice President & Global Head of Infrastructure, Omers Private Markets

 

Previous experience:

  • Managing Director and Head of the European Power and Utilities Team, Credit Suisse

  • Energy team at Deutsche Bank in New York and London for almost 12 years.

Jouni Grönroos
Member of the Board from 24 March 2015
Jouni Grönroos
Member of the Board from 24 March 2015

Degree:
M.Sc. (Econ.)

Present positions:

  • Deputy Chief Executive Officer and Chief Financial Officer of the Group Management Team at Fazer Group since 2010

  • Member of the National Auditing Board of the Central Chamber of Commerce of Finland

  • Member of Board of the Finnish Coast Artillery Foundation

 

Previous experience:

  • Managerial positions in Rapala VMC Corporation, Outokumpu Stainless Steel Oy, AvestaPolarit Oyj Abp and Outokumpu Oyj

Colin Hood
Member of the Board until 4 Nov 2015
Colin Hood
Member of the Board until 4 Nov 2015

Present positions:

  • Chairman of the Offshore Renewable Energy Catapult in Glasgow an Innovate UK funded organization.

  • Sits on the boards of HS1 and Ellevio on behalf of Borealis.

 

Previous experience:

  • Chairman of Southern Water

  • He was formerly Deputy CEO and COO of Scottish and Southern Energy and has served on the boards of FirstGroup and the Glasgow 2014 Commonwealth Games.

John McManus
Member of the Board until 9 Dec 2015
John McManus
Member of the Board until 9 Dec 2015

Degree:
B.Comm. degree from the University of Toronto. He also holds the Chartered Professional Accountant and Chartered Accountant designations

Present positions:

  • Senior Advisor to Borealis/OMERS

  • Member of Board of Bruce Power, HS1, Associated British Ports, Scotia Gas Networks, and DRTP

Niall Mills
Member of the Board
Niall Mills
Member of the Board

Degree:
MBA from London Business School, an Institute of Directors Diploma in Company Directorship and a B.Eng. (Hons) in Civil Engineering. He is a Fellow of the Institution of Civil Engineers

Present position:

  • Partner and Head of Infrastructure Asset Management in the European Direct Infrastructure Team, First State Investments (FSI)

 

Previous experience:

  • Over 25 years’ experience in infrastructure and engineering and project management

  • Director of Anglian Water Group, Electricity North West, Regasificadora del Noroeste, Newham Hospital Healthcare Services, Caruna and Digita Oy.

  • Asset Director at Southern Water, Director of Projects at Novar Projects Limited and Project Director at Bechtel Limited

Tomas Pedraza
Member of the Board
Tomas Pedraza
Member of the Board

Degree:
Industrial Engineer at the Universidad Pontificia de Comillas. He also has an Executive MBA from the IESE Business School, University of Navarra, Spain, University of Michigan – Stephen M. Ross School of Business and China Europe International Business School

Present position:

  • Director in the European Direct Infrastructure team at First State Investments (FSI)

Previous experience:

  • Member of the Strategy and Business Development team of Gas Natural Fenosa

Alejandro Lopez Delgado
Deputy Board Member
Alejandro Lopez Delgado
Deputy Board Member

Degree:
B.Sc. and M.Sc. (Civil Engineering) degrees from Universidad Politecnica de Madrid and an MBA from The Wharton School at the University of Pennsylvania

Present position:

  • Director at Borealis Infrastructure

  • Member of Board at Scotia Gas Networks

 

Previous experience:

  • Previous roles at Mubadala Infrastructure Partners in Abu Dhabi, Goldman Sachs Infrastructure Partners in London and Cintra (Ferrovial Group) in Madrid.

Gregor Kurth
Deputy Board Member
Gregor Kurth
Deputy Board Member

Degree:
M.Sc. in International Finance and Accounting from City University of London and a BSc in International Economics from Maastricht University, Netherlands

Present position:

  • Director in the European Direct Infrastructure team at First State Investments (FSI)

 

Previous experience:

  • Has previously worked for 3i Infrastructure and Deutsche Bank

In 2015, the board held a total of eight meetings.

The Board of Directors meets according to a previously agreed upon schedule. In 2015, the board held a total of eight meetings. The CEO attends board meetings regularly. The manager in charge of company development acts as the secretary of the Board.

Committees under the Board are the Audit Committee, the Nomination and Remuneration Committee, and the Health, Safety and Environment Committee. Matters related to corporate responsibilities are discussed mainly in the Health, Safety and Environment (HSE) Committee. The committees support the Board by preparing and discussing in more detail matters under the responsibility of the board. The Board appoints committee members from amongst the Board members. When necessary, the Board may form other committees and work groups from its members to prepare important decisions.

Internal auditors help to ensure that Caruna’s operations remain successful and appropriate. They report to the Board and the Control Committee.

Management Team

Management team in 2015:

Ari Koponen
M.Sc. (Economics), b. 1964
CEO
Ari Koponen
M.Sc. (Economics), b. 1964
CEO

Degree:
M.Sc. (Economics)

Experience:
26 years in the energy business

Previous positions:

2009-2013   Head of Fortum Distribution
2006-2009   Head of Asset Management and Design, Nordic, Fortum Distribution
2005-2006   Head of Fortum Distribution
2003-2005   Manager Business Development, Fortum Corporation
2002-2003   CEO, ELNOVA/Uudenmaan Sähköverkko

Jörgen Dahlqvist
B.Sc. (Engineering), b. 1966
Head of Network Operations
Jörgen Dahlqvist
B.Sc. (Engineering), b. 1966
Head of Network Operations

Degree:
B.Sc. (Eng.)

Experience:
20 years in electricity distribution

Previous positions:

2006-2013   Head of Network Operations Finland, Fortum Distribution
2003-2005   Operation Manager South Finland, Fortum Distribution
2003              Network Service Manager South Finland, Fortum Distribution
1995-2002   Network Operations /Primary Substations Project Management, ELNOVA/Uudenmaan Sähköverkko

Riikka Hirvisalo-Oja
M.Sc. (Economics), b. 1966
Head of Regulation and Revenue
Riikka Hirvisalo-Oja
M.Sc. (Economics), b. 1966
Head of Regulation and Revenue

Degree:
M.Sc. (Economics)

Experience:
15 years in electricity distribution, of which 8 in the Nordic organisation

Previous positions:

2009-2013   Head of Customer Relations, Nordic, Fortum Distribution
2007-2009   VP Purchasing and AMM Nordic, Fortum Distribution
2005-2007   Head of Measurements and Technical Service, Customer Service, Fortum Distribution
2002-2005   Head of Technical Service, Customer Service, Fortum Distribution

Timo Jutila
B.Sc. (Engineering), b. 1966
Head of Asset Management and Design
Timo Jutila
B.Sc. (Engineering), b. 1966
Head of Asset Management and Design

Degree:
B.Sc. (Engineering)

Experience:
16 years in electricity distribution and 9 years in multiple positions in the electricity machines manufacturing industry

Previous positions:

2013  Head of Local Network, Sweden and Finland, Fortum Distribution
2008-2012 Head of Customer Relations, Finland, Fortum Distribution
2008 Head of Technical Service (Customer Relations), Fortum Distribution
2004-2007 Head of Technical Service Finland, Fortum Customer Services

Katariina Kalavainen
B.Sc. (Economics), b. 1970
Head of Customer Relations
Katariina Kalavainen
B.Sc. (Economics), b. 1970
Head of Customer Relations

Degree:
B.Sc. (Economics)

Experience:
5 years in electricity distribution, 14 years in customer services

Previous positions:

2008-2013 Head of Customer Data Management, Fortum Distribution
2008  Team Manager, Customer Service, Fortum Distribution
2006-2008 Customer Service Manager, private and small business customers, Elisa Oyj
2004-2005   Customer Service Manager, private customers, Elisa Oyj

Heikki Linnanen
M.Sc. (Engineering), b. 1971
Head of Projects, IT and Sustainability
Heikki Linnanen
M.Sc. (Engineering), b. 1971
Head of Projects, IT and Sustainability

Degree:
M.Sc. (Engineering)

Experience:
5 years in Nordic electricity distribution, 14 years in project and IT management

Previous positions:

2013  Head of Projects, IT and Sustainability, Fortum Distribution
2008-2012 Project Manager, smart metering project Finland, Fortum Distribution
2006-2008 Program Manager, integration and solution sales, Nokia Siemens Networks
2005-2006 Portfolio Manager, Nokia Siemens Networks

Harri Pynnä
Master of Laws, b. 1956
Head of Company Development
Harri Pynnä
Master of Laws, b. 1956
Head of Company Development

Degree:
Master of Laws

Experience:
18 years of experience in energy business

Previous positions:

1998-2013 General Counsel of Fortum Corporation
1994-1998 Industrial Counsellor for Ministry of Trade and Industry
1982-1994 Legal Counsel and Senior Vice President, Corporate and Investment banking                                    Union Bank of Finland

Tommi Saikkonen
M.Sc. (Economics), b. 1966
Head of HR
Tommi Saikkonen
M.Sc. (Economics), b. 1966
Head of HR

Degree:
M.Sc. (Economics)

Experience:
5 years of experience in Nordic electricity distribution, 25 years in HR

Previous positions:

2009-2013 VP Human Resources, Electricity Solutions & Distribution, Fortum Oyj
2008-2009 VP Human Resources, Distribution, Fortum Oyj
2000-2008 HR Manager / Director, Human Resources, Nokia Ltd
1997-2000 HR Consultant / HR Manager, ICL Data Ltd
1995-1997 Training Manager, Local Insurance Mutual
1992-1995 Training Consultant / Manager, Federation of Finnish Insurance Companies
1990-1992 Training Consultant, Helsinki School of Economics

Jyrki Tammivuori
M.Sc. (Economics), b. 1971
CFO
Jyrki Tammivuori
M.Sc. (Economics), b. 1971
CFO

Degree:
M.Sc. (Economics)

Experience:
member of management team since 2015, over 18 years of experience in finance

Previous positions:

2013-2014 Acting Chief Financial Officer, Stora Enso Oyj
2008-2014 Group Treasurer, Stora Enso Oyj
1999-2008 several other finance positions at Stora Enso Oyj in Brussels, London and Helsinki
2012-2015 Member of the Board of Directors, Tornator Oyj
2010-2012 Deputy Member of the Board of Directors, Tornator Oyj
2009-2014   Non-executive Member of the Board of Directors, Thiele Kaolin Company, GA USA

Henna Tuominen
MA, b. 1976
Head of Communications
Henna Tuominen
MA, b. 1976
Head of Communications

Degree:
MA (Intercultural business communication)

Experience:
management team member since 2014, over 15 years of experience in communications

Previous positions:

2009-2014 Communications Manager, Elisa Oyj
2001-2009 Manager, PR and reputation   management agency Pohjoisranta

Operative organisation

Caruna operates three business units: Asset Management, Network Operations, and Customer Relations. The business operations are supported by support units and each unit’s head reports directly to the CEO.

Organisation