SRV | Corporate management

It is the President & CEO’s task to manage the Group and its businesses with support from the Corporate Executive Team.

President and CEO

The President and CEO is in charge of the company's line operations and day-to-day administration. The President and CEO is accountable to the Board of Directors for the achievement of the goals, plans, policies and objectives set by the Board of Directors. The President and CEO ensures that the Company's bookkeeping complies with applicable legislation, and that funds are managed in a reliable manner. The President and CEO prepares matters to be decided on by the Board of Directors and implements the Board’s decisions. The President and CEO also serves as the Chair of the Corporate Executive Team. The Board of Directors appoints the President and CEO and (if applicable) the Deputy CEO, and relieves them of their duties.

Saku Sipola (b. 1968) has been serving as President and CEO of SRV Group Plc since 1 September 2019.

In accordance with the written employment contract between the Company and Saku Sipola the term of notice of the President and CEO is six (6) months) In case the Company terminates the agreement, the term of notice is 12 months. There are no orders concerning termination benefit in the employment contract.

The Company is responsible for arranging statutory pension for the President and CEO. The President and CEO does not have a voluntary pension plans.

President and CEO's remuneration is described in the remuneration report for governing bodies, which can be found in the Remuneration section.

Up-to-date information about the President and CEO’s shareholdings can be found on the page Management’s shareholdings .

Corporate Executive Team

The Corporate Executive Team assists the President and CEO in operational planning, line management, and decision-making. It also prepares matters to be dealt with by the Company's Board of Directors. The Corporate Executive Team handles matters concerning business operations and operational control and development. The duties of the Group’s Corporate Executive Team are based on the Company’s management system, and the Group’s Corporate Executive Team has no authority grounded in law or the Company’s Articles of Association.

The Corporate Executive Team consists of the President and CEO as the Chair plus other members appointed by the Board of Directors. Each member of the Corporate Executive Team has his or her own area of responsibility.

The Group’s Corporate Executive Team consists of the following members: