Board of Directors

Arto Räty is an experienced leader. For close to six years, he was a member of Fortum’s Executive Management Team; leading the publicly listed company’s Public Affairs, Communications, Brand, Sustainability and Security.

Today a Board professional and Advisor. Arto Räty is the Chairperson of the Board of East Railways Oy (Itärata Oy) and Auris Energy, Board Member Etelä-Savon Energia, Outokummun Energia and member of Infrastructure Senior Advisory Panel Aberdeen

 Private Equity Fund (Europe). He is also a Senior Advisor at Miltton and at Strategy Worldwide (UK).

He has built career in the military (LTG) with also nine years of service in the Ministry of Defence. The last five years he has served in the Defence sector as the Permanent Secretary of the Ministry of Defence and the Chairperson of the National Security Committee.

Arto Räty owns via its controlling company a total of 4,999,998 Shares in the Company.

Independent of the Company and independent of the major shareholders.

Jussi Mälkiä is the founder of Meriaura Oy. Jussi Mälkiä has extensive experience in various fields of logistics and maritime, first as a sea captain and later as a director and expert. He is the CEO of Meriaura Invest Oy and 4Chairman of the Board at Meriaura Invest Oy, Varustamosäätiö and Skogby Strand Ab.

Additionally, Jussi Mälkiä acts as the Board member at Aura Mare Oy, Malkia Oy, Uudenkaupungin Kiertotalouskiinteistöt Oy, VG-EcoFuel Oy, Biolinja Oy Uusikaupunki VG-Port Oy and Gaiamare Oy.

Jussi Mälkiä owns, directly, via its controlling companies and via related parties, a total of 289,293,527 Shares in the Company.

Dependent of the Company and and independent of the major shareholders.

Erja Sankari is an accomplished executive with a strong background in global supply chain management and operations. She currently holds the position of Executive Vice President and Chief Operating Officer at iLOQ. Before joining iLOQ, she served as the Vice President of Global Supply Chain at Nokia. Additionally, Sankari is actively involved in various leadership roles. Currently she acts as the Board member at Nurminen Logistics Oyj, Partnera Oyj, Proventia Oy, Eltel Group AB and Strategic Advisory Board of University of Oulu. Previously she has acted as the board member of the Leden Group Oy.

Erja Sankari does not own shares in the Company.

Independent of the Company and independent of the major shareholders.

Sirpa-Helena Sormunen is a seasoned legal professional with extensive experience in compliance and corporate governance. She has held prominent positions such as the General Counsel and Executive Team Member at Fortum, General Counsel and Executive Team Member at Patria and General Counsel and Chief Compliance Officer at Uniper SE.

Currently, she serves as the Chairperson of the Board of Directors at Gasum Oyj and until 16 April 2025 also as the Board member at Enersense. Between 2012-2024 she has acted as a board member of Nammo AS. Her career is marked by a strong focus on legal compliance, and corporate governance.

Sirpa-Helena Sormunen does not own shares in the Company.

Independent of the Company and independent of the major shareholders.

Antti Vehviläinen works as a Senior Advisor on logistics in JEITO. He acted as Director General of Finnish Transport Agency from 2013 until his retirement in 2018 being responsible for all transport infrastructure (road/rail/maritime) in Finland. Before that, in 1987-2012 he was responsible for the global supply chain of StoraEnso Plc, multinational forest products company. Vehviläinen held administrative and marketing management positions both in Finnish and international shipping companies in 1978-1986, e.g. in Brazil and Germany.

He has been a board member in several Finnish and international companies, as well as in international logistics organisations. He is member of the Board in Meriaura Oy.

Antti Vehviläinen owns 183,004 shares in the Company.

Independent of the Company and independent of the major shareholders.