Corporate Governance

Board of Directors

According to F-Secure’s Articles of Association, F-Secure’s Board of Directors will consist of a minimum of three (3) and a maximum of seven (7) members. The Board of Directors is responsible for F-Secure’s strategy and overseeing and monitoring F-Secure’s business. The CEO, assisted by the Leadership Team of F-Secure, are responsible for managing F-Secure’s business and implementing its strategic and operational targets. The term of office of the members of the Board of Directors expires at the end of the first Annual General Meeting following their election.

To create openness, one member of the Board of Directors is proposed to be elected from among F-Secure personnel. An election is arranged annually for F-Secure personnel and each permanent F-Secure employee is eligible to stand as a candidate. The representatives of the Board of Directors interview three persons who have obtained the highest number of votes in the elections and choose a candidate from amongst them to be proposed for election as a member of the Board by the Annual General Meeting. As an employee of the company, the Board member elected from among F-Secure personnel does not participate in any matters that relate to, for example, leadership appointment (or dismissal), remuneration or other terms of employment or service, or industrial action, as the Board may handle from time to time.

Independence of the Board

The Board of Directors has evaluated the independence of its members of the company and of significant shareholders. All members are independent of the Company’s major shareholders with the exception of Risto Siilasmaa, who is himself a significant shareholder of the Company. All members are independent of the Company with the exception of Katja Kuusikumpu, who is an employee of the Company.

Committees of the Board of Directors

The Board of Directors may establish permanent committees to assist the Board of Directors in the preparation and performance of the Board of Directors’ duties and responsibilities and determine their sizes, compositions and tasks. In addition to permanent committees, the Board of Directors may in individual cases appoint ad hoc committees for the preparation of specific matters.

Audit Committee

The Audit Committee monitors and evaluates risk management, internal controls, IT strategy and practices, financial reporting as well as auditing. The Audit Committee also prepares a proposal for the election of an auditor to the Board of Directors and regularly considers the need for a separate internal audit function. Members of the Audit Committee must have broad business knowledge, as well as sufficient expertise and experience with respect to the committee’s area of responsibility and the mandatory tasks relating to auditing. From among its members, the Board elected Petra Teräsaho (Chair), Pertti Ervi and Cornelia Schaurecker as members of the Audit Committee.

Personnel and Nomination Committee

The Personnel and Nomination Committee prepares material and instructs with issues related to the composition and compensation of the Board of Directors and remuneration of the other members of the top management of the company. The Committee assists in the preparation of Board proposals to the shareholders related to these matters, as governed by the Finnish Limited Liability Companies Act. The Personnel and Nomination Committee is neither a decision-making nor an executive body. Personnel and Nomination Committee calls in experts to its meetings when necessary for the issues to be discussed. Materials of Committee meetings are made available for all members of the Board of Directors. The Personnel and Nomination Committee convenes at least two times a year as notified by the Chair of the Committee. From among its members, the Board elected Pertti Ervi (Chair), Alessandro Adriani and Roxana Diaconescu as members of the Personnel and Nomination Committee.

Board members

Pertti Ervi, born 1957

Chair of the Board since 2022
Chair of the Personnel and Nomination Committee since 2024
Member of the Audit Committee since 2022
Finnish citizen
Gender: Male
Main occupation: Independent management consultant and a professional board member

Background add

Key positions of trust

QPR Software Corporation, Chair of the Board of Directors since 2021
Pointsharp Holding AB, member of the Board of Directors since 2021
Efecte Corporation, Chair of the Board of Directors between 2011 and 2024. A member of the Board of Directors since 2008.
WithSecure, member of the Board of Directors between 2003 and 2023, Chair of the Board from 2004 to 2006 and
Chair of the Audit Committee from 2008 to 2022
Mintly Oy, founding member and Chair of the Board of Directors between 2017 and 2022
Teleste Corporation, member of the Board of Directors between 2009 and 2020, Chair from 2017 to 2020
Comptel Corporation, Chair of the Board of Directors between 2011 and 2017
Stonesoft Corporation, Chair of the Board of Directors between 2004 and 2007

Primary working experience

Computer 2000 AG, Co-CEO and member of the Executive Board between 1995 and 2000
Computer 2000 Finland Corporation, Co-founder and CEO between 1983 and 1995

Education

Ervi holds a Bachelor of Science degree in electronics and several management studies.

Petra Teräsaho, born 1966

Board member since 2022
Chair of the Board’s Audit Committee since 2022
Finnish citizen
Gender: Female
Main occupation: Transmeri Group, CFO

Background add

Key positions of trust

Paulig Group, member of the Board of Directors since 2020, and Chair of Audit Committee

Primary working experience

Valmet Automotive, CFO between 2023 and 2024
Enfo Group, CFO 2022
Stora Enso, Senior Vice President, Group Controller between 2016 and 2022
Outotec Group, Vice President Group Controller between 2014 and 2015
Nokia Corporation between 1993 and 2014, Several leadership roles in Finance, Marketing, Strategy & Business Development, e.g.
CFO of Nokia Mobile Phones operations in India between 2007 and 2012
Global Finance Director, Mobile Phones & Nokia Strategic Marketing between 2004-2007
Head of Developer Business Marketing, Mobile Phones between 2003-2004
Head of Business Planning of Mobile Applications unit between 2000 and 2001
Head of Value-Based Marketing (Nokia Networks) between 1999 and 2000
Accounting Manager (Network Systems) between 1996 and 1998
Nokia Group Accounting, Financial Analyst between 1993 and 1996
United Paper Mills France SA, Paris France, Controller between 1991 and 1993

Education

Teräsaho holds a Master of Science in Accounting and Finance

Rachit Mittal, born 1981

Board member since 2025
Indian citizen
Gender: Male
Main occupation: Director of Engineering, Scam Protection at F-Secure.

Background add

Key working experience

F-Secure, Senior Engineering Manager from 2023 to 2024
Lookout Inc, Senior Software Engineering Manager, from 2022 to 2023
Lookout Inc, Senior Staff Software Engineer, from 2020 to 2021
Motorola Mobility (Lenovo), Software Development Manager from 2017 to 2020
Motorola Mobility (Lenovo), Senior Staff Software Engineer from 2014 to 2017
Motorola Mobility (Google), Senior Staff Software Engineer from 2012 to 2014
Motorola Mobility, Lead Software Engineer from 2011 to 2012
Motorola Inc, Lead Software Engineer from 2010 to 2011
Motorola Inc, Senior Software Engineer from 2007 to 2010
Motorola Inc, Software Engineer from 2004 to 2007.

Education

Mittal holds a Bachelor of Engineering degree in Computer Science and Engineering.

Cornelia Schaurecker, born 1977

Board member since 2025
Member of the Audit Committee since 2025
Austrian citizen
Gender: Female
Main occupation: CEO Innotech AI Consulting (Senior Executive Advisor for Applied AI Initiative, Bain & Company and others)

Background add

Key working experience

VODAFONE Group: Global Group Director Big Data & AI, London, UK from 6/2019 to 6/2023
BMW Group: Vice President IT (CIO) EMEA Region, Munich, Germany from 7/2017 to 5/2019
VW Group: Founder & Director VW Group Data:Lab, Munich, Germany from 6/2013 to 5/2017
VW Group UK: CIO VW Group UK (all National Sales Company brands); Milton Keynes, UK from 3/2012 to 5/2013
AUDI AG: Diverse Commercial/IT-Mgt. positions Ingolstadt, Germany from 7/2000 to 2/2012:
Head of IT Internat. Sales/Own Retail, CRM, Websites from 5/2006 to 2/2012
Head of IT & Organisation Strategy, IT Governance from 1/2005 to 4/2006
Chief of Staff to Group CIO Audi/Seat/Lamborghini from 6/2002 to 12/2004
CRM & Retail Marketing: Mgt. Audi PartnerNet (Extranet) from 7/2000 to 5/2002

Education

Schaurecker’s educational background includes studies at Hanken School of Business, Johannes Kepler University and the University of Hohenheim.

Tommi Uitto, born 1969

Board member since 2024
Finnish citizen
Gender: Male
Main occupation: Nokia, President, Mobile Networks

Background add

Primary working experience

Mobile Networks, Senior Vice President, Global Product Sales, Nokia from 2015 to 2018
Nokia Networks, Senior Vice President, West Europe, Customer Operations from 2013 to 2015
Nokia Siemens Networks, Head of Global 4G/LTE Radio Access Business Line, Mobile Broadband from 2011 to 2012
Nokia Siemens Networks, Head of Product Management, Network Systems from 2009 to 2010
Nokia Siemens Networks, Head of WCDMA/HSPA and Radio Platforms Product Management from 2007 to 2008
Nokia Networks, General Manager, Radio Controller Product Management from 2005 to 2007
Nokia Networks, Director, Sales & Marketing (Lead Sales Director), France Telecom/Orange from 2002 to 2005
Nokia Networks, Operations Director, Northeast Europe, Central & Eastern Europe and Middle East from 1999 to 2002
Nokia Networks, Manager, Product Business Management and Logistics, Cellular Transmission from 1996 to 1999
Valmet Logging Americas Inc., Director, Production and Development from 1994 to 1995

Education

Uitto holds a degree of Master of Science in Industrial Management and a degree of Master of Science in Operations Management from Michigan Technological University

Alessandro Adriani, born 1971

Board member since 2025
Member of the Personnel and Nomination Committee since 2025
Italian citizen
Gender: Male
Main occupation: SVP, British Telecom

Background add

Key working experience

British Telecom, London, SVP Sales To and Through Channels / Global System Integrators and Communication Service Providers from 2020 to 2024
Deutsche Telekom, Frankfurt, MD Sd-Wan / SASE at T-Systems International, ngena from 2016 to 2020
Singapore Telecom International, Singapore, CEO at Bridge - Enterprise Managed Mobility, IoT and Roaming from 2012 to 2015
Vodafone Group, London, VP at Vodafone Sales and Services / Partner Markets - Enterprise Managed Mobility, IoT and Roaming from 2002 to 2012
Arthur D Little, Milan, Senior Consultant at Tech, ICT, Media and Entertainment Practice - M&A from 2000 to 2002
TIM International, Rome, M&A Financial Analyst from 1998 to 2000.

Education

Adriani holds MBAs from CUOA Business School and Henley Business School along with a BA in Economics from Siena University and Reading University.

Roxana Diaconescu, born 1974

Board member since 2025
Member of the Personnel and Nomination Committee since 2025
Romanian citizen
Gender: Female
Main occupation: CTO, SilverRail Technologies

Background add

Meta, Engineering Leadership from Oct. 2020 to Nov. 2021
Sysdig, Sr Director, Engineering from Jan. 2019 to April 2020
Uber, Engineering Leadership from Dec 2016 to Oct. 2018
Cloudera, Engineering Leadership from Jan. 2016 to Dec. 2016
Expedia, Engineering Leadership from Sep. 2013 to Oct 2015
Markit, VP Software Engineering from 2008 to 2013
Yahoo!, Sr Software Engineer from 2006 to 2008
Caltech (California Institute of Technology), Postdoctoral Researcher from 2004 to 2006
UCI (University of California, Irvine), Postdoctoral Researcher from 2003 to 2004
Stanford University, Visiting Researcher from Jan. 2021 to Sep. 2021.

Education

Diaconescu has a Masters degree from the University Politehnica Bucharest and a doctorate in computer science from Norwegian University of Technology and Natural Science (NTNU).