Corporate governance

Board of Directors

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.

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. The following members of the Board of Directors of F-Secure form the Audit Committee: Petra Teräsaho as the Chairman and Pertti Ervi and Risto Siilasmaa as members.

Board members

Pertti Ervi, born 1957

Chairman of the Board since 2022
Member of the Board’s Audit Committee since 2022
Finnish citizen
Main occupation: Independent management consultant and a professional board member

Background add

Key positions of trust

  • WithSecure, member of the Board of Directors since 2003

  • Pointsharp Holding AB, member of the Board of Directors since 2021

  • QPR Software Corporation, Chairman of the Board of Directors since 2021

  • Efecte Corporation, Chairman of the Board of Directors of 2011 (a member of the Board of Directors since 2008)

  • Mintly Oy, Chairman of the Board of Directors between 2017 and 2022

  • Teleste Corporation, member of the Board of Directors between 2009 and 2020 (Chairman: 2017 – 2020)

  • Comptel Corporation, Chairman of the Board of Directors between 2011 and 2017

  • Stonesoft Corporation, Chairman 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 Managing Director of between 1983 and 1995

Education

Mr. Ervi holds a Bachelor of Science degree in electronics

Thomas Jul, born 1967

Board member since 2022
Danish citizen
Main occupation: CEO of Inpay

Background add

Primary working experience

  • MATTA Holding, Co-founder and CEO between 2019 and 2021

  • Nets Group, CEO and Country Director in Denmark between 2017 and 2019

  • Ericsson, President and CEO of PT Ericsson Indonesia between 2014 and 2017, as the Head of the Customer Unit in Central Europe between 2012 and 2014 and as the President of Ericsson Austria GmbH between 2012 and 2013

  • Nokia Siemens Networks, Head of West Europe between 2011 and 2012, CEO of the Danish Branch between 2007 and 2010 and Head of Nordics between 2006 and 2009

  • Deutsche Telekom, Head of the Global Customer Business Team between 2009 and 2011

Education

Mr. Jul holds a Master of Science degree in Computer Software Engineering

Petra Teräsaho, born 1966

Board member since 2022
Chairperson of the Board’s Audit Committee since 2022
Finnish citizen
Main occupation: CFO at ENFO Group

Background add

Key positions of trust

Paulig Ab, member of the Board of Directors since 2020, and Chairman of Paulig Ab’s Audit Committee

Key working experience

  • Stora Enso, Group Controller (Senior Vice President) between 2016 and April 2022

  • Outotec Group, (Vice President) Group Controller between 2014 and 2015

  • Nokia Corporation, Head of Finance in Global Marketing between 2012 and 2014, CFO of Nokia Mobile Phones operations in India between 2007 and 2012.

Nokia Networks, Head of Business Planning of Mobile Applications unit between 2000 and 2001, Head of Value-Based Marketing between 1999 and 2001

Education

Mrs. Teräsaho holds a Master of Science in Accounting and Finance

Risto Siilasmaa, born 1966

Board member since 2022
Member of the Board’s Audit Committee since 2022
Finnish citizen


Background add

Key positions of trust

  • WithSecure, Chairman of the Board of Directors since 2006 (member of the Board of Directors since 1988)

  • Quanscient Oy, member of the Board of Directors since 2022

  • CybExer Technologies, member of the Board of Directors since 2022

  • Pixieray Oy, member of the Board of Directors since 2021

  • Ministry of Finance’s Technology Advisory Board, chairman since 2020

  • Global Advisory Board of Yonsei University School of Business, member of the since 2020

  • Komatsu International Advisory Board, member since 2020

  • International Advisory Board of IESE, member since 2019

  • Futurice Corporation, member of the Board of Directors since 2018

  • Member of the EU High Representative for foreign affairs and security policy since 2018

  • First Fellow Partners, Founding Partner and the Chairman of the Board of Directors since 2016

  • Federation of Finnish Technology Industries, Chairman of the Board of Directors between 2016 and 2018, Vice-Chairman of the Board of Directors between 2013 and 2015 (a member of the Board of Directors between 2007 and 2019)

  • Nokia Corporation member of the Board of between 2008 and 2020 (Chairman: 2012 – 2020)

Key working experience

  • Nokia Corporation, interim CEO at between 2013 and 2014

  • F-Secure and WithSecure, Founder and CEO of WithSecure between 1988 and 2006

Education

Mr. Siilasmaa holds a Master of Science degree in engineering and is a Finnish citizen.

Madeleine Lassoued, born 1990

Board member since 2022
Swedish citizen
Main occupation: Head of Marketing at Volvo Car Mobility

Background add

Key positions of trust

NEWS Group AB, member of the Board of Directors since 2021

Primary working experience

  • Coupleness, Growth and Marketing Advisor since 2021

  • Plansmaid, Co-founder

  • Bisnode, Head of Digital Marketing (2017 – 2019) and as a Digital Marketing Team Leader (2016 – 2017)

  • BannerFlow, Aevy and HappyNation Barcelona, various positions

Education

Ms. Lassoued holds a Master of Business Administration degree in International Economics and a Bachelor of Business Administration degree in International Marketing

Calvin Gan, born 1988

Board member since 2022
Malaysian citizen
Main occupation: F-Secure, Senior Manager

Background add

Key working experience

  • F-Secure, Manager between 2017 and 2020,

  • F-Secure, Security Vulnerability Expert between 2014 and 2017

  • F-Secure, Team Lead between 2013 and 2014

  • F-Secure, Malware Analyst between 2010 and 2013

Education

Mr. Gan holds a Bachelor of Science degree in Computing, Cyber Security