Heiner Olbrich
Chairman of the Board
Catharina Stackelberg-Hammarén
Deputy Chair of the Board
Petri Castrén
Board member
Anders Holmén
Board member
Hille Korhonen
Board member
Markus Lengauer
Board member
Olli Liitola
Board member
Board's shareholdings
Find up-to-date information on the shareholdings and transactions of Harvia Plc’s Board of Directors.
Board of Directors
In accordance with the Articles of Association, Harvia’s Board of Directors consists of three to seven members. The members are elected in the Annual General Meeting for a one-year term which expires at the end of the Annual General Meeting following their election. The Board of Directors elects a Chairperson from among its members. The majority of the Board members shall be independent of the company, with at least two of these members also being independent of the major shareholders of the company. In the selection of members, attention shall be paid to the members’ mutually complementary experience and competence in the company’s business area and its development stage.
Rules of Procedure of the Board of Directors
The duties and activities of the Board of Directors are defined by the Finnish Limited Liability Companies Act, the Securities Markets Act, the regulations, guidelines, and recommendations of authorities and Nasdaq Helsinki Ltd, other applicable legislation, the Finnish Securities Market Association’s Corporate Governance Code 2025, and Harvia’s Articles of Association.
The Board of Directors has drafted written Rules of Procedure that define its key duties and operating principles. The Board of Directors approves Harvia’s strategy and supervises its implementation in a way that enables the achievement of financial objectives and maximizes shareholder value in the long term, taking into account corporate social responsibility and various stakeholders.
The duties of the Board of Directors include, among other things, approving the company’s financial statements and interim reports and monitoring the appropriateness of accounting and the company’s financial management. In addition, the Board of Directors is responsible for ensuring the proper organization of the company’s administration and operations. The Board of Directors prepares matters to be discussed at the General Meeting of shareholders, decides on convening the General Meeting, and ensures the implementation of the decisions made at the General Meeting. Furthermore, the Board of Directors decides on the rights to represent the company.
The Board of Directors assesses its operations and ways of working annually as an internal self-assessment. The self-assessment was carried out also in 2024.
Composition of the Board of Directors
The Annual General Meeting held on 8 April 2025 resolved that the Board of Directors consists of seven members. Heiner Olbrich, Catharina Stackelberg-Hammarén, Anders Holmén, Hille Korhonen, Markus Lengauer and Olli Liitola were re-elected to the Board of Directors and Petri Castrén was elected as a new member.
All members of the Board of Directors are independent of the company and its major shareholders.
Diversity of the Board
Harvia’s Shareholders’ Nomination Board takes into account the principles concerning the Board of Directors’ diversity in its work and its proposals. A person elected as a member of Harvia’s Board of Directors must have the qualifications required for the task as well as adequate availability for carrying out the duties of a Board member. When electing Board members, attention shall be paid to members’ mutually complementary experience and competence from the perspective of the company’s field of business and development stage.
Varied professional and educational backgrounds support the diversity of the Board. The goal is to promote gender equality in the selection of Board members. When electing Board members, the objective is to ensure that the Board of Directors as a whole enables efficient management of the Board’s responsibilities and supports the development of Harvia’s business.
Both genders are represented in the company’s Board of Directors. There are two women and five men among the seven Board members elected by the Annual General Meeting in April 2025.
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