1 FISKARS Corporation

Corporate Governance Statement

orporate governance at Fiskars remuneration. The Meeting authorized matters come within the responsibilities Corporation is based on the Com- the Board to acquire Fiskars shares and of the General Meeting of Shareholders. pany’s Articles of Association, decide on conveying them in accordance The Board shall appoint the CEO and Finland’s Companies Act, and the with separately agreed conditions. confirm the terms of his employment and C rules and regulations concerning listed other compensation. The Board is also companies of NASDAQ OMX Helsinki Ltd. Extraordinary General responsible for appointing the members Fiskars also complies with the Finnish Meeting 2009 of the Corporate Management Team, Corporate Governance Code approved by Fiskars Corporation held an Extraordinary other senior managers, and the internal the Securities Market Association, which General Meeting on June 5, 2009, which audit manager, approving their terms of came into force on January 1, 2009 and approved a proposal by the Board of employment and other compensation, and can be consulted at www.cgfinland.fi. Directors concerning the combination of deciding the principles for the Group’s Ultimate decision-making power is vest- series A and series K shares, a directed compensation systems and other long- ed by Fiskars Corporation’s shareholders free share issue to the holders of series K term personnel issues. The Board also at the General Meeting of Shareholders. shares, and the amendments to the articles considers matters related to the appoint- Fiskars’ Board of Directors is responsible of association as well as the merger plan ment of the members of the Boards of for the management and proper arrange- between the Company and Agrofin Oy Ab. Directors of subsidiaries. The Board is also ment of the operations of the Company. The meeting also decided to authorize the responsible for appointing Board Commit- The Managing Director is responsible Board to acquire Company shares and tees and their members. These Commit- for the day-to-day management of the decide on conveying them in accordance tees are responsible for preparing matters Company under the instructions and with separately agreed conditions. within their specific area of competence to orders of the Board of Directors. be put before the Board. The Board shall Board of Directors evaluate its work and cooperation with General Meeting Under the Articles of Association, the management on a regular basis. An Annual General Meeting of Sharehold- Board of Directors shall consist of a ers shall be held annually before the end minimum of five and a maximum of nine Board of Directors in 2009 of June, either in Raasepori or Helsinki. members. The terms of office of all mem- The Annual General Meeting held on The Annual General Meeting decides on bers will run from their election to the end March 16, 2009 appointed nine members. matters stipulated in the Companies Act of the following Annual General Meeting. Mr. Kaj-Gustaf Bergh was appointed and the Articles of Association, such as The Board is responsible for electing Chairman of the Board and Mr. Alexander the approval of the financial statements, a Chairman from among its members. Ehrnrooth and Mr. Paul Ehrnrooth as the distribution of profits, discharging the Vice Chairmen. The other members of the members of the Board of Directors and Responsibilities and Charter Board are Mr. Ralf Böer, Ms. Ilona Ervasti- the CEO from liability, and the election of the Board Vaintola, Mr. Gustaf Gripenberg, Mr. Karl of the members of the Board of Directors Fiskars' Board of Directors is responsible Grotenfelt, Mr. Karsten Slotte, and and the Company’s Auditors and their for managing the Company in accor- Mr. Jukka Suominen. None of the mem- remuneration. dance with the law, official regulations, bers are employed by the Company. Under the Articles of Association, a no- the Articles of Association, and decisions Details of the current Board of Directors tice convening an Annual General Meeting taken by the Annual General Meeting of are presented as part of this statement must be published in at least three general Shareholders. on Page 5. newspapers selected by the Board of Under the Charter approved by the The Board of Directors convened 16 Directors. Fiskars also publishes invita- Board of Directors, the Board is respon- times during 2009. The average atten- tions on its website. sible for the management and appropriate dance at Board meetings was 90%. arrangement of the Company’s operations No members of the Board have any Annual General Meeting 2009 and for confirming the Company’s busi- affiliations with the Company. Mr. Kaj- Fiskars held its Annual General Meeting ness strategy and budget. In addition, the Gustaf Bergh, Mr. Ralf Böer, Ms. Ilona for 2009 on March 16, 2009. The Meet- Board oversees the solidity, profitability, Ervasti- Vaintola, Mr. Gustaf Gripenberg, ing approved the financial statements, and liquidity of the Company, as well as Mr. Karl Grotenfelt, Mr. Karsten Slotte, discharged the members of the Board and Company management. The Board is re- and Mr. Jukka Suominen are also inde­ the CEO from liability, and decided the sponsible for approving the risk manage- pendent of shareholders. dividend to be paid for 2008. The Meeting ment principles followed by the Company, also decided the remuneration to be paid drafting financial statements, confirming Board Committees to the Board and elected the members financial policy, and deciding on measures The Board of Directors appointed three to sit until the end of the Annual General that are exceptional or far-reaching, taking committees in 2009: an Audit Committee, Meeting in 2010. The Company’s Auditors the scope and nature of the Company’s a Compensation Committee, and a Nomi- were also decided, together with their operations into account, unless these nation Committee. 2 FISKARS Corporation

1. The Audit Committee is responsible the Company’s Articles of Association, Audit Committee meeting. In addition, for monitoring the reporting process legislation, official regulations, and the all members are reimbursed for their used for the Company’s financial state- instructions and orders of the Board. travel and other expenses incurred as ments, supervising the financial reporting The CEO is also responsible for ensuring a result of their activities on behalf of process, monitoring the efficacy of the that the Company’s accounting is in ac- the Company. Company’s internal controls, internal audit- cordance with legal requirements and In addition to his basic salary, the ing, and risk management, reviewing the that assets are managed reliably. The CEO is paid an annual bonus designed description of the main features of the in- CEO is assisted in these duties by the to provide a target bonus equivalent ternal controls and risk management asso- Corporate Management Team. to 60% of his annual salary. The bonus ciated with the financial reporting process The current President & CEO is paid is determined in accordance with provided by the Company’s administration Mr. Kari Kauniskangas. The Company the financial targets set by the Board and control system, monitoring the statu- does not have an Executive Vice Presi- of Directors. The CEO is also included tory auditing of the Company’s financial dent responsible for acting as the CEO’s in a long-term incentive scheme, which statements and consolidated financial deputy. Details of the CEO are presented corresponds to the annual bonus in size. statements, evaluating the independence as part of this statement on Page 6. The earning criteria for this are based on of the Company’s statutory Auditors and financial targets and change in the value the additional services provided by the Other executives of the Company’s share. The CEO and latter, and drafting the proposal covering Corporate Management Team the Company shall have a notice period the selection of the Company’s Auditors The management team of Fiskars Corpora- of six months. Remuneration on dismissal to the Nomination Committee. tion consists of the managers responsible by the Company shall be 12 months’ The Chairman is Mr. Gustaf Gripen- for corporate and Group-wide functions. basic salary, together with salary for the berg, and the members are Mr. Alexander Under the leadership of the CEO, the six-month notice period. The Managing Ehrnrooth, Mr. Paul Ehrnrooth, Ms. Ilona Corporate Management Team prepares Director’s agreement shall end when the Ervasti-Vaintola, and Mr. Karsten Slotte. proposals for the Board and discusses CEO reaches the age of 60. In addition to The Audit Committee convened 4 times the Group’s strategy, and issues related his statutory pension, he is provided with in 2009 and the members attended all to Group-wide and corporate functions a voluntary supplementary contribution- meetings. and their development. The Corporate based pension, similar to the one of the 2. The Compensation Committee is Management Team’s duties also include Corporate Management Team, under responsible for preparing matters related stakeholder relations. which the Company pays 20% of his to the appointment and remuneration of The details of the members of the Cor- annual salary. the President & CEO and Group directors porate Management Team are presented The salary, benefits, and bonuses of as well as issues related to the Company’s as part of this statement on Page 6. CEO Kari Kauniskangas in 2009 totaled remuneration system. €468,681.87. The Chairman is Mr. Kaj-Gustaf Bergh, Business Area Management The members of the Corporate Manage- and the members are Mr. Ralf Böer, The Presidents of Fiskars’ business areas ment Team have an annual bonus scheme, Mr. Karl Grotenfelt, and Mr. Jukka Suomi­ are responsible for the development of which is designed to generate a bonus nen. The Compensation Committee con- their business areas and for ensuring that equivalent to 20–40% of their annual vened 4 times in 2009 and the members their businesses comply with the require- salary. Earning criteria are primarily tied attended all meetings. ments of local laws and regulations and to financial targets and secondarily to per- 3. The Nomination Committee is respon- Fiskars’ Code of Conduct principles. They sonal targets. In addition, key members of sible for preparing proposals related to the are also responsible for ensuring that the personnel selected annually by the Board composition of the Board for the General subsidiaries associated with their busi- of Directors are included in a long-term Meeting of Shareholders after consulting nesses have the appropriate resources incentive scheme, with earning criteria major shareholders, preparing proposals needed for their business. based on financial targets and change regarding the remuneration of Board mem- The Presidents of Fiskars’ business in the value of the Company’s share. The bers and the proposal on the selection areas and the Corporate Management Board of Directors is responsible for de- of the Company’s Auditors based on the Team form together the Executive Team ciding the earning criteria for both incen- proposal of the Audit Committee, prepar- of the Company. tive schemes annually. The members of ing proposals regarding the composition Details on the Presidents and their areas the Group’s Corporate Management Team of the Board’s committees and confirming of responsibility are presented as part of also have voluntary, contribution-based the criteria and processes to be used for this statement on Page 6. additional pension insurance. evaluating the Board’s work. In 2009, the salaries, benefits, and The Chairman is Mr. Kaj-Gustaf Bergh, Remuneration bonuses paid to the members of the and the members are Mr. Alexander The Annual General Meeting deter- Corporate Management Team totaled Ehrnrooth and Mr. Paul Ehrnrooth. The mines the remuneration of the Board of €764,541.83. Nomination Committee convened 3 times Directors. In 2009, the Annual General Fiskars Corporation has no share in 2009 and the members attended all Meeting decided to keep remuneration option programs in use. meetings. unchanged, with the Chairman of the Board paid €65,000 per annum, the Vice Internal Control, Managing Director Chairman €50,000 per annum, and mem- Risk Management, The Board of Directors is responsible for bers €35,000 per annum. In addition, the and Internal Audit appointing and dismissing, if appropri- Annual General Meeting determined that The Board of Directors is responsible for ate, the Managing Director, who also acts Board members will be paid a fee of €550 the appropriate management and organi- as the Group’s Chief Executive Officer. per Board and Committee meeting, the zation of operations. In practice, it is the The CEO is responsible for running the Chairman of the Board €1,100 per Board responsibility of the CEO, together with Group’s operations and is in charge of and Committee meeting, and the Chair- management, to put in place and admin- its administration in accordance with man of the Audit Committee €1,100 per ister accounting and control mechanisms 3 FISKARS Corporation

and other similar mechanisms. Communications Management The Group’s financial performance is Fiskars’ aim is to provide all market Setting and monitoring financial targets reviewed monthly through a reporting sys- parties with accurate, up-to-date, and represent an integral part of Fiskars’ tem that covers all units and operations. sufficient information on the Company. management responsibilities. Short-term Business areas are run by and through Details on the Company’s administration financial targets are set as part of the their own management teams. With the and control system can be consulted at annual planning cycle, and progress in support of the Corporation, business the Company’s website, where stock ex- achieving these targets is monitored on areas are responsible for the day-to-day change releases are published immedi- a monthly basis. Business units report risk management associated with busi- ately after they are announced, and other actual financial data monthly and file ness operations. key investor material is also available. a projection of how financial performance Risk Management is responsible for is expected to develop over the remain- identifying, evaluating, and managing der of the reporting period. risks that may threaten the achievement The main features Information from business units is of Fiskars’ business goals. The targets of the internal consolidated and validated by the and principles used in risk management, Group’s financial organization and the together with the major risks and uncer- control and data used to prepare a monthly report tainties facing Fiskars, are presented for senior management. Monthly reports in this statement on Page 4. risk management contain condensed income statements Internal Audit is responsible for auditing systems related for Fiskars’ operational segments and and reviewing how well internal control business areas, key indicators, and an systems function, the appropriateness to the financial overview of the major events affecting and efficacy of functions, and how well reporting process their businesses. Reports also include a guidelines are observed. Internal Audit consolidated income statement, balance also strives to promote the development of The financial reporting process refers to sheet data, cash flows, and a projection risk management practices in the Group’s activities that generate financial informa- of the likely development of the financial business units. The Parent Company has tion used in managing the Company and situation covering the remainder of the an internal auditor manager, who is admin- the financial information published in reporting period. The Group’s Board of istratively subordinate to the President & accordance with the requirements of leg- Directors, Corporate Management Team, CEO, but reports to the Audit Committee. islation, standards, and other regulations and business area management teams covering the Company’s operations. monitor the development of the financial Insider administration situation and progress on targets on Fiskars applies the insider regulations of Internal control related to a monthly basis. NASDAQ OMX Helsinki that came into the financial reporting process force on October 9, 2009. In addition, the The role of internal control is to ensure Financial IT systems Company has its own insider regulations that the Company’s management has Business units make use of a number that were last updated on November 3, access to up-to-date, sufficient, and of different accounting and financial 2009. The Company’s Public Insiders essentially accurate information needed reporting software systems. Group-level include the members of the Board, the for managing the Company and that the financial reporting is handled through President & CEO, and the Company’s financial reports published by the Com- one, centrally managed system. Business Auditors. Other Public Insiders include the pany provide an essentially accurate units and business areas are respon- members of the Corporate Management view of the Company’s financial position. sible for providing data for the Group’s Team and business area presidents. reporting system. The Group’s financial Fiskars has also a company-specific Structure management is responsible for maintain- insider register as well as a separate Fiskars has four operational segments ing the Group’s reporting system and project-based register which is kept for and four business areas. The business for monitoring that agreed data is fed projects that, on completion, may have units that operate under the Group’s four into the system. an impact on the Company’s share value. business areas comprise the base level Fiskars Corporation’s Legal Department of financial reporting. Business units Guidelines maintains lists of insiders on the basis of are responsible for organizing their own Financial reporting is governed by a set information they provide. The holdings of financial management and for the accu- of common principles. The Group applies Public Insiders can be consulted at Euro­ racy of their financial reporting. Finance the international IFRS accounting stan- clear Finland Ltd. (Urho Kekkosen katu 5 and financial risk management are cen- dards approved within the EU and has C, 00100 Helsinki, tel. +358 20 770 6000) tralized in the Group Treasury function a common Group list of accounts. The and the Company’s website. under the Chief Financial Officer (CFO). Group’s financial management has drawn All business areas have their own up guidelines for units covering the con- Audit financial management. The Parent tent of financial reporting and the dates The Company’s Auditor is KPMG Oy Ab, Company also has a Group-level within which reporting must take place. Authorized Public Accountants, with financial management organization Mr. Mauri Palvi, APA, as auditor with that operates under the leadership of Risk management related to main responsibility. the CFO. The financial management the financial reporting process A total of €0.8 million was paid in fees of business areas and the Group as The task of risk management is to identify to the auditors employed by Group com- a whole are responsible for monitoring potential threats affecting the financial panies in 2009. The Auditor was also paid the operations of the finance depart- reporting process that, if they were to €0.2 million for non-audit services. The ments of individual business units. become reality, could lead to a situation latter fees were related to the combination Internal Audit also audits and monitors in which management lacked up-to-date, of the Company’s share series, tax mat- the efficacy of the reporting process sufficient, and essentially accurate infor- ters, and other matters. and the reliability of financial reporting. mation needed to manage the company 4 FISKARS Corporation

and in which financial reports published insurance, are managed centrally by Innovation by the company did not provide an Group Treasury. The growth of Fiskars’ business depends essentially accurate picture of the Group Treasury administers financial to a significant extent on its ability to gen- Company’s financial position. risks in accordance with principles erate and commercialize a stream of new Fiskars manages the risks associated approved by the Board of Directors. products and product enhancements that with its financial reporting process by a A description of how financial risks are meet consumer expectations. The ability number of means including the following: managed is included as part of the Finan- to combine design and innovation with maintaining and resourcing an appropri- cial Statements in the Annual Report. technical R&D capabilities forms a solid ate financial management organization, basis for rolling out products successfully limiting the rights and responsibilities Principal uncertainties in a timely manner. of individual members of staff appropri- Customer relationships ately, managing the user rights that give and distribution Brands and corporate reputation access to the Group’s reporting system Fiskars produces and sells consumer Fiskars has a number of global and local centrally, issuing guidelines on account- products; therefore general market condi- brands in its portfolio. Any adverse event ing and reporting, maintaining a common tions and a decline in consumer demand affecting consumer confidence or con- Group list of accounts, making effec- in key market areas in Europe and North tinuity of supply affecting these brands tive use of IT tools, providing ongoing America could have a material adverse could have a detrimental impact on its training for personnel, and validating the effect on the Corporation’s net sales and business. Fiskars monitors the perfor- accuracy of information that is reported profitability. mance of its leading brands closely, and as part of the reporting process. Fiskars’ products are sold through its is committed to taking appropriate action sales force, agents, and distributors to to mitigate any threat to brand value. Developing the financial wholesalers, retailers, and directly to con- reporting process sumers through its stores. Sales to large Weather and seasonal Fiskars develops all aspects of its opera- individual customers are significant in dependence tions on an ongoing basis. A project some businesses. As some major custom- Some product groups, particularly garden to streamline the financial reporting ers decide their product range and suppli- tools during the spring, can be affected process is now under way that will stan- ers only once annually, the loss of a small by the weather. Unexpected weather dardize and update various stages of the number of major customers or disruption conditions can have a negative impact process and strengthen internal controls. in the activities of a specialized distribu- on sales of these products. Sales of tion channel could have an adverse effect homeware products are heavily geared Risk management on Fiskars’ business and profits. None of towards the last quarter of the year, and Fiskars’ customers accounted for more any negative issues related to product Fiskars’ risk management function is than 10% of sales in 2009. availability or demand during this quarter responsible for identifying, evaluating, could affect the full-year result of this and managing risks that may threaten Supply chain business significantly. the achievement of the company’s busi- Fiskars is making increasing use of ness goals. The aim is to secure person- outsourcing and working with a grow- Environment nel, assets, and products intended for ing number of contract manufacturers Most of Fiskars’ industrial operations customers and protect the company’s and partners. The proportion of in-house involve no significant environmental risks. reputation, brands, and shareholder production has declined, and the depen- Production facilities have up-to-date value from developments or damage that dency on the supply chain increased. environmental permits that set clear limits may undermine the company’s profitabil- Supply chain management has become on their operations. Changes in environ­ ity or adversely affect its assets. a management and availability risk, as mental directives can affect existing The principles observed in risk a considerable proportion of sales in environmental permits. Adapting to such management are included in the risk respect of some products is of a seasonal directives may require changes in exist- management policy approved by the nature and an increasing proportion of ing production methods or investments Board of Directors. The latter’s Audit total corporate purchases will be made in in new equipment. Changes in production Committee oversees the efficacy of risk countries distant from the company’s main capacity or structure at some older management systems. Responsibility for operations. Risk management associated facilities may result in additional costs identifying, evaluating, and also manag- with outsourced production and ensuring as environmental requirements change. ing a large proportion of Fiskars’ risks is product availability is being developed delegated to business units and support on a continuous basis. Pensions and similar obligations functions. Group Treasury is responsible Movements in equity markets, interest for developing and maintaining the Price and supply of raw materials rates, and the life expectancy of partici- methods, tools, and reporting associated and commodities contracts pants in some pension plans could affect with risk management. In addition, it Fiskars products are manufactured from the pension liabilities reported by the carries out risk assessments together a wide range of materials, primarily steel, company. These liabilities are regarded with business units and support func- aluminum, and plastic. Sudden fluctua- as small, however, and the risk consid- tions and assists in the preparation of tions in raw material and energy prices ered immaterial. action plans based on the results of can have an impact on the company’s these assessments. operational result. Fiskars employs long- Associated company Fiskars has taken out extensive insur- term contracts with its raw material suppli- Fiskars has a substantial investment ance for corporate companies to provide ers to minimize this; and production in an associated company, Wärtsilä cover for the Group’s main assets, pos- plants in Finland that use large amounts Corporation. Major changes in Wärtsilä’s sible business interruption, transporta- of electricity employ collective purchasing share price, profitability, or ability to tion, and liabilities. Insurance matters, to hedge their operations against fluctua- pay a dividend would have a material with the exception of local personal tions in electricity prices. impact on Fiskars. 5 FISKARS Corporation

Board of Directors

Kaj-Gustaf Bergh (1955) Ilona Ervasti-Vaintola (1951) Karsten Slotte (1953) Chairman, elected to the Board in 2005. Elected to the Board in 2004. LL.M. Group Elected to the Board in 2008. B.Sc. B.Sc., LL.M. Managing Director of Chief Counsel of Sampo Group, Principal (Econ.). President and CEO of Fazer Föreningen Konstsamfundet r.f. 2006–. Attorney and Member of the Group Group 2007–. Skandinaviska Enskilda Banken, Executive Committee 2001–. Cloetta Fazer AB (publ.), President Member of management 2000–2001; SEB Mandatum Bank plc, Chief Counsel and 2002–2006; Cloetta Fazer Konfektyr AB, Asset Management, Director 1998–2000; Board Member 1998–2001; Mandatum & Managing Director 2000–2002; Fazer Ane Gyllenberg Ab, Chief executive officer Co Ltd, Director, Partner 1992–1998. Confectionery, Managing Director 1986–1998. Member of the Board of Fortum 1997–2000. Chairman of the Board of Finaref Group Corporation and Finnish Literature Society. Member of the Board of Onninen Oy, Ab and KSF Media Holding Ab. Member Chairman of the Legal Committee at the Varma Mutual Pension Insurance of the Board of Stockmann Oyj Abp, Central Chamber of Commerce of Finland. Company, and Finnish-Swedish Chamber Ramirent Group, Julius Tallberg Oy Ab Independent of the company and of Commerce. and Wärtsilä Corporation. significant shareholders. Independent of the company and Independent of the company and significant shareholders. significant shareholders. Gustaf Gripenberg (1952) Elected to the Board in 1986. D. (Eng.). Jukka Suominen (1947) Alexander Ehrnrooth (1974) Professor, Helsinki University of Elected to the Board in 2008. M.Sc. (Eng.), Vice Chairman, elected to the Board Technology. B.Sc. (Econ.). in 2000. M.Sc. (Econ.), MBA. CEO of Primary working experience in Group CEO of Silja Oyj Abp 1995–2000. Virala Ltd. 1995–. the Helsinki University of Technology Member of the Board of Huhtamäki Oyj Chairman of the Board of Turvatiimi and University of Helsinki. and Arctia Shipping Ltd, Chairman of Corporation. Independent of the company and the Board of Rederi AB Eckerö and Independent of the company and significant shareholders. Merivaara Oy. dependent on significant shareholders. Independent of the company and Karl Grotenfelt (1944) significant shareholders. Paul Ehrnrooth (1965) Elected to the Board in 2005. LL.M. Vice Chairman, elected to the Board Chairman of the Board in Famigro Oy. in 2000. M.Sc. (Econ.). Managing A. Ahlström Oy, lawyer, General Director & Chairman of the Board of Counsel, Administrative Director of Paper Turret Oy Ab 2005–. Industry, member of the Executive Board Chairman of the Board of Savox Ltd. with responsibility for the Paper Industry, and Finance Link Ltd. 1970–1986. Independent of the company and Member of the Board of UPM-Kymmene dependent on significant shareholders. Corporation and Ahlström Capital Limited. Independent of the company and Ralf R. Böer (1948) significant shareholders. Details as of December 31, 2009. Elected to the Board in 2007. Juris Doctor. Chairman, CEO and Partner in Foley & Lardner LLP 2002–. Foley & Lardner LLP since 1974, Partner since 1981. Member of the Board of Directors of Plexus Corp. Independent of the company and significant shareholders. 6 FISKARS Corporation

Corporate Management Team

Kari Kauniskangas (1962) Teemu Kangas-Kärki (1966) Hille Korhonen (1961) President and CEO, employed 2008. Chief Financial Officer (CFO), Vice President, Operations, M.Sc. (Econ.). employed 2008. M.Sc. (Econ.). employed 2007. Lic. Tech. Amer Sports Corporation, Head of Alma Media Corporation, CFO 2003– Iittala Group, Group Director, Winter & Outdoor division 2007, SVP, 2008; Kesko Group, Vice President, Operations 2003–2007; Nokia Sales & Distribution 2004–2007; Amer Corporate Controller 2002–2003, Corporation, management duties Sports Europe GmbH, President & GM Corporate Business Controller 2000–2001; for logistics 1996–2003. 1999–2004. Suomen Nestlé Oy, Finance Director Member of the Board of Lassila & Member of the Board of Wärtsilä 1999–2000. Tikanoja plc, Nokian Tyres Plc and Corporation. Mint of Finland Ltd. Jutta Karlsson (1963) Max Alfthan (1961) General Counsel, employed 2006. LL.M. Chief Strategy Officer (CSO), LMR Attorneys-at-law, Legal Counsel employed 2008. M.Sc. (Econ.). 2004–2006; Council of the Baltic Sea Amer Sports Corporation, SVP States (Stockholm), Legal Advisor Communications 2001–2008; Lowe & 2002–2004. Details as of December 31, 2009. Partners, Managing Director 1998–2001; Oy Sinebrychoff Ab, Marketing Director 1989–1998. Member of the Board of Suomen Lähikauppa Oy and Nokian Panimo Oy.

Business Area Management

Jaakko Autere (1963) Tomas Landers (1977) Paul Tonnesen (1964) President, Home, Vice President, Real Estate, President, Garden & SOC, Americas, employed 2010. employed 2008. employed 2007. M.Sc. (Econ.). M.Sc. (Forestry). MBA, B.Sc. (Marketing).

Thomas Enckell (1963) Jason R. Landmark (1967) President, Garden, EMEA, President, Outdoor, Americas, employed 2007. employed 2001. M.Sc. (Econ.). B.Sc.

Lars Gullikson (1963) Juha Lehtola (1966) President, Outdoor, EMEA, President, Boats, employed 2006. employed 2009. B.Sc. (Econ.). M.Sc. (Econ.). Composition as of January 1, 2010.