The CEO is in charge of the operative management of the Company in accordance with the Finnish Companies Act, the Articles of Association as well as the instructions and orders given by the Board of Directors. The CEO is responsible for the preparation of the Board meetings and implementation of any decisions made therein. Further, the CEO is responsible for ensuring that the Company´s accounting methods comply with the applicable law and that the financial matters are being handled in a reliable manner. The CEO prepares strategy, long-term planning, investments, mergers and acquisitions, financing and makes decisions thereof to the extent that such decisions are not tasks of the Board of the Directors. The CEO is responsible for financial planning, the Company´s communications and investor relations.
The Board of Directors defines and approves the essential terms of the service of the CEO, including the CEO´s remuneration, in the form of a written agreement. The CEO´s service contract is effective until further notice and can be terminated by both the Company and the CEO with six (6) months´ written notice.
The CEO is entitled to a pension under the Contracts of Employment Act and other legislation pertaining to pensions. The Finnish employee pension system (TyEL) allows for an old-age pension based on years of service and the income accumulated during those years, including the base salary, bonuses (excluding any option rights and shares subscribed on their basis) and taxable fringe benefits. The old age pension can be taken out at one´s own discretion between the ages of 6368 (flexible retirement age).
CEO Jukka Harju Chief Executive Officer 2009 b. 1956, M.Sc. (Eng.), M.Sc. (Econ.) Positions of trust: Elektrobit Technologies Ltd. and Elektrobit Automotive GmbH, Chairman of the Board 2010. Previous work history: Elektrobit Corporation, Member of the Board 20062009. Boier Capital Ltd., Partner 20072009. Efore Oyj, Member of the Board 20072009. Incap Corporation, Member of the Board 20072010. Elektrobit Corporation, Chief Operating Officer 20052006 and Executive Vice President, Business Development 20002004. Tellabs Ltd, Managing Director 19941999. Nokia Telecommunications Ltd, Vice President, Microwave Radios 19901994 and other duties in the same organization 19811990. Holdings Dec. 31, 2014: Holds 7,650,630 shares in Elektrobit Corporation.