President and CEO
The company’s CEO is in charge of the Group’s business operations and corporate governance in accordance with the law, Teleste’s Articles of Association and the instructions and regulations issued by the Board.
The detailed terms of employment of the CEO are specified in a separate contract approved by the Board of Directors. The CEO is not a member of Teleste’s Board of Directors. The CEO is assisted by the Management Group.
The company’s Board of Directors decides on the salary, remuneration and other benefits received by the CEO. The key terms of the written CEO agreement between the company and CEO Jukka Rinnevaara (CEO until 31.12.2021), the CEO’s remuneration and the CEO’s pension security are described in the remuneration report for Teleste’s governing bodies, which is published in the Investors section of the company’s website.
Teleste’s President and CEO, Jukka Rinnevaara, b. 1961, M.Sc. (Econ.), started as CEO on 1 November 2002. After Jukka Rinnevaara reached his contractual retirement age in spring 2021, he transferred the duties of CEO to his successor on 31 December 2021. Esa Harju, born 1967, M.Sc. (Eng.), was appointed the company’s new CEO effective from 1 January 2022. CEO Esa Harju’s responsibilities and role in the company and the Board of Directors are the same as his predecessor’s.
Management Group
On 31 December 2021, the Group’s Management Group consisted of seven members including the CEO, to whom the members of the Management Group report. The members of the Management Group are directors of Teleste’s business units and Group functions. The subsidiaries operate as part of the business units. Teleste’s Management Group is chaired by the CEO who reports to the Board of Directors. The Management Group has no authority under law or the Articles of Association.
The Management Group handles the main issues related to managing the company, such as matters related to strategy, budgets, interim reports and acquisitions, and prepares investments for approval by the Board of Directors. As a rule, the Management Group meets once a month and at other times when necessary.
Updated 2022
