Board members

Veli-Matti Reinikkala
Veli-Matti Reinikkala

Board member and Chairman of the Board since 2017. Chairman of the Remuneration Committee and M&A Committee.
Born 1957, Finnish citizen, Executive Master of Business Administration
Deemed independent of the Company and its major shareholders.

Primary work experience:
President Europe, Member of Group Executive Committee, ABB Switzerland 2015; President of Process Automation division, Member of the Group Executive Committee, ABB Ltd. Switzerland 2006-2014; Head of Business Area Process Automation, ABB Ltd. Switzerland 2005; Local Division Manager, Automation Technologies Division, ABB (China) Ltd., Member of Global Automation Technologies Division Management Team 2003–2004; Business Area Manager for Drives & Power Electronics, ABB Automation Management Ltd., Switzerland 2002–2003; various positions at ABB, 1994-2001.

Current positions of trust:
Board member: UPM-Kymmene Corporation, Fortum Corporation

Cramo shares on 31 Dec 2018:
6,000 (31 Dec 2017: 6,000)

Christian Bubenheim
Christian Bubenheim

Board member since 2019. Member of the Audit Committee.
Born 1965, US and German citizen
Diploma in Economics and Engineering from University of Applied Sciences in Munich, Germany
Deemed independent of the Company and its major shareholders.

Primary work experience:
CEO, Internetstores GmbH Stuttgart, Berlin, Lyon, Stockholm 2018; SVP Scout24 & GM AutoScout24 GmbH, Munich, Berlin 2015-2017; Division GM Consumables & Prime, Amazon Germany, Luxembourg 2008-2014; VP & GM Magellan GPS, Los Angeles, CA, 2002-2008; GM Intel Mobile & VP Xircom, Los Angeles, CA 2000-2002; GM Mobile Compaq Computer, Houston, TX, 1997-2000; Sr. Manager Apple, Munich, Cupertino, CA, 1991-1997

Current positions of trust:
Board member: Dunlop Protective Footwear (Raalte, NL) and KfzTeile24 (Berlin, DE)
Startup mentor and investor Munich, Berlin, Barcelona

Cramo shares on 31 Dec 2018:

AnnaCarin Grandin
AnnaCarin Grandin

Board member since 2018. Member of the Audit Committee.
Born 1967, Swedish citizen, B.Sc. (Business Administration), Stockholm University and Gävle/Sandvik University College. Member of the Audit Committee.
Deemed independent of the Company and its major shareholders.

Primary work experience:
CEO, Sweden, Coor Service Management 2016-present; Executive Vice President, Coor Service Management  2014-2016; Senior Account Manager, Statoil, Coor Service Management 2014; CEO, Norway AS, Coor Service Management 2011-2014; Business Unit President, Coor Service Management Sverige AB 2004-2010.

Cramo shares 31.12.2018:
0 (31.12.2017: -)

Peter Nilsson
Peter Nilsson

Board member since 2015. Member of the Remuneration Committee.
Born 1962, Swedish citizen, M.Sc. (Econ.)
Deemed independent of the Company and its major shareholders.

Primary work experience:
President and CEO, Sanitec Corporation 2010–2015; CEO, Duni AB 2004–2007; various Senior Management positions, Swedish Match Group 1987–2003.
Current positions of trust:
Board Chairman: NKB 129 APS, Poleved Advisory, Poleved Industrial Performance AB, Eton Ab, Eton Group Ab, Earl Holding III Ab, Lindab International Ab, CHEP Aerospace Solutions, IVC Acquisition TopCo Limited,
Board member: Team Tråd & Galler Holding AB, JH Tidbecks AB, Signtronic Produktion AB, Kylpanel i Nassjö AB, Navibus AB, Wermer Fövaltning AB, Unilode Aviation Solutions International AG

Cramo shares on 31 Dec 2018:
1,916 (31 Dec 2017: 1,916)

Joakim Rubin
Joakim Rubin

Board member since 2015. Chairman of the Audit Committee. Member of the M&A Committee.
Born 1960, Swedish citizen, M.Sc. (Industrial Engineering and Management)
Deemed independent of the Company, but not independent of a major shareholder.

Primary work experience:
Founding Partner, Zeres Capital Partners AB; Senior Partner, CapMan Group 2008-2015; several positions i.e. Head of Corporate Finance and Debt Capital Markets, Handelsbanken Capital Markets 1995 – 2008.
Current positions of trust:
Board member: ÅF AB, Capio AB, Hoist AB

Cramo shares on 31 Dec 2018:
1,916 (31 Dec 2017: 1,916)

Raimo Seppänen
Raimo Seppänen

Board member since 2014. Member of the Remuneration Committee.
Born 1956, Finnish citizen, Civil Engineer
Head of Housing Repairs, YIT Construction Ltd., Apartment Houses Metropolitan Area -unit (since 2006)
Deemed independent of the Company, but not independent of a major shareholder.

Primary work experience: Specialist (Structural technology), The Helsinki Housing Production Bureau (ATT), 2000-2006; General Site Manager, Head of Site Management for renovation and residential construction, Haka, Skanska, 1987-2000.
Current positions of trust:
Board Chairman: Rakennusmestarien Säätiö

Cramo shares on 31 Dec 2018:
1,916 (31 Dec 2017: 1,916)

Andrew P. Studdert
Andrew P. Studdert

Board member since 2019. Member of the M&A Committee.
Born 1956, USA citizen
BA, San Francisco State University, San Francisco, CA
Deemed independent of the Company and its major shareholders.

Primary work experience:
CEO, NES Rentals, Chicago, IL, USA 2004-2017; Various Executive Positions, UAL/United Airlines, Chicago, IL, USA 1995-2002: COO, 1999-2002; SVP, Fleet Operations, 1997-1999; CIO, Technology Division, 1995-1997; Various Executive Positions, First Interstate Bancorp, Los Angeles, CA, USA 1984-1994

Current positions of trust:
Board member: IPAF (International Powered Access Federation)

Cramo shares on 31 Dec 2018:

Corporate governance statements

Corporate governance

The corporate governance at Cramo is based on Finnish law and the Company’s Articles of Association. The Group complies with the rules of Nasdaq Helsinki Ltd and the Finnish Corporate Governance Code 2015 published by the Securities Market Association. The Corporate Governance Code is available on the Securities Market Association’s website:  http://cgfinland.fi/en/. Cramo does not deviate from the Finnish Corporate Governance Code Recommendations.

The Group’s headquarters are in Vantaa, Finland and the Company is listed on the Nasdaq Helsinki Ltd.

Cramo prepares annual financial statements and interim reports conforming to Finnish law and International Financial Reporting Standards (IFRS). Statements and reports are published in Finnish and English.

Overview of Corporate Governance Components at Cramo Group

The Group’s control and management responsibilities are divided among the General Meeting of Shareholders, the Board of Directors with its two committees, and the President and CEO, the Group management team, managing directors of subsidiaries, and the General Management Meeting. The Board of Directors supervises the performance of the Company, its management and organisation on behalf of shareholders. The Board of Directors and the Group management team are separate bodies, and no one serves as a member of both.