Valmet's Board of Directors
Valmet’s Board of Directors consists of five to eight permanent members, which the Annual General Meeting elects for a term that lasts until the end of the next Annual General Meeting.
Pekka Vauramo
Chair of the Board
Bernd Eikens
Member of the Board
Jonas Gustavsson
Member of the Board

Annika Paasikivi
Valmet Vice Chair of the Board since 2025
Valmet Board member since 2024
Chair of the Board's Remuneration and HR Committee
Independent of the company and not independent of significant shareholders due to role as Executive Chair of the Board of Oras Invest Oy
Valmet shareholding: 1,449
born 1975
Finnish citizen
B.A.
M.Sc. (Global Politics)
Annika Paasikivi works currently as Executive Chair of the Board of Oras Invest Oy. She was the President & CEO of Oras Invest Oy from 2018 until March 2025. Before that, she served as Chief Operating Officer of Oras Invest from 2011 until 2018 and as Integration Manager of Oras Group Ltd during Oras & Hansa integration 2013–2015. Prior to joining Oras Invest, she served as Chief Operating Officer of Friitala Fashion Oy between 2009–2010 and held various positions at Varova Oy between 2003–2005.
Chair of the Board:
Oras Invest Oy 2025–
Board Member:
Georg Fischer Ltd (Publicly listed company) 2024–
Kemira Oyj (Publicly listed company), Vice Chair of the Board 2022–
Relevant past positions of trust:
Varova Oy, Board Member 2016–2024
Uponor Oyj, Vice Chair of the Board 2014–2018 and Chair of the Board 2018–2023
Oras Oy, Board Member 2012–2014, Deputy Chair of the Board 2014–2022
Directors’ Institute Finland, Board Member 2016–2019

Pekka Kemppainen
Valmet Board member since 2018
Member of the Board's Audit Committee
Independent of the company and independent of significant shareholders
Valmet shareholding: 6,535 shares
born 1954
Finnish citizen
Lic.Sc. (Tech.)
Pekka Kemppainen held several positions within KONE since 1984, including Executive Vice President, Service Business during 2010–2017, Executive Vice President & Area Director, Asia Pacific, Hong Kong during 2004–2010, and Senior Vice President, New Equipment Business during 1999–2004.
Board Member:
Bittium Oyj (Publicly listed company), 2019–
Junttan Oy (Non-listed company), 2018 –
Relevant past positions of trust:
Nestor Cables Oy, Board Member 2020, Chair of the Board 2021-2022

Monika Maurer
Valmet Board member since 2018
Member of the Board's Remuneration and HR Committee
Independent of the company and independent of significant shareholders
Valmet shareholding: 6,535 shares
born 1956
German citizen
Diploma in Physics and Chemistry, the University of Stuttgart, Germany
Diploma in Pedagogy, State University for Pedagogic, Stuttgart, Germany
Monika Maurer has worked as the Chief Executive Officer for Radio Frequency Systems (RFS) from May 2019 until September 2024. She was previously Chief Operating Officer of Nokia Group and, prior to this, Chief Operating Officer of Nokia’s Fixed Networks Business Group. Maurer held between 2006 and 2016 several positions within Alcatel-Lucent, including Chief Operating Officer, Fixed Networks Business line during 2012–2016, Vice President, Presales EMEA during 2010–2012 and President, Product Attached Services Division 2009–2010. Between 1985 and 2006, Maurer held several positions within Alcatel, among others, President, Fixed Solutions Division 2005–2006 and President, Voice Networks Division 2004.
Board Member:
Nokia Shanghai Bell, Co. Ltd. (Non-listed company), Vice Chair and member of HR and Remuneration Committee 2017–
Relevant past positions of trust:
Atos SE, Board Member 2024–2025

Annareetta Lumme-Timonen
Valmet Board member since 2024
Member of the Board's Audit Committee
Independent of the company and not independent of significant shareholders due to role as Investment Director at Solidium Oy
Valmet shareholding: 1,582
born 1967
Finnish citizen
M.Sc. (Eng.)
D.Sc. (Tech.)
Annareetta Lumme-Timonen is currently Investment Director at Solidium Oy. She is responsible for the Anora, Metso, Stora Enso, and Valmet holdings at Solidium. In addition, she manages the corporate responsibility work at Solidium. She has been working at Solidium since 2009. Previously she was working as Investment Manager at 3i Nordic plc between 2000–2007. Prior to that she was Investment Manager at SFK Finance Oy between 1997–2000.
Board Member:
Anora Group Plc (Publicly listed company) 2022–
Relevant past positions of trust:
SSAB, Board Member 2020–2021
Seed Fund Vera Ltd, Board Member 2006–2010
Naps Systems Ltd, Board Member 2000–2004
Uniglass Engineering Oy, Board Member 2000–2002
MAP Medical Technologies Oy, Board Member 1996–2002

Anu Hämäläinen
Valmet Board member since 2022
Chair of the Board's Audit Committee
Independent of the company and independent of significant shareholders
Valmet shareholding: 4,196 shares
born 1965
Finnish citizen
M.Sc. (Econ.)
Anu Hämäläinen works as the Executive Vice President, CFO in Kesko Corporation since June 1, 2024. She was Vice President, Group Finance and Treasury in Kesko Corporation during 2020–2024. Prior to this she was Vice President, Group Treasury and Financial Services and Support in Wärtsilä in 2015–2020. She was Vice President, Group Control and Director, Financial Accounting in Wärtsilä in 2008–2015.
Chair of the Board:
Vähittäiskaupan Takaus Oy (Non-listed company), 2024–
Board Member:
Kesko Pension Fund, deputy Board member (Non-listed company) 2023–
K-Tilipalvelu Oy (Non-listed company) 2021–
Relevant past positions of trust:
Finnish Fund for Industrial Cooperation Ltd. (FINNFUND), Board Member 2019–2024
Neles Corporation, Board Member 2020–2022
Outotec, Board Member 2019–2020
Fingrid Oyj, Board Member 2016–2020
Glaston Oyj, Board Member 2012–2019

Juha Pöllänen
Personnel representative since 2021
born 1968
Finnish citizen
Carpenter
Chief shop steward
Personnel representative Juha Pöllänen will participate as an invited expert in meetings of the Board of Directors. He has worked for Valmet since 1998.
Board member:
Teollisuusliitto 2023–
Valmet's definition of Board members' independence complies with the guidelines of the Helsinki Stock Exchange, the Central Chamber of Commerce and the Confederation of Finnish Industry and Employers on the governance of publicly listed companies.