Annual Report 2015

5 President and CEO and other management

The President and CEO is responsible for the Group’s operative management in accordance with the Limited Liability Companies Act and the instructions and directions issued by the Board of Directors. The President and CEO is appointed and, if necessary, dismissed by the Board of Directors, which also determines the terms and conditions of the President and CEO’s employment relationship.

Heikki Malinen, M.Sc.(Econ.), MBA, has served as President and CEO of Posti Group Corporation since December 11, 2012.

Posti Group Executive Board assists the President and CEO in business control and development and coordinates Group management. It also handles and prepares matters to be discussed in the Board of Directors. The most important matters discussed in the Executive Board are the Group’s strategy and annual planning, financial and sales planning and follow-up, business combinations, and other business-related investments. Executive Board is not a decision-making body but the matters handled and recommended by it are discussed in Posti Group Corporation’s Board of Directors or implemented with CEO authorization.

The duties of the Management Board are connected with the management, development and follow-up of Group-wide functions, and internal services. The Management Board is not a decision-making body but the matters handled and recommended by it are discussed in Posti Group Corporation’s Board of Directors or implemented with CEO authorization.

The management’s résumés are available at www.posti.com/management.