The Board of Directors elects the company’s President and decides on the terms of the President’s employment agreement. The Audit and Remuneration Committee of the company handles and prepares matters related to the terms and remuneration of the employment agreement of the President. The terms are specified in a written contract which is approved by the Board of Directors. The President is responsible for the day-to-day management and development of the Group in accordance with the instructions and orders of the Board of Directors. The President is also responsible for keeping the Board up to date with regard to development of the company’s business and financial situation.
Tiina Alahuhta-Kasko has been the company’s President since 9 April 2015. Since 11 April 2016 her role includes also the duties of the CEO of the company, which were earlier included into a separate Service Agreement of the Full time Chairman of the Board, Mika Ihamuotila.
The members of the subsidiaries’ Boards of Directors are elected from amongst Marimekko Group’s executive management.
The company’s business operations have been divided into a number of responsibility areas, the directors of which form the company’s Management Group. The company’s President acts as the Chairman of the Management Group. The Board of Directors appoints the members of the Management Group and decides on their remuneration. The Audit and Remuneration Committee of the company handles and prepares matters related to the terms of the employment agreements and remuneration of the Management Group. The Management Group has no authority based on law or the Articles of Association.
The Management Group reviews business matters and procedures affecting the entire Group. The Management Group also reviews the operating plans of the various business areas and business development. The Management Group convenes every two weeks on average. Tiina Alahuhta-Kasko, as President, acts as the chairman of Marimekko’s Management Group. Information on the members is presented under Management Group.