The duties of the President and CEO of Sanoma are governed primarily by the Finnish Companies Act. The President and CEO assumes independent responsibility for the Group’s daily operations, in line with, e.g., the following duties:
- Ensuring the Company’s accounts comply with the law and its financial affairs have been arranged in a reliable manner
- Managing the Group’s daily operations in line with the long-term goals and business strategy of the Group approved by the Board and in accordance with the general policies adopted by the Board and other applicable guidelines and decisions
- Deciding on acquisitions and divestments, as well as financial matters and investments, which have a value up to EUR 5.0 million or relate to the divestment, lay-off or termination of employment of 50 employees or more
- Preparing decision proposals and matters for information for the meetings of the Board (together with the Chairman of the Board and/or the Executive Committee) and presenting these matters and the agenda to the Board and its Committees
- Approving Group level standards
- Chairing Sanoma’s Executive Management Team
The President and CEO may take extraordinary or wide-ranging action only under a separate authorisation from the Board, or when the time delay involved in waiting for a decision from the Board would cause substantial losses to Sanoma.
Susan Duinhoven has served as the President and CEO of Sanoma Corporation since 1 October 2015.
Information of the remuneration of the President and CEO in 2017 is available in Note 33 of the Financial Statements 2017.