Kesko has a managing director who is the President and CEO. Kesko's President and CEO is Mikko Helander, Master of Science in Technology. He became Kesko's President and CEO on 1 January 2015.
The President and CEO's duty is to manage Kesko Group's operations in accordance with the instructions and orders issued by the Company's Board of Directors and to report to the Board about the developments in the Company's business operations and financial situation. He is also responsible for the Company's day-to-day administration and that the financial management has been organised in a reliable manner. The President and CEO also chairs the Group Management Board and the subsidiary Boards essential with regard to business operations.
The President and CEO is elected by the Board of Directors. The Board has decided the terms and conditions of the President and CEO's service contract. A written managing director's service contract, approved by the Board, has been made between the Company and the President and CEO.
Kesko Group has a Group Management Board, the Chair of which is Kesko's President and CEO.
Group Management Board members and areas of responsibility areas at 1. Jan 2017
Group Management Board members and areas of responsibility areas at 31 Dec. 2015
* Helander became Kesko's Executive Vice President and Group Management Board member on 1 October 2014. As from 1 January 2015, he is Kesko's President and CEO and Chairman of the Group Management Board.
The Group Management Board does not have any powers under law or the Articles of Association. The Group Management Board's duty is to discuss Group-wide development projects and Group-level policies and procedures. In addition, the Group Management Board discusses the Group's and the division parent companies' business plans, profit performance and matters dealt with by Kesko's Board of Directors, in whose preparation it also participates. The Group Management Board meets 18–20 times a year.
The Board members of Kesko's most significant subsidiaries are elected from among Kesko Group's management personnel. They are not paid separate fees for acting as subsidiary Board members. The most important duties of subsidiary Boards include the preparation of the companies' and their sub-groups' strategies, operating plans and budgets, as well as making decisions on capital expenditures, acquisitions and contingent liabilities within the authorisations defined by Kesko's Board.