Harvia Oyj Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Matias Jarnefelt

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	1.4yrs
CEO ownership	n/a
Management average tenure	7.8yrs
Board average tenure	3.1yrs

Recent management updates

Recent updates

CEO

Matias Jarnefelt (50 yo)

1.4yrs

Tenure

Mr. Matias Jarnefelt serves as Chief Executive Officer at Harvia Oyj since June 1, 2023 and also its Chairman of the Management Board. He is Member of Management Board at Harvia Oyj since June 01, 2023. He...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Matias Jarnefelt	Chairman of the Management Board & CEO	1.4yrs	no data	no data
Ari Vesterinen	CFO, Secretary & Member of Management Board	10.8yrs	no data	0.80% € 6.4m
David Ahonen	Head of Region Asia-Pacific-MEA & Member of Management Board	10.8yrs	no data	0.64% € 5.1m
Timo Harvia	Head of Innovation & Technology and Member of the Management Board	10.8yrs	no data	0.55% € 4.4m
Anssi Pelkonen	Head of Northern Europe Region & Member of Management Board	10.8yrs	no data	0.35% € 2.8m
Mika Suoja	Head of Operations & Member of Management Board	8.8yrs	no data	0.20% € 1.6m
Paivi Juolahti	Head of Marketing & Brands and Member of Management Board	4.4yrs	no data	0.013% € 106.3k
Markus Wormanseder	Head of Region Continental Europe and Products and Solutions & Member of Management Board	7.8yrs	no data	no data
Jennifer Thayer	Head of Region	less than a year	no data	no data
Thomas Hjalmeby	Sales Director of Scandinavia & Member of Management Board	6.8yrs	no data	0.023% € 183.6k
Philipp Krauth	MD of EOS	less than a year	no data	no data

7.8yrs

Average Tenure

50yo

Average Age

Experienced Management: G1U's management team is seasoned and experienced (7.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Olli Liitola	Independent Director	10.7yrs	€60.85k	0.25% € 2.0m
Hille Korhonen	Independent Director	3.6yrs	€47.42k	0.027% € 219.1k
Markus Lengauer	Independent Director	1.6yrs	€24.57k	no data
Heiner Olbrich	Independent Chairman of Board	2.6yrs	€38.99k	0.011% € 85.8k
Anders Holmen	Independent Director	3.6yrs	€42.80k	0.0090% € 72.3k
Catharina Stackelberg-Hammaren	Independent Vice Chairman	1.6yrs	€24.76k	0.0080% € 63.7k

3.1yrs

Average Tenure

59yo

Average Age

Experienced Board: G1U's board of directors are considered experienced (3.1 years average tenure).

Harvia Oyj Management

Management criteria checks 2/4

Key information

Recent management updates

Insider recently sold €1.5m worth of stock

Harvia plc Announces Composition of the Shareholders' Nomination Board

Harvia Oyj, Annual General Meeting, Apr 08, 2025

Harvia plc Appoints Philipp Krauth as Managing Director of EOS Group and Head of EOS Brand and Products

Harvia Oyj Announces Board and Committee Changes

Managing Director of EOS Group recently sold €455k worth of stock

Recent updates

New minor risk - Financial position

Third quarter 2024 earnings released: EPS: €0.29 (vs €0.24 in 3Q 2023)

Upcoming dividend of €0.34 per share

Insider recently sold €1.5m worth of stock

Harvia plc Announces Composition of the Shareholders' Nomination Board

Harvia Oyj, Annual General Meeting, Apr 08, 2025

Harvia Oyj to Report Q1, 2025 Results on May 07, 2025

Second quarter 2024 earnings released: EPS: €0.31 (vs €0.28 in 2Q 2023)

Harvia Oyj (HLSE:HARVIA) completed the acquisition of ThermaSol.

Now 20% overvalued

Harvia plc Appoints Philipp Krauth as Managing Director of EOS Group and Head of EOS Brand and Products

First quarter 2024 earnings released: EPS: €0.40 (vs €0.34 in 1Q 2023)

Dividend of €0.34 announced

Harvia Oyj Announces Board and Committee Changes

Final dividend of €0.34 announced

Harvia Oyj Proposes Dividend for the Financial Year 2023 Payable on May 8,2024 ; October 28,2024

Now 20% overvalued after recent price rise

Full year 2023 earnings released: EPS: €1.25 (vs €1.45 in FY 2022)

Managing Director of EOS Group recently sold €455k worth of stock

Harvia Oyj Propose Dividend for the Financial Period Ended 31 December 2023, Payable on May 2024 and October 2024

Full year 2023 earnings released: EPS: €1.25 (vs €1.45 in FY 2022)

Harvia Oyj Provides Earnings Guidance for the Year 2024

Harvia plc Appoints Jennifer Thayer as Head of Region, North America and President of Harvia US Inc., and a Member of the Management Team of Harvia Group

Investor sentiment improves as stock rises 15%

Harvia Oyj Announces Olli Liitola Renounce His Position as Chair of the Board of Directors

Third quarter 2023 earnings released: EPS: €0.24 (vs €0.34 in 3Q 2022)

Harvia plc Distributes Second Dividend Instalment for the Financial Year 2022, Payable on 30 October 2023

HARVIA Plc Announces Organizational and Management Changes

Harvia Oyj to Report Fiscal Year 2023 Final Results on Mar 11, 2024

Upcoming dividend of €0.32 per share at 2.6% yield

Rainer Kunz to Leave Harvia Group as Managing Director of Eos Group and Member of Harvia’S Management Team, Effective on End of March 2024

Harvia Plc Announces Appointment of Nomination Board

Second quarter 2023 earnings released: EPS: €0.28 (vs €0.40 in 2Q 2022)

Vice President of Operations & Sourcing recently sold €113k worth of stock

MD & CEO of EOS Group recently sold €750k worth of stock

First quarter 2023 earnings released: EPS: €0.34 (vs €0.50 in 1Q 2022)

High number of new and inexperienced directors

Upcoming dividend of €0.32 per share at 2.9% yield

Full year 2022 earnings released: EPS: €1.45 (vs €1.80 in FY 2021)

Insider recently sold €135k worth of stock

Full year 2022 earnings released: EPS: €1.45 (vs €1.80 in FY 2021)

Harvia plc Proposes Dividend for the Year 2022

Now 20% undervalued

Insider recently sold €223k worth of stock

Harvia Plc Announces the Resignation of Sanna Suvanto-Harsaae from the Board of Directors

Now 21% undervalued

CEO Tapio Pajuharju to Leave Harvia in May 2023

High number of new and inexperienced directors

Investor sentiment improved over the past week

Now 23% undervalued after recent price drop

Mr. Vasilij Sosenkov agreed to acquire 80% stake in OOO EOS Premium SPA Technologies from Harvia Oyj (HLSE:HARVIA) for €0.6 millions.

Mr. Vasilij Sosenkov agreed to acquire 80% stake in OOO EOS Premium SPA Technologies from Harvia Oyj (HLSE:HARVIA) for €0.6 millions.

Third quarter 2022 earnings released: EPS: €0.34 (vs €0.44 in 3Q 2021)

Harvia plc Distributes Dividend for the Financial Year 2021, Payable on 25 October 2022

Upcoming dividend of €0.30 per share

Harvia Plc Announces Composition of Shareholders' Nomination Board

Harvia Oyj, Annual General Meeting, Apr 20, 2023

Now 21% undervalued after recent price drop

Second quarter 2022 earnings released: EPS: €0.40 (vs €0.48 in 2Q 2021)

Harvia Oyj Provides Revenue Guidance for the Full Year of 2022

Harvia Oyj (HLSE:HARVIA) completed the acquisition of remaining 21.4% stake in EOS Group from Mr. Rainer Kunz.

Investor sentiment deteriorated over the past week

Harvia Launches Harvia Spirit

Harvia Brings a New Premium Line-Up to the Steam Sauna Market with the Launch of the Harvia Nova Products

High number of new and inexperienced directors

Harvia Oyj Provides Earnings Guidance for the Year 2022

Harvia plc Approves Dividend for the Financial Year 2021, Payable on April 20, 2022 and October 25, 2022 Respectively

Harvia Plc Suspends its Operations in Russia

CEO