Harvia Oyj Management

Management criteria checks 0/4

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	less than a year
CEO ownership	n/a
Management average tenure	less than a year
Board average tenure	2.3yrs

Recent management updates

Recent updates

CEO

Matias Jarnefelt (49 yo)

less than a year

Tenure

Mr. Matias Jarnefelt serves as Chief Executive Officer at Harvia Oyj since June 1, 2023. He worked for Nokia in various leadership roles, for example, as the global Head of Sales for Nokia phone accessory...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Matias Jarnefelt	Chief Executive Officer	less than a year	no data	no data
Ari Vesterinen	CFO & Secretary	10yrs	no data	0.80% € 4.1m
Mika Suoja	Head of Operations	no data	no data	0.20% € 995.0k
Timo Harvia	Interim Head of Innovation & Technology	2.7yrs	no data	0.74% € 3.8m
Paivi Juolahti	Head of Marketing & Brands	3.6yrs	no data	0.013% € 65.5k
David Ahonen	Head of Region Asia-Pacific-MEA	no data	no data	0.64% € 3.3m
Anssi Pelkonen	Head of Northern Europe	no data	no data	0.37% € 1.9m
Rainer Kunz	Interim Managing Director of EOS Group	no data	no data	0.073% € 373.9k
Markus Wormanseder	Head of Products & Solutions and Interim Head of Region Continental Europe	no data	no data	no data

0.3yrs

Average Tenure

49yo

Average Age

Experienced Management: HARVIH's management team is not considered experienced ( 0.3 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Olli Liitola	Independent Chairman	9.8yrs	€53.18k	0.25% € 1.3m
Markus Lengauer	Independent Director	less than a year	no data	no data
Heiner Olbrich	Independent Vice Chairman	1.8yrs	€25.57k	0.011% € 54.6k
Hille Korhonen	Independent Director	2.8yrs	€37.37k	0.027% € 139.4k
Anders Holmen	Independent Director	2.8yrs	€34.92k	0.0090% € 46.0k
Catharina Stackelberg-Hammaren	Independent Director	less than a year	no data	no data

2.3yrs

Average Tenure

58yo

Average Age

Experienced Board: HARVIH's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.

Harvia Oyj Management

Management criteria checks 0/4

Key information

Recent management updates

Harvia Oyj Announces Board and Committee Changes

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

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

HARVIA Plc Announces Organizational and Management Changes

High number of new and inexperienced directors

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

Recent updates

Harvia Oyj Announces Board and Committee Changes

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

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

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

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

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

High number of new and inexperienced directors

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

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

High number of new and inexperienced directors

Harvia plc Proposes Dividend for the Year 2022

High number of new and inexperienced directors

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

CEO Tapio Pajuharju to Leave Harvia in May 2023

High number of new and inexperienced directors

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.

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

Harvia Plc Announces Composition of Shareholders' Nomination Board

Harvia Oyj, Annual General Meeting, Apr 20, 2023

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

High number of new and inexperienced directors

Harvia Launches Harvia Spirit

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

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

Investor sentiment deteriorated over the past week

Now 26% undervalued after recent price drop

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Now 26% undervalued after recent price drop

Harvia Oyj Updates its Dividend Policy to Support the Company’s Growth Strategy

Harvia Oyj (HLSE:HARVIA) announces an Equity Buyback for 934,711 shares, representing 5% of its issued share capital.

Third quarter 2021 earnings released: EPS €0.44 (vs €0.22 in 3Q 2020)

Harvia Oyj (HLSE:HARVIA) acquired Parhaat Löylyt Oy.

Harvia Oyj (HLSE:HARVIA) acquired Sauna-eurox Oy.

Second quarter 2021 earnings released: EPS €0.48 (vs €0.17 in 2Q 2020)

Harvia Oyj (HLSE:HARVIA) acquired Kirami Oy from Mika Rantanen, Eero Rantanen and other minority holders for €11 million.

First quarter 2021 earnings released: EPS €0.44 (vs €0.13 in 1Q 2020)

Investor sentiment improved over the past week

Harvia Plc Approves Anniversary Dividend, Payable on 19 April 2021

Upcoming dividend of €0.32 per share

Full year 2020 earnings released: EPS €0.83 (vs €0.51 in FY 2019)

Harvia Oyj Proposes Distributes for the Financial Period Ended December 31, 2020

Investor sentiment improved over the past week

Full year 2020 earnings released: EPS €0.83 (vs €0.51 in FY 2019)

Revenue beats expectations

New 90-day high: €25.30

New 90-day high: €24.90

Investor sentiment improved over the past week

New 90-day high: €21.45

Harvia Oyj Announces Board Changes

Harvia Oyj to Report Q1, 2021 Results on May 05, 2021

Harvia Oyj (HLSE:HARVIA) completed the acquisition of majority stake in EOS Group from Rainer Kunz, Michael Meis and Vasilij Sosenkov.

CEO

Tenure

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age