Metsä Board Oyj Management

Management criteria checks 4/4

Metsä Board Oyj's CEO is Mika Joukio, appointed in Oct 2014, has a tenure of 9.5 years. total yearly compensation is €2.88M, comprised of 18.9% salary and 81.1% bonuses, including company stock and options. directly owns 0.11% of the company’s shares, worth €2.71M. The average tenure of the management team and the board of directors is 2.9 years and 3.1 years respectively.

Key information

Mika Joukio

Chief executive officer

€2.9m

Total compensation

CEO salary percentage	18.9%
CEO tenure	9.5yrs
CEO ownership	0.1%
Management average tenure	2.9yrs
Board average tenure	3.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Mika Joukio's remuneration changed compared to Metsä Board Oyj's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	€34m
Dec 31 2023	€3m	€545k	€95m
Sep 30 2023	n/a	n/a	€168m
Jun 30 2023	n/a	n/a	€280m
Mar 31 2023	n/a	n/a	€367m
Dec 31 2022	€2m	€536k	€410m
Sep 30 2022	n/a	n/a	€404m
Jun 30 2022	n/a	n/a	€365m
Mar 31 2022	n/a	n/a	€340m
Dec 31 2021	€2m	€519k	€292m
Sep 30 2021	n/a	n/a	€272m
Jun 30 2021	n/a	n/a	€240m
Mar 31 2021	n/a	n/a	€211m
Dec 31 2020	€2m	€511k	€170m
Sep 30 2020	n/a	n/a	€137m
Jun 30 2020	n/a	n/a	€123m
Mar 31 2020	n/a	n/a	€107m
Dec 31 2019	€3m	€512k	€145m
Sep 30 2019	n/a	n/a	€179m
Jun 30 2019	n/a	n/a	€204m
Mar 31 2019	n/a	n/a	€209m
Dec 31 2018	€2m	€510k	€203m
Sep 30 2018	n/a	n/a	€195m
Jun 30 2018	n/a	n/a	€177m
Mar 31 2018	n/a	n/a	€170m
Dec 31 2017	€1m	€507k	€151m

Compensation vs Market: Mika's total compensation ($USD3.09M) is about average for companies of similar size in the UK market ($USD2.64M).

Compensation vs Earnings: Mika's compensation has been consistent with company performance over the past year.

CEO

Mika Joukio (59 yo)

9.5yrs

Tenure

€2,880,130

Compensation

Mr. Mika Joukio, M.Sc. (Eng), MBA, has been the Chief Executive Officer of Metsa Board Oyj since October 1, 2014. Mr. Joukio has been Chief Executive Officer of Metsä Board Corporation since 2014. He has b...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Mika Joukio	Chief Executive Officer	9.5yrs	€2.88m	0.11% € 2.7m
Henri Sederholm	Chief Financial Officer	2.9yrs	no data	0.014% € 357.9k
Harri Pihlajaniemi	Senior Vice President of Production & Technology	less than a year	no data	0.017% € 430.1k
Katri Sundström	Vice President of Investor Relations	no data	no data	no data
Eeva Impio-Loimaala	General Counsel	no data	no data	no data
Jussi Noponen	Senior Vice President of Sales & Supply Chain	2.9yrs	no data	0.025% € 644.4k
Camilla Wikstrom	Senior Vice President of Human Resources	4.8yrs	no data	0.0070% € 179.2k
Markku Leskela	Senior Vice President of Development	2.5yrs	no data	0.0065% € 166.0k

2.9yrs

Average Tenure

53yo

Average Age

Experienced Management: 0O7A's management team is considered experienced (2.9 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Juha Vanhainen	Independent Director	1.1yrs	€89.08k	0.0027% € 67.6k
Mari Kiviniemi	Independent Director	2.1yrs	€94.69k	0.0024% € 62.3k
Jukka Moisio	Independent Director	3.8yrs	€92.82k	0.0049% € 123.8k
Jussi Linnaranta	Vice Chairman	7.1yrs	€116.39k	0.010% € 259.3k
Ilkka Hamala	Chairman of the Board	6.1yrs	€131.39k	0.083% € 2.1m
Mikko Makimattila	Director	1.1yrs	€88.32k	0.0049% € 123.8k
Raija-Leena Hankonen-Nybom	Independent Director	3.1yrs	€107.39k	0.0037% € 94.1k
Erja Hyrsky	Independent Director	3.1yrs	€94.95k	0.0041% € 104.0k
Leena Craelius	Director	less than a year	no data	no data

3.1yrs

Average Tenure

55yo

Average Age

Experienced Board: 0O7A's board of directors are considered experienced (3.1 years average tenure).

Metsä Board Oyj Management

Management criteria checks 4/4

Key information

Recent management updates

Metsä Board Corporation Elects Leena Craelius as Member of Board of Director and Announces Composition of Committees

High number of new directors

Metsä Board Corporation Announces Executive Changes

High number of new directors

Chairman of the Board recently bought €4.3m worth of stock

High number of new directors

Recent updates

Metsä Board Oyj Announces Long Production Interruption At Metsä Board's Kemi Board Mill

Metsä Board Oyj Announces Long Production Interruption At Metsä Board's Kemi Board Mill

Metsä Board Corporation Elects Leena Craelius as Member of Board of Director and Announces Composition of Committees

Upcoming dividend of €0.25 per share

New minor risk - Earnings quality

Dividend reduced to €0.25

Metsä Board Corporation Proposes Dividend for the Year 2023

Metsä Board Corporation Proposes Dividend for the Year 2023

High number of new directors

Metsä Board Corporation Commences Change Negotiations on Possible Temporary Layoffs in Finland

Third quarter 2023 earnings released

Metsä Board Corporation Announces Executive Changes

High number of new directors

Metsä Board Oyj to Report Q1, 2024 Results on Apr 25, 2024

Metsä Board Starts Change Negotiations on Possible Temporary Layoffs

Chairman of the Board recently bought €4.3m worth of stock

Now 20% undervalued after recent price drop

First quarter 2023 earnings released: EPS: €0.19 (vs €0.31 in 1Q 2022)

Now 22% undervalued after recent price drop

Upcoming dividend of €0.58 per share at 7.0% yield

Full year 2022 earnings released: EPS: €1.15 (vs €0.82 in FY 2021)

Metsä Board Oyj to Report Fiscal Year 2022 Final Results on Feb 23, 2023

Now 20% undervalued

High number of new directors

Metsä Board Oyj (HLSE:METSB) commences an Equity Buyback Plan for 1,000,000 shares, representing 0.3% of its issued share capital, under the authorization approved on March 24, 2022.

Metsä Board Oyj Provides Earnings Guidance for the Period from October to December 2022

Third quarter 2022 earnings released

Second quarter 2022 earnings released

Metsä Board Oyj to Report Nine Months, 2023 Results on Oct 26, 2023

Now 22% undervalued

Now 20% undervalued

First quarter 2022 earnings released: EPS: €0.31 (vs €0.18 in 1Q 2021)

High number of new directors

Now 22% undervalued

High number of new directors

Less than half of directors are independent

Upcoming dividend of €0.41 per share

Investor sentiment improved over the past week

Now 20% undervalued

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Metsä Board Oyj Provides Earnings Guidance for the First Quarter Ending March 2022

Euroports Finland Oy signed an agreement to acquire Oy Hango Stevedoring Ab from Metsä Board Oyj (HLSE:METSB).

Third quarter 2021 earnings released

Second quarter 2021 earnings released: EPS €0.23 (vs €0.15 in 2Q 2020)

First quarter 2021 earnings released: EPS €0.18 (vs €0.06 in 1Q 2020)

Metsä Board Oyj Announces Earnings Guidance for the Period April to June 2021

Independent Director has left the company

Independent Director has left the company

Upcoming Dividend of €0.26 Per Share

Full year 2020 earnings released: EPS €0.48 (vs €0.41 in FY 2019)

Revenue beats expectations

Metsä Board Oyj to Report Fiscal Year 2020 Final Results on Feb 24, 2021

New 90-day high: €9.68

New 90-day high: €8.73

Norra Skogsägarna Ek. För. completed the acquisition of 30% stake in Husum Pulp Mill in Sweden from Metsä Board Oyj (HLSE:METSB).

New 90-day high: €8.62

Norra Skogsägarna Ek. För. entered into an agreement to acquire 30% stake in Husum Pulp Mill in Sweden from Metsä Board Oyj (HLSE:METSB).

New 90-day high: €7.97

Third quarter 2020 earnings released: EPS €0.13

Revenue beats expectations

Third quarter earnings released

Third-quarter earnings released: Revenue beats expectations

Metsä Board’s Paperboards Receive New Home Compostability Certificates

New 90-day high: €7.16

New 90-day high - €6.89

New 90-day high - €6.78

Metsä Board Oyj to Report Q1, 2021 Results on Apr 28, 2021

CEO Compensation Analysis

CEO