Bittium Oyj Management

Management criteria checks 2/4

Bittium Oyj's CEO is Johan Westermarck, appointed in Apr 2023, has a tenure of 1.08 years. directly owns 0.2% of the company’s shares, worth €426.80K. The average tenure of the management team and the board of directors is 1.7 years and 3.9 years respectively.

Key information

Johan Westermarck

Chief executive officer

€328.0k

Total compensation

CEO salary percentage	n/a
CEO tenure	1.1yrs
CEO ownership	0.2%
Management average tenure	1.7yrs
Board average tenure	3.9yrs

Recent management updates

Recent updates

CEO

Johan Westermarck (58 yo)

1.1yrs

Tenure

€328,000

Compensation

Mr. Johan Westermarck is CEO & Member of the Management Group of Bittium Oyj since April 01, 2023. Mr. Westermarck serves as Chairman of Management Group at Bittium Oyj since 2023. Mr. Westermarck is Chief...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Johan Westermarck	CEO & Chairman of the Management Group	1.1yrs	€328.00k	0.20% € 426.8k
Juha Hulkko	Founder	no data	€20.00k	4% € 8.4m
Petri Hiljanen	CFO & Member of Management Board	less than a year	no data	no data
Karoliina Malmi	VP of Communications & Sustainability and Member of Management Group	8.8yrs	no data	0.0082% € 17.3k
Kari Jokela	Chief Legal Officer & Member of Management Group	9.7yrs	no data	0.0068% € 14.4k
Andreas Heim	Executive Vice President of Operations	7.9yrs	no data	no data
Tommi Kangas	Senior VP of Defense & Security and Member of Management Group	no data	no data	0.0077% € 16.3k
Antti Naykki	VP of Group Business Development & Member of Management Group	2.3yrs	no data	no data
Laura Kauppinen	Senior VP of Medical Business Segment & Member of Management Board	less than a year	no data	0.0014% € 3.0k
Jari Inget	VP of Engineering Services Business Segment & Member of Management Group	less than a year	no data	no data
Antti Keränen	Executive Officer	less than a year	no data	0.0042% € 8.9k
Alexander Kocher	President of Automotive Business Segment & MD - Elektrobit Automotive Gmbh	12.8yrs	no data	no data

1.7yrs

Average Tenure

53yo

Average Age

Experienced Management: 0JG5's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Arto Remes	Senior Advisor to the Board of Directors	2.3yrs	no data	no data
Pekka Kemppainen	Independent Director	5.1yrs	€28.71k	0.023% € 49.5k
Seppo Laine	External Advisor of the B	no data	€37.00k	no data
Erkki Veikkolainen	Independent Chairman of the Board	16.2yrs	€50.25k	5.13% € 10.8m
Riitta Tiuraniemi	Independent Director	6.1yrs	€31.71k	0.054% € 114.6k
Veli-Pekka Paloranta	Independent Director	3.9yrs	€30.21k	0.024% € 50.9k
Petri Toljamo	Independent Director	3.1yrs	€30.21k	0.074% € 155.5k
Raimo Jyvasjarvi	Director	less than a year	no data	no data

3.9yrs

Average Tenure

65.5yo

Average Age

Experienced Board: 0JG5's board of directors are considered experienced (3.9 years average tenure).

Bittium Oyj Management

Management criteria checks 2/4

Key information

Recent management updates

Bittium Corporation Appoints Petri Hiljanen as Member of Management Group as of April 1, 2024

Bittium Corporation Appoints Antti Näykki as Vice President, Group Business Development from Senior Vice President, Medical Business Segment, Effective February 1, 2024

Bittium Announces Management Changes

Bittium Corporation Appoints Raimo Jyväsjärvi as an Advisor to the Board of Directors

Bittium Corporation Announces Executive Changes

Bittium Oyj Announces Executive Changes

Recent updates

Bittium Oyj Approves Extraordinary Dividend

Upcoming dividend of €0.03 per share

New minor risk - Share price stability

Full year 2023 earnings released: €0.15 loss per share (vs €0.007 profit in FY 2022)

Bittium Corporation Appoints Petri Hiljanen as Member of Management Group as of April 1, 2024

Dividend reduced to €0.03

Full year 2023 earnings released: €0.15 loss per share (vs €0.007 profit in FY 2022)

Bittium Corporation Proposes Dividend for the Financial Year Ended December 31, 2023, Payable on April 19, 2024

Bittium Corporation Appoints Antti Näykki as Vice President, Group Business Development from Senior Vice President, Medical Business Segment, Effective February 1, 2024

Bittium Oyj to Report Nine Months, 2024 Results on Oct 18, 2024

New minor risk - Share price stability

Bittium Corporation Provides Earnings Guidance for the Year 2023 and 2024

Bittium Corporation Lowers Earnings Guidance for the Year 2023

Bittium Corporation Continues to Develop Its Operations Towards Independent Business Units and Starts Change Negotiations

Bittium Announces Management Changes

First half 2023 earnings released: €0.10 loss per share (vs €0.017 loss in 1H 2022)

Bittium Corporation Appoints Raimo Jyväsjärvi as an Advisor to the Board of Directors

Bittium Oyj (HLSE:BITTI) commences an Equity Buyback Plan for 3,500,000 shares, representing 9.8% of its issued share capital, under the authorization approved on April 12, 2023.

Bittium Corporation Announces Executive Changes

Upcoming dividend of €0.05 per share at 1.2% yield

Full year 2022 earnings released: EPS: €0.007 (vs €0.093 in FY 2021)

Full year 2022 earnings released: EPS: €0.007 (vs €0.093 in FY 2021)

Bittium Oyj Proposes Dividend for the Financial Period of January 1, 2022 - December 31, 2022, Payable on April 21, 2023

Bittium Oyj to Report Q1, 2023 Results on Apr 27, 2023

Bittium Oyj Announces Executive Changes

Bittium Oyj Announces Earnings Guidance for the Year 2022

Bittium Corporation Announces Resignation of Hannu Huttunen as CEO

Second quarter 2022 earnings released: EPS: €0.017 (vs €0.015 in 2Q 2021)

Bittium Oyj Provides Sales Guidance for the Full Year 2022

Bittium Corporation Provides Earnings Guidance for the Period from January to June 2022

Bittium Oyj Approves Dividend for the Financial Year January 1, 2021 - December 31, 2021, Payable on April 19, 2022

Upcoming dividend of €0.04 per share

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

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

Bittium Corporation Proposes Dividend for the Financial Period January 1, 2021 - December 31, 2021, Payable on April 19, 2022

Third quarter 2021 earnings released: EPS €0.002 (vs €0.029 loss in 3Q 2020)

Second quarter 2021 earnings released: EPS €0.014 (vs €0.035 in 2Q 2020)

Bittium Oyj Provides Earnings Guidance for the Year 2021

Senior Vice President of Sales Sammy Loitto has left the company

Independent Director has left the company

Independent Director has left the company

Full year 2020 earnings released: EPS €0.061 (vs €0.21 in FY 2019)

Bittium Corporation Announces the Finnish Defence Forces Order Bittium Tac Win™ Products and Bittium Tough Comnode™ Devices

Full year 2020 earnings released: EPS €0.062 (vs €0.21 in FY 2019)

Revenue misses expectations

Bittium Corporation Announces Resignation of Directors

New 90-day high: €7.34

Bittium Oyj, Annual General Meeting, Apr 14, 2021

New 90-day low: €5.46

Bittium Corporation Lowers Financial Outlook for 2020

New 90-day low: €5.69

Market pulls back on stock over the past week

New 90-day low: €5.96

New 90-day high: €7.02

New 90-day high - €6.72

First half earnings released

CEO

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Leadership Team

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Board Members

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