Corporate Governance

Board of Directors

Pursuant to Aiforia’s Articles of Association, the company’s Board of Directors comprises from four to seven members and the term of office of Board members ends at the close of the Annual General Meeting following their election. The Board of Directors constitutes a quorum when more than half of its elected members are present. Members with a conflict of interest are excluded when determining the quorum.

Duties of the Board of Directors

In addition to the duties defined in laws and regulations and Aiforia’s Articles of Association, the duties of Aiforia’s Board of Directors include the following:

  • to guide and supervise Aiforia's management and operations;

  • to decide on significant matters pertaining to Aiforia's operations;

  • to review and approve Aiforia's half-yearly reports, annual reports and financial statements;

  • to determine and approve Aiforia's strategy, operating plan and certain policies and practices of Aiforia, as well as to monitor their implementation;

  • to decide on significant business acquisitions, investments and divestments; and

  • to define Aiforia's dividend policy.

Aiforia's Board of Directors convenes according to a schedule agreed in advance and as needed.

At the current time, Aiforia does not have any committees of the Board of Directors. The Board of Directors of Aiforia is however planning to establish an audit and a remuneration committee at a later date.

Members of the Board of Directors

Pekka Mattila, Chairman of the Board of Directors since 2013

b. 1959
Finnish citizen
Master of Science degree in Technology
Independent of the company and significant shareholders
Company shares: 840,6501
Company options: 3,400 pc, which entitle to subscribed 170,000 shares of the company1

Relevant work experience
  • CEO of Desentum Oy, since 2011

Current positions of trust
  • Chairman of the Board of Directors of Master Golf Course Oy Ab, since 2014
  • Member of the Board of Directors of Oy Medix Biochemica Ab, since 2008
  • Member of the Board of Directors of TILT Biotherapeutics Oy, since 2020
  • Member of the Board of Directors of Musta Aukko Oy, since 2015

Previous positions of trust
  • Chairman of the Board of Directors of Herantis Pharma Oyj
  • Member of the Board of Directors of Mobidiag Oy

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1) Indirect ownership through Musta Aukko Oy.

Monita Au Kin Lai, Member of the Board of Directors since 2017

b. 1959
Hong Kong citizen
Master of Science, Accounting (CPA)
Independent of the company but not independent of significant shareholders
Company shares: 0
Company options: 0

Relevant work experience
  • CEO of Ascend Capital Partners, since 2002
  • CEO of Best Genetics Group, since 2011

Current positions of trust
  • Member of the Board of Directors of Grundium Oy, since 2017
  • Founder and Advisor at One Heart, One Sphere, since 2016

Johan Lundin, Member of the Board of Directors since 2013

b. 1964
Finnish citizen
M.D., PhD
Independent of significant shareholders but not independent of the company
Company shares: 1,414,150
Company options: 400 pc, which entitle to subscribed 20,000 shares of the company

Relevant work experience
  • Scientific Advisor at Aiforia, since 2021
  • Research Director and a member of the steering group at the Finnish Institute of Molecular Medicine at the University of Helsinki, since 2011
  • Professor of Medical Technology at Karolinska Institute, since 2019
  • Scientific Director at Aiforia, since 2013

Current positions of trust
  • Member of the Committee of Advisors of the European Society of Digital and Integrative Pathology, since 2016

John Sweeney, Member of the Board of Directors since 2021

b. 1970
U.S. citizen
Bachelor of Science, Economics; MBA
Independent of the company but not independent of significant shareholders
Company shares: 0
Company options: 0

Relevant work experience
  • President and CEP Epredia, since 2021
  • Senior Vice President & General Manager of Pall Corporation, since 2017
  • Senior Vice President & General Manager of Beckman Coulter, since 2016

John Wellbank, Member of the Board of Directors since 2021

b. 1954
U.S. citizen
Bachelor of Science, Economics; MBA
Independent of the company but not independent of significant shareholders
Company shares: 0
Company options: 0

Relevant work experience
  • Consultant at Epredia, since 2017
  • Global Head of Sales, Marketing and Service at Philips Digital Pathology Solutions , since 2013

Current positions of trust
  • Member of the Board of Directors of Digital Pathology Association, since 2011
  • President of Pathology Association Foundation, since 2017

David Oliver, Deputy member of the Board of Directors since 2018

b. 1967
New Zealand citizen
Bachelor of Commerce (Marketing & Economics)
Independent of the company but not independent of significant shareholders
Company shares: 0
Company options: 0

Current positions of trust
  • Member of the Board of Directors of Grundium Oy, since 2018
  • Owner of Orienz Ltd, since 1997

Mikael Lundin, Deputy member of the Board of Directors since 2017

b. 1968
Finnish citizen
M.D.
Independent of significant shareholders but not independent of the company
Company shares: 1,414,150
Company options: 1,800 pc, which entitle to subscribed 90,000 shares of the company

Relevant work experience
  • Director of Concept Design at Aiforia, since 2017
  • Chief Technology Officer of Aiforia, since 2013

Previous positions of trust
  • Member of the Board of Directors of Aiforia

Kari Pitkänen, Deputy member of the Board of Directors since 2021

b. 1960
Finnish citizen
Master of Science degree in Technology
Independent of significant shareholders but not independent of the company
Company shares: 1,260,000
Company options: 0

Relevant work experience
  • Director of Business Development at Aiforia, since 2013

Current positions of trust
  • Member of the Board of Directors of Scellex Oy, since 2019
  • Member of the Board of Directors of Genna Health Oy, since 2020

Previous positions of trust
  • Member of the Board of Directors of Aiforia

Tuomas Tenkanen, Deputy member of the Board of Directors since 2017

b. 1961
Finnish citizen
Master of Science degree in Technology
Independent of the company and significant shareholders
Company shares: 248,1502
Company options: 700 pc, which entitle to subscribed 35,000 shares of the company

Relevant work experience
  • Managing Director of Mobidiag Oy, since 2013

Current positions of trust
  • Chairman of the Board of Directors of TJT Technologies Ltd., since 2011

Previous positions of trust
  • Member of the Board of Directors of Aiforia

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2) Indirect ownership through TJT Technologies Oy.