Corporate Governance

Management Team

The CEO is responsible for the management, guidance and supervision of Aiforia’s business operations. In addition, the CEO is responsible for the day-to-day executive management of Aiforia in accordance with the instructions and orders given by the Board of Directors. In addition, the CEO shall ensure that Aiforia’s accounting practices comply with the Finnish legislation and that its financials have been arranged in a reliable manner. The duties of the CEO are governed primarily by the Limited Liability Companies Act. The CEO shall provide the Board of Directors and its members with the information necessary for the performance of the duties of the Board of Directors.

The Board of Directors appoints and dismisses the CEO. The Board of Directors decides on the terms and conditions of the CEO’s employment, and they are defined in a written service agreement. In addition, the Board of Directors decides on the remuneration of the members of the Management Team.

The duty of Aiforia’s Management Team is to support the CEO in the planning of the operations and operational management. In addition, the Management Team prepares possible investments, business acquisitions and development projects. Aiforia’s Management Team convenes regularly.

Members of the Management Team

Jukka Tapaninen, Chief Executive Officer and member of the Management Team since 2020

b. 1963
Finnish citizen
Master of Science (Economics)
Company shares: 607,222
Company options: 463,830 pc, which entitle to subscribed 1,141,500 shares of the company

Relevant work experience

Vice President at Pegasystems Inc, since 2016
Vice President at SAP, since 2004

Current positions of trust

Member of the Board of Directors of QPR Oyj, since 2021
Member of the Board of Directors of Meshworks Wireless Oy, since 2011
Member of the Board of Directors of WeVision Oy, since 2014

Previous positions of trust

Chairman of the Board of Directors of Addoro Ab
Member of the Board of Directors of Aiforia

Kaisa Helminen, Chief Operating Officer since 2020, member of the Management Team since 2014

b. 1975
Finnish citizen
Master of Science (Biochemistry)
Company shares: 145,700
Company options: 181,316 pc, which entitle to subscribed 515,300 shares of the company

Relevant work experience

CEO of Aiforia, since 2014
Product Manager at Sartorius Biohit Liquid Handling, since 2012
Product Manager at Thermo Fisher Scientific, since 2010
Product Manager at Finnzymes, since 2001

Veli-Matti Parkkonen, Chief Financial Officer and member of the Management Team since 2021

b. 1963
Finnish citizen
Master of Science (Economics)
Company shares: 20,000 (includes also indirect ownership through 3-Stiernet Oy)
Company options: 101,900 pc, which entitle to subscribed 195,000 shares of the company

Relevant work experience

Director at Prudentus Capital Oy, since 2017
Investment Manager and Partner at Finesco Capital Oy, since 2016
Partner and Owner at Alesco Investment Partners Oy, since 2014
Director of Pareto Securities Oy/E Öhman J:or Securities Finland Oy, since 2007

Current positions of trust

Chairman of the Board of Directors of 3-Stiernet Oy, since 2009
Member of the Board of Directors of Suonenjoen Kone ja Rauta Oy, since 2018

Previous positions of trust

Member of the Board of Directors of BCB Medical Oy
Member of the Board of Directors of Finesco Capital Oy
Member of the Board of Directors of Yeford Oy

Tuomas Ropponen, Chief Technology Officer and member of the Management Team since 2017

b. 1978
Finnish Citizen
Master of Science (Technology)
Company shares: 5,000
Company options: 62,900 pc, which entitle to subscribed 205,000 shares of the company

Relevant work experience

Platform Owner at Aiforia, since 2016
Platform Owner at Outotec, since 2013
Software Project Manager at Outotec, since 2012
Team Leader software development at Sartorius Biohit Liquid Handling, since 2012
Software Engineer at Sartorius Biohit Liquid Handling, since 2010
Automation Manager at Oy Delt-Enterprise Ltd, since 2002

Thomas Westerling-Bui, Chief Commercial Officer, Americas and member of the Management Team since 2022

b. 1974
Finnish Citizen, US permanent resident
Doctor of Philosophies
Company shares: 0
Company options: 101,933 pc, which entitle to subscribed 196,650 shares of the company

Relevant work experience

Vice President of AI Solutions and Strategy at Aiforia, since 2018
Research Fellow, Dana Farber Cancer Institute and Harvard Medical School 2008–2018