Corporate Governance Statement,
reporting period Jan. 1 – Dec. 31, 2013

Corporate Management

Corporate management supports the CEO in his tasks and consists of the CFO and the Chief Legal Officer of the Group. Group management supports the CEO in operative management, implementation and follow-up of the CEO´s competence area, in particular as regards the management and development of the business portfolio, asset management and taxation, internal audit, Corporate Governance of the Company, investor and marketing communications and risk management.

Veli-Pekka Paloranta

Chief Financial Officer 2010–
b. 1972, M.Sc. (Econ.)

Elektrobit Corporation, Member of the Corporate Management Board 2010–.

Previous work history: Elektrobit Corporation, Director, Finance 2008–2010. JOT Automation Oy, CFO 2007–2008. Elektrobit Group Oyj, Business Controller 2000–2007.

Holdings: Holds 21,200 shares in Elektrobit Corporation...

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Päivi Timonen

Chief Legal Officer 2002–
b. 1970, LLM, trained on the bench

Elektrobit Corporation, Member of the Corporate Management Board 2002–.

Previous work history: Roschier Holmberg Oy, Lawyer 1998–2002.

Holdings: Holds 5,800 shares in Elektrobit Corporation...

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