President and CEO

In accordance with the Finnish Companies Act, the President and CEO is in charge of the day-to-day management of the Group in accordance with the guidelines and instructions of the Board, and is responsible for ensuring that the Company's accounting complies with the law, and that the financial matters are handled in a reliable manner. The President and CEO is also in charge of the preparation of matters to be presented to the Board as well as for the Company's strategic planning, finance, financial planning and reporting, and risk management.

The President and CEO is assisted in his duties by his/her Deputy. The President and CEO and his/her Deputy are present in the meetings of the Board.

Heikki Malinen has acted as President and CEO of Pöyry PLC since 1 June 2008 and Teuvo Salminen as Deputy to the President and CEO since 1 January 1999. Both have service contracts with the Company approved by the Board made for the time being and with the right to severance payments equalling up to twenty-four (24) months' salary in the event of termination by the Company for reasons other than cause. The service contracts are subject to a mutual six (6) months' term of notice. Statutory retirement age applies to the President and CEO and his Deputy. However, Heikki Malinen's service contract terminates automatically at the end of the calendar month during which he turns 63 years of age and retires.