Board of Directors

The Board of Directors is responsible for the appropriate organization, administration and supervision of the company’s operations. The Board approves the company’s strategic objectives and the principles for risk management and ensures that the company’s management, control and internal audit systems function effectively. The Board of Directors has a general obligation to pursue the best interest of the company and all of its shareholders.

Jeffrey David

Chairman of the Board

Born 1964

Independent of the company and its major shareholders

Jeffrey David has been a member of Musti Group’s Board of Directors since 2016 and Chairman of the Board since 2017. In addition, Mr. David is Chairman of Independent Pet Partners USA and a Board member of Greencross Limited – Australia. He is an Australian citizen.

Share ownership: 213,685 shares (17 February 2020)

Ingrid Jonasson Blank

Vice-Chairman of the Board

Born 1962

Independent of the company and its major shareholders

Ingrid Jonasson Blank has been a member of Musti Group’s Board of Directors since 2014 and Vice-Chairman of the Board of Directors since 2020. Ms. Jonasson Blank is also a Board member of Bilia AB, ZetaDisplay AB, Orkla ASA, Forenom Group Oy, Nordic Morning Group Oyj, Cosmetic Group Holding AS, Astrid Lindgrens AB and Bygghemma First Group AB. In addition, she also acts as a Chairman of the Board of Haypp Group AB and KjellKoncern AB. Previously, during the last five years, she has also been a Board member of Ambea AB, Fiskars Oyj, Stor & Liten AB, Matse Holding AB, Norm AB, Matas AS and Royal Unibrew AS. Ms. Jonasson Blank holds a Bachelor’s degree in Business and Economics from University of Gothenburg, and she is a Swedish citizen.

Share ownership: 59,168 shares (17 February 2020)

Lisa Farrar

Member of the Board

Born 1980

Independent of the company and its major shareholders

Lisa Farrar has been a member of Musti Group’s Board of Directors since 2018. Ms. Farrar is also the Chief Digital Officer of Nordic Choice Hotels Commercial Services AB. In addition, she has previously during the last five years been the CEO of Groupon AB Sweden. Ms. Farrar holds a Bachelor’s degree in Business Administration from University of the Westminster, and she is a Swedish citizen.

Share ownership: 16,020 shares (17 February 2020)

Juho Frilander

Member of the Board

Born 1985

Independent of the company. Juho Frilander is a Director at EQT Partners, and due to this, considered to be dependent of EQT, which is a significant shareholder of the company.

Juho Frilander has been a member of Musti Group’s Board of Directors since 2018. Mr. Frilander is also a Board member of Suomen VAKA-palvelut I Oy, a deputy board member of Suomen VAKA-palvelut II Oy and a director at EQT Partners Oy. In addition, he has previously during the last five years been an associate at EQT Partners. Mr. Frilander holds a Master’s degree in Economics (major in Finance) from the Aalto University School of Business, and he is a Finnish citizen.

Share ownership: 0 shares (17 February 2020)

Vesa Koskinen

Member of the Board

Born 1979

Independent of the company. Vesa Koskinen is a Partner at EQT Partners, and due to this, considered to be dependent of EQT, which is a significant shareholder of the company.

Vesa Koskinen has been a member of Musti Group’s Board of Directors since 2019. Mr. Koskinen is a partner at EQT Partners and the Head of EQT Partners Finland as well as a Board member of Igenomix S.L., Touhula Varhaiskasvatus Oy, KfzTeile24 GmbH, Karo Pharma AB, VAKA-palvelut I Oy, VAKA-palvelut II Oy and EQT Partners Oy. In addition, he has previously during the last five years been a Board member of Terveystalo Oyj, Swiss Smile AG, Roeser Group GmbH and Vertu Corporation Limited. Mr. Koskinen holds a Master’s degree in Economics (major in Finance) from the Helsinki School of Economics, and he is a Finnish citizen.

Share ownership: 0 shares (17 February 2020)

Duties of the Board of Directors

Under the Articles of Association, the company’s Board of Directors has a minimum of 3 and a maximum of 10 members. The Board of Directors shall constitute a quorum when more than one-half of its members are present.

In addition to the specific duties defined in legislation and the company’s Articles of Association, Musti Group’s Board of Directors shall:

  • confirm the Charter of the Board of Directors;
  • confirm the Charter of the Audit Committee and the Remuneration Committee;
  • annually approve the company’s strategy, budget and business plan and supervise their execution;
  • arrange the control, supervision and audit of the company’s accounts and finances;
  • review and approve interim reports, financial statements and the annual report;
  • define the company’s dividend policy;
  • appoint and discharge from his/her duties the CEO and the Group management team;
  • resolve on the remuneration and incentives of the CEO and the Group management team in accordance with the company’s remuneration policy;
  • steer the operations of the company and supervise and monitor the CEO;
  • confirm the Group’s organizational structure and decide on any material organizational changes;
  • decide on large and strategically significant investments, acquisitions and divestments and on any other matters that are of material importance to Company;
  • annually assess the performance of the Board of Directors, including its activities and working methods, and its individual members;
  • summon the General Meetings of Shareholders and prepare proposals on matters to be considered in the meetings; and
  • decide on the establishment of the communication strategy and related policy as well as the publication of important information concerning the Musti Group and its activities.

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