Mar 9, 2026

After a sharp rebound in leadership changes in January, activity among Finnish listed companies moderated slightly in February.
Based on Listeds data, companies recorded 65 board and management moves realized in February, down from 73 changes in January but still well above the 35 changes seen in December.
Management changes again dominated the activity. February included:
4 new board appointments
1 board departure
30 new management appointments
30 management departures
The figures suggest that the early-year leadership reshuffle continued, though at a slightly steadier pace following January’s spike.
Easor recorded the largest board renewal
The most significant board development occurred at Easor Oyj, which appointed four directors, following its partial demerger with Talenom Oyj:
Harri Tahkola, chair
Johannes Karjula, member
Saara Kauppila, member
Taina Sipilä, member
The appointments represented the largest board refresh among Finnish listed companies during the month.
Elsewhere in governance changes, Joanna Hummel departed from the board of Musti Group Oyj.
New executives strengthen finance and growth functions
Thirty management appointments took effect across listed companies, with many companies strengthening finance leadership and growth roles.
Notable appointments included:
Digital Workforce Services Oyj
Tapio Niinikoski, chief growth officer
Endomines Finland Oyj
Minna Karttunen, chief financial officer
F Secure Oyj
Jyrki Tulokas, director responsible for strategy
Witted Megacorp Oyj
Teemu Tiilikainen, chief financial officer
Jouni Jaakkola, chief development officer
Several companies also recorded multiple appointments during the month. Easor Oyj, Talenom Oyj, Relais Group Oyj, and eQ Oyj were among the most active in adding new management members.
Finance leadership roles were particularly prominent, reflecting the continued emphasis on capital allocation, profitability, and scaling operations among Nordic listed companies.
Executive turnover continued across several companies
Executive departures were concentrated in a handful of companies. SSH Communications Security Oyj, Talenom Oyj, Lamor Corporation Oyj, and Digital Workforce Services Oyj recorded the largest number of exits during the month.
One of the most visible leadership changes occurred at Alisa Pankki Oyj, where Sampsa Laine, CEO, stepped down, following a mutual agreement with the board. CFO Kukka Lehtimäki has assumed the duties of interim CEO.
Early-year reshuffles continue
While the number of leadership changes declined slightly from January’s peak, February’s 65 realized moves confirm that Finnish listed companies remain in the middle of the typical first-quarter governance reshuffle cycle, when management teams and boards are adjusted ahead of the annual general meeting season.
Other top stories to read next

Stay on the pulse, catch the signals
Subscribe to Listeds Leadership Intelligence Platform:
leader and company database access
email alerts
career, boards and interim opportunities






