Board of Directors

Markku Kankaala

Chairman of the Board

Additional information

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(Born 1963)
Education: Engineer in mechanical and metal engineering

  • Family company PM Ruukki Oy, Chairman of the Board
  • MBÅ Invest Oy, Chairman of the Board
  • Suomen AktiiviOmistus Oy, Chairman of the Board
  • Wetteri Oyj, Chairman of the Board
  • Andament Group Oy, Board member

Markku Kankaala is an entrepreneur and active owner from Northern Ostrobothnia. In July 2021, he started as Chairman of the Board of NYAB Plc. Since 2020, he has been the CEO of PM Ruukki Oy. He is also the founder of Afarak Group Plc (formerly Ruukki Group Plc) and served as a Member of the Board of Directors from 1993 to 2017. He was a Board Member in Enersense International Oyj from 2020 to 2021. In addition, he has been on the Board of approximately 50 companies.

Kankaala is independent of the company, but not of its major shareholders. He owns 21.2% of Andament Group Oy that is a major shareholder of the company.

Shareholdings in NYAB Plc:

  • Andament Group Oy: 135 168 994 shares
  • PM Ruukki Oy: 26 500 shares

Johan K Nilsson

Vice Chairman of the Board

Additional information

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(Born 1960)

  • JKN Advokat AB, Board member
  • JKN Advokatbyrå AB, Board member
  • Brf Ingenjören 14, Board member
  • Hubert Best AB, Board member
  • Lundqvist Advokatbyrå AB, Board member

Johan K Nilsson is an attorney who has specialized in construction law and has long-standing experience in legal functions of companies in the construction industry. He has been a corporate lawyer in Peab Group in 2003-2016 and Skanska Group in 1998-2003. In 2013-2016 he was the Chief Legal Officer of Peab Group. He has had positions of trust e.g. as a Board member of Swedish Construction Contract Committee in 2001-2011. Currently, Nilsson operates as the partner of JKN Attorneys, as well as arbitrator and lecturer in matters regarding construction law. He was elected member of NYAB Plc’s Board of Directors in March 2022.

Nilsson is independent of the major shareholders, but not of the company. The attorney firm under his control provides group companies legal services regarding projects that belong to their business operations.

Nilsson owns 109 488 shares in NYAB Plc.

Lars-Eric Aaro

Additional information

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(Born 1956)

  • Luleå Näringsliv, Chairman of the Board
  • Mobilaris AB, Chairman of the Board
  • Norra Skog, Board member
  • WIBAX AB, Board member
  • Predge AB, Board member

Lars-Eric Aaro started as a Board member of NYAB Plc in December 2022. He is a mining engineer (M.Sc.) from Luleå Technical University and holds an Honorary Doctorate in Engineering Science. He was President & CEO at LKAB between 2009-2015 and Executive Vice President & Head of Corporate Sales at AFRY between 2015-2018. Previously he has also worked at Boliden and Outokumpu, among other companies. Currently he has several board and advisory positions in various companies, as well as an extensive business network.

Aaro is independent of the company and its major shareholders.

Jukka Juola

Additional information

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(Born 1969)
Education: Bachelor of Engineering

  • Andament Group Oy and its subsidiaries, Member of the Board
  • Solarigo Systems Oy and Solarigo Oy, Member of the Board
  • Kallastor Oy, Member of the Board
  • Hanhikiven Sähkönmyynti Oy, Member of the Board
  • Steel Group Pohjanmaa Oy, Member of the Board

Jukka Juola was CEO of NYAB Finland Oy between 2020-2022. He has been a partner of Andament Group Oy since 1994 and its CEO from 2001 to 2014 and from 2020. From 2013 to 2017, Juola worked as the CEO of Suomen Maastorakentajat Oy and as the CEO of SL Asfaltti Oy from 2009 to 2013. He was elected member of NYAB Plc’s Board of Directors in March 2022.

Juola is not independent of the company nor its major shareholders. He owns 56.1% of a major shareholder Andament Group Oy and has previously been in operative management of companies that belong to the group.

Shareholdings in NYAB Plc:

  • Jukka Juola: 22 033 shares
  • Kallastor Oy: 1 415 474 shares
  • Andament Group Oy: 135 168 994 shares

Johan Larsson

Additional information

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(born 1980)

  • Holding Investment Förvaltning i Luleå AB, Chairman of the Board
  • Bingab Barents Investment Group AB, Board member
  • Barents Fastigheter AB, Board member
  • Luleå Business Region AB, Board member

Johan Larsson is an entrepreneur from Luleå, who was the CEO of group company NYAB Sverige AB between 2012-2022, and was appointed CEO of NYAB Plc on 1 April 2022. He has been an entrepreneur in several growth companies in different industries and a board member in almost 30 companies. He is the founder of SkartaNYAB Plc’s largest shareholder Holding Investment Förvaltning i Luleå AB and an investment company Barents Investment Group AB and has positions of trust e.g. as the Board member of Luleå Business Region. He was elected member of NYAB Plc’s Board of Directors in March 2022.

Larsson is not independent of the company nor its major shareholders. He owns 50% of a major shareholder Holding Investment Förvaltning I Luleå AB and belongs to the operative management of the group.

Shareholdings in NYAB Plc:

  • Johan Larsson: 255 000 shares
  • Bingab Barents Investment Group AB: 175 000 shares
  • Holding Investment Förvaltning i Luleå AB (Larsson’s ownership 50%): 241 217 200 shares

Mikael Ritola

Additional information

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(Born 1989)

  • Holding Investment Förvaltning i Luleå AB, Board member
  • OLARIT Invest AB, Board member

Mikael Ritola is the CEO of group comany NYAB Finland Oy and founding partner of NYAB Plc’s largest shareholder, Holding Investment Förvaltning I Luleå AB. He has a wide experience in entrepreneurship and management, as well as building profitable growth in construction and infrastructure industries. He was elected member of NYAB Plc’s Board of Directors in March 2022.

Ritola is not independent of the company nor its major shareholders. He owns 50% of a major shareholder Holding Investment Förvaltning I Luleå AB and belongs to operative management of the group.

Shareholdings in NYAB Plc:

  • Mikael Ritola: 186 320 shares
  • Holding Investment Förvaltning i Luleå AB (Ritola’s ownership 50%): 241 217 200 shares

Aarne Simula

Additional information

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(Born 1965)

  • Oulu Chamber of Commerce, Board member
  • Taiga Chemicals Oy, Board member
  • Simula Invest Oy, Chairman of the Board
  • Wetteri Oyj, CEO

Aarne Simula is a business leader from Oulu, who has been an investor in the Aktiiviomistajat consortium since 2017. He has been the CEO of car dealership Wetteri Oy since 2018 and operates actively in international networks of the automotive industry. He has positions of trust e.g. as the Board member of the Oulu Chamber of Commerce. He was elected member of NYAB Plc’s Board of Directors in March 2022.

Simula is independent of the company and its major shareholders.

Shareholdings in NYAB Plc:

  • 2 951 189 shares

Jari Suominen

Additional information

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(Born 1957)
Education: Engineer

Jari Suominen has 40 years of international experience in the field of energy. From 1981 to 2007, he worked for ExxonMobil and from 2007 to 2019 for the St1 Group in various management positions related to fuels, electricity and heat production, responsible for St1’s renewable energy business in Finland, Sweden and Norway. Nowadays, Suominen is the advisor to the CEO of St1. He has served on the Board of Directors of NYAB Plc since July 2021.

Suominen is independent of the company and its major shareholders.

Shareholdings in NYAB Plc:

  • 39 000 shares