Board of Directors
Board of Directors
The Board of Directors is responsible for the governance of Steady Energy and for the proper arrangement of its operations. The Board is also responsible for the appropriate arrangement of the supervision of the company’s accounts and finances.
The principal duty of the Board of Directors is to adopt the company’s strategy and to monitor its implementation to ensure that it enables the achievement of the company’s financial targets and maximises shareholder value. In addition, the Board also takes into consideration, as appropriate, topics such as corporate social responsibility, sustainability and various stakeholders.
Steady Energy does not have a separate internal audit organisation. This is taken into consideration when planning auditing, and the Board may use external experts to conduct separate evaluations of the control environment or control functions.
The Board may establish permanent committees from among its members and define a written charter for each committee. The Board may in individual cases appoint ad hoc committees for preparation of a specific matter. The Board does not have any committees at present.
Election of Board members add
The Board of Directors of the company consists of at least five (5) and at most seven (7) ordinary members. At least one of the members of the Board of Directors shall be independent from the company, its senior management, and any significant shareholder.
The Board of Directors elects a Chair from among its members, unless the General Meeting has appointed one. Unless the General Meeting has appointed a deputy Chair from among the members of the Board, the Board may elect one.
Tuomo Vähäpassi, Carl Bruun, Juha Lindfors, Timo Ahopelto, Risto Virkkala, Tero Ojanperä, Ilkka Paananen, Juha Hulkko, Olli Eklund and Pekka Lundmark (jointly, the “Sponsors”) have the right, by written notice to the company, to appoint two (2) members to the company's Board of Directors. The two Series B shareholder representatives, so-called Sponsor Representatives, are included in the count of ordinary members of the Board of Directors, and the General Meeting appoints the other three to five ordinary members.
The Sponsors shall also have the right to remove any Sponsor Representative serving as a member of the Board, and to appoint a new Sponsor Representative to replace any Sponsor Representative who is unable to serve as a member of the Board for any reason, or whose membership of the Board terminates. The Sponsors are not permitted to appoint as Sponsor Representative any individual who would be prohibited or disqualified from serving as a member of the Board of Directors pursuant to any applicable rules or regulations of Nasdaq Helsinki or pursuant to the Finnish Companies Act.
The right of appointment by the Sponsors ceases at the end of the first Annual General Meeting held after 1 October 2028, upon which five to seven members of the Board of Directors shall be appointed by the General Meeting in accordance with the rules of the Finnish Companies Act.
Diversity of the Board add
The company’s long-term objective is to achieve a more balanced representation of diversity, taking into account criteria such as age, educational and international background, professional expertise, and experience from relevant industrial sectors as well as a representation of both genders. As means to achieve the aforesaid objective, the Board seeks to include representatives of both genders in the director candidates search and evaluation process.
Proposed Board of Directors effective as of the completion of the IPO
Pekka Lundmark
Chair of the Board
Chair and Member of the Board since 2026
Born 1963, male
M. Sc. in Technical Physics, Information Systems and International marketing
Independent of the company, its management and its major shareholders
Background add
Work history:
President and CEO of Nokia Oyj in 2020–2025, Special Advisor in 2025
President and CEO of Fortum in 2015–2020
President and CEO of Konecranes in 2005–2015
President and CEO of Hackman Abp in 2002–2004
Managing Partner of Startupfactory in 2000–2002
Various positions at Nokia Oyj in 1990–2000
Field Engineer at VIA Information Systems in 1985–1990
Positions of trust:
Chairman of the Board of Directors of Telenor Connexion AB since 2026
Member of the Board of Directors of Qutwo Oy and Finnish Athletics ry since 2026
Member of the Board of Directors of Qmill Oy since 2025
Chairman of the Board of Directors of Vilomark Oy Ab and Vilamera Oy Ab since 2025
Timo Ahopelto
Board member
Member of the Board since 2025, Chair of the Board 2023–2025
Born 1975, male
M. Sc. in Industrial Engineering and Management
Independent of the company and its management but not of its major shareholders
Background add
Work history:
Founding partner of Lifeline Ventures since 2009, as well as Chair of the Board of Directors of Lifeline Ventures Investment VI GP Oy since 2025; Chair of the Board of Directors of Lifeline Ventures GP V Oy since 2023; Chair of the Board of Directors of LLV Fund Management Oy and Lifeline Ventures GP IV Oy since 2019; member of the Board of Directors of Lifeline Ventures GP III Oy and as Chair of the Board of Directors of Lifeline Ventures GP II Oy since 2017; member of the Board of Directors of Lifeline Ventures GP I Oy and as a deputy member of the Board of Directors of Lifeline Ventures Fund Management Oy since 2012.
CEO and member of the Board of Directors of TA Ventures Oy, a company under his control, since 2009
Head of Strategy and Business Development at Blyk Services Oy in 2007–2009
Founder, CEO and Commercial Director of CRF Box Oy (CRF Health) in 2000–2007
Consultant at McKinsey & Company in 1999–2000
Positions of trust:
Member of the Board of Directors of Slush Oy, since 2026
Chair of the Board of Directors of Elea & Lili Oy since 2026
Deputy member of the Board of Directors of Proteins.1 Oy since 2026
Member of the Board of Directors of Clairvoyant Oy since 2025
deputy member of the Board of Directors of Huuva Oy since 2025
Chair of the Board of Directors of TimeGate Instruments Oy since 2024
Member of the Board of Directors of Sensofusion Oy, DEEP Measures Oy and Arctic Instruments Oy since 2024
Chair of the Board of Directors of Haypoint Oy since 2023
Member of the Board of Directors of Nokia Oyj, Origin by Ocean Oy and Ambio Oy since 2023
Member of the Board of Directors of Droppe Oy and Järvenpää Ventures Oy since 2022
Chair of the Board of Directors of Canatu Oyj since 2021
Member of the Board of Directors of Koherent Oy since 2020
Member of the Board of Directors of Yksityisyrittäjäin Säätiö sr since 2019
Member of the Board of Directors of Dispelix Oy since 2016 and Oura Health Oy since 2018
Member of the Board of Directors of TILT Biotherapeutics Oy since 2013
Member of the Board of Directors of Tehtaankadun Tukikohta Oy since 2010 and as its Chair since 2016
Member of the Board of Directors of Digital Workforce Services Oyj in 2016–2025 and as its Chair in 2016–2022
member of the Board of Directors of Suomen Urheilun Tukisäätiö and P2X Solutions Oy in 2021–2024
Member of the Board of Directors of Human Engineering Health Oy Inc. and Veri in 2020–2024
Member of the Board of Directors of Maplet Oy in 2019–2023
Member of the Board of Directors of Medix Biochemica Group Oy in 2018–2023
Member of the Board of Directors of TietoEVRY Oyj in 2017–2023 and as its Vice Chair in 2021
Member of the Board of Directors of Slush Oy in 2014–2023 and as its Chair in 2018–2023
Member of the Board of Directors of Sooma Oy in 2013–2023
Member of the Board of Directors of Front AI Oy and Uuden Lastensairaalan Tukisäätiö sr in 2019–2022
Chair of the Board of Directors of Curious AI Oy and as a member of the Board of Directors of Prodeko Ventures Oy in 2015–2021
Chirayu Batra
Board member
Member of the Board since 2025
Born 1987, male
M. Sc. in Nuclear Energy
Independent of the company and its management but not of its major shareholders
Background add
Work history:
Member of the Executive Board of 92 Capital ApS and 92 Capital General Partner ApS since 2025
Member of the Executive Board of 92 Research ApS since 2024
Owner of tensorField ApS since 2024 and tensorField Pte. Ltd since 2022
Leadership roles at the International Atomic Energy Agency (IAEA) in 2015–2022, Lucid Catalyst in 2022–2024 and TerraPraxis in 2022–2024
Positions of trust:
Partner and Co-founder at 92 Capital – Nuclear Fund since 2025
Board Member of Blykalla since 2024
Juha Juntunen
Board member
Member of the Board since 2026
Born 1973, male
B. Sc. in Engineering
Independent of the company, its management and its major shareholders
Background add
Work history:
Partner at Jtel Oy since 2025
Chief Operating Officer at Ilmatar Oy in 2023–2024
Chief Executive Officer at Oulun Energia Group in 2020–2023
Chief Operating Officer at Technopolis Plc in 2014–2019; Director, Finnish Operations and Group Sales & Marketing at Technopolis Plc in 2013; Director, Oulu Operations at Technopolis Plc in 2010–2012; Sales Director at Technopolis Plc in 2008–2009, and Area Manager at Technopolis Plc in 2004–2008
Manager International Operations at ALMA Software in 2000–2004
System Engineer at ABB Automation in 1999–2000
Positions of Trust:
Member of the Board of Directors of NTRN Energy OÜ since 2026
Member of the Board of Directors of Qboreal Oy since 2026
Member of the Board of Directors of SATO Oyj since 2025
Partner and Member of the Board of Directors of Norscale Oy since 2025
Chair of the Board of Directors of Vantaan Valo GP Oy since 2021
Honorary Consul of Sweden in 2016–2024
Chair of the Board of Directors of Syklo Oy in 2022–2023
Member of the Board of Directors of Pohjolan Voima in 2022–2023
Member of the Board of Directors of Kosolankankaan tuulivoimapuisto Oy in 2021–2023
Member of the Board of Directors of Pasaatti Holding Oy in 2021–2023
Member of the Board of Directors of Kolsin Voima in 2020–2023
Member of the Board of Directors of Voimapato in 2020–2023
Member of the Board of Directors of Oomi Energia in 2020–2023
Chair of the Board of Directors of Ensin Palvelut in 2020–2023
Member of the Board of Directors of Finnish Energy in 2019–2021
Petteri Tenhunen
Board member
Member of the Board since 2023
Born 1979, male
Master of Laws
Not independent of the company or its management but is independent of its major shareholders
Background add
Work history:
Chief Legal Officer, co-founder, and a member of the Management Team at Steady Energy since 2023
Co-Founder of Suomen Tunnistetieto Oy
Partner at Smartius Oy since 2014 (currently non-practicing)
Head of Legal Affairs (OL1, OL2 and OL4) for Teollisuuden Voima Oyj (TVO) and Posiva Oy in 2012–2018
Legal Counsel at Fondia in 2010–2011
Legal Counsel at Ernst & Young in 2006–2010
Associate Lawyer at Roschier, Attorneys Ltd in 2005–2006
Positions of trust:
Chair or Member of the Board of Smartius Oy in 2018–2023
Chair of the Board of Suomen Tunnistetieto 2017–2024
Board member of several growth companies
