Board Committees

HR and Compensation Committee (HRCC)

The HR and Compensation Committee (HRCC) is a committee of the Board that supports the Board in fulfilling its responsibilities with respect to Human Resources and compensation in the Nammo Group. Topics covered by the committee include:

  • Succession planning
  • Talent development
  • Compensation policy and guidelines for Top management
  • Pension issues

Risk, Audit and Compliance Committee

The Risk, Audit and Compliance Committee (RACC) is a committee of the Board that supports the Board in the fulfillment of its responsibilities by preparing with respect to financial reporting, internal controls, compliance and risk management systems, external auditing matters and business ethics compliance.

Board of Directors

The composition of the Board of Directors for the Nammo Group is determined by its Shareholders Agreement. It stipulates that the board of Nammo AS shall consist of 6 to 8 members. The board shall meet regularly, and at least 4 times a year.

Nammo's owners, the Norwegian Ministry of Trade, Industries and Fisheries and Finnish company Patria Oyj, nominate three board members each, with the position as Chairman alternating between the two owners every year.

The board also has two employee representatives as full members. The employee representatives are elected by the employees in each country in accordance with local procedures.

Board Committees

HR and Compensation Committee (HRCC)

The HR and Compensation Committee (HRCC) is a committee of the Board that supports the Board in fulfilling its responsibilities with respect to Human Resources and compensation in the Nammo Group. Topics covered by the committee include:

  • Succession planning
  • Talent development
  • Compensation policy and guidelines for Top management
  • Pension issues

Risk, Audit and Compliance Committee

The Risk, Audit and Compliance Committee (RACC) is a committee of the Board that supports the Board in the fulfillment of its responsibilities by preparing with respect to financial reporting, internal controls, compliance and risk management systems, external auditing matters and business ethics compliance.

Board Members

Panu Routila

Chair

President & CEO, Patria Oyj.
Nominated by Patria Oyj

Dag Schjerven

Vice chair

Nominated by the Norwegian Ministry of Trade, Industry and Fisheries

Nora Steiner-Forsberg

Board member

EVP Legal and compliance, Wärtsilä.
Nominated by Patria Oyj

Gyrid S. Ingerø

Board Member

Nominated by the Norwegian Ministry of Trade, Industry and Fisheries.

Eivind Kallevik

Board member

President & CEO, Norsk Hydro ASA. Nominated by the Norwegian Ministry of Trade, Industry and Fisheries

Päivi Lindqvist

Board Member

Chief Financial Officer, Patria Oyj
Nominated by Patria Oyj

Marianne Stensrud

Board Member

Vice President of the trade union Fellesforbundet, Nammo Raufoss AS

Jani Sjöman

Board Member

Employee Representative
Nammo Lapua Oy

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Nammo AS

MAIL P.O. Box 142, NO-2831 Raufoss, Norway
VISIT Enggata 40, NO-2830 Raufoss, Norway
EMAIL info@nammo.com
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