Nokia Oyj insider transactionsHelsinki
LEI 549300A0JPRWG1KI7U06 · XHEL · FI · Business ID 0112038-9
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12-month buy/sell summary
€3,227,403.51 bought€2,030,989.23 sold
Open-market buys: 17Sales: 6Share awards: 32
Recent insider sentiment
Net buying — last 90 days
€575,682.37 boughtNo sales
Share-award batches are excluded from this read — they’re compensation, not conviction.
5 coordinated purchases are also excluded from this read — a scheduled or coordinated batch isn't a discretionary decision.
2
Open-market buys (90d)
0
Sales (90d)
4
Share awards (90d)
10
Active insiders (90d)
Transactions
| Date | Person | Transaction type | Volume | Price | Value | Source |
|---|---|---|---|---|---|---|
| 15.10.2026 | Pallavi Mahajan — Management | Share award | 35,192 | — | Share award 35,192 shares | ↗ |
| 15.10.2026 | Patrik Hammarén — Management | Share award | 8,505 | — | Share award 8,505 shares | ↗ |
| 15.10.2026 | Konstanty Owczarek — Management | Share award | 45,275 | — | Share award 45,275 shares | ↗ |
| 15.10.2026 | David Heard — Management | Share award | 35,110 | — | Share award 35,110 shares | ↗ |
| 13.08.2026 | Stephan Prosi — Management | Bought via share planEmployee share plan | 251 | €9.09 | €2,281.84 | ↗ |
| 13.08.2026 | David Heard — Management | Bought via share planEmployee share plan | 1,171 | €9.09 | €10,645.56 | ↗ |
| 13.08.2026 | Raghav Sahgal — Management | Bought via share planEmployee share plan | 2,890 | €9.09 | €26,272.99 | ↗ |
| 13.08.2026 | Victoria Hanrahan — Management | Bought via share planEmployee share plan | 6 | €9.09 | €54.55 | ↗ |
| 13.08.2026 | Louise Fisk — Management | Bought via share planEmployee share plan | 262 | €9.09 | €2,381.84 | ↗ |
| 29.07.2026 | Kristen Pressner — Management | Bought — open marketAcquisition | 66,324 | €7.84 | €519,993.42 | ↗ |
| 29.07.2026 | Mikko Hautala — Management | Bought — open marketAcquisition | 7,103 | €7.84 | €55,688.94 | ↗ |
| 24.07.2026 | Pallavi Mahajan — Management | Bought — open marketAcquisition | 62,000 | USD 9.55 | USD 592,100.00 | ↗ |
| 24.07.2026 | Patrik Hammarén — Management | Bought — open marketAcquisition | 43,293 | €8.44 | €365,479.51 | ↗ |
| 24.07.2026 | Timo Ihamuotila — Board member | Bought — open marketAcquisition | 60,000 | €8.45 | €507,132.00 | ↗ |
| 09.07.2026 | Louise Fisk — Management | Share award | 35,088 | — | Share award 35,088 shares | ↗ |
| 09.07.2026 | Mikko Hautala — Management | Share award | 25,401 | — | Share award 25,401 shares | ↗ |
| 09.07.2026 | Victoria Hanrahan — Management | Share award | 2,400 | — | Share award 2,400 shares | ↗ |
| 09.07.2026 | Raghav Sahgal — Management | Share award | 384,402 | — | Share award 384,402 shares | ↗ |
| 09.07.2026 | Stephan Prosi — Management | Share award | 18,326 | — | Share award 18,326 shares | ↗ |
| 09.07.2026 | David Heard — Management | Share award | 184,900 | — | Share award 184,900 shares | ↗ |
| 09.07.2026 | Esa Niinimäki — Management | Share award | 85,526 | — | Share award 85,526 shares | ↗ |
| 09.07.2026 | Patrik Hammarén — Management | Share award | 7,237 | — | Share award 7,237 shares | ↗ |
| 09.07.2026 | Marco Wirén — CFO | Share award | 122,656 | — | Share award 122,656 shares | ↗ |
| 28.05.2026 | Victoria Hanrahan — Management | Bought — open marketAcquisition | 44,682 | USD 15.60 | USD 696,967.71 | ↗ |
| 28.05.2026 | Victoria Hanrahan — Management | Bought — open marketAcquisition | 21,969 | USD 15.60 | USD 342,681.25 | ↗ |
| 26.05.2026 | Konstanty Owczarek — Management | Bought — open marketAcquisition | 37,405 | USD 15.99 | USD 598,023.66 | ↗ |
| 26.05.2026 | Victoria Hanrahan — Management | Bought — open marketAcquisition | 22,713 | USD 16.02 | USD 363,814.56 | ↗ |
| 22.05.2026 | Konstanty Owczarek — Management | Bought — open marketAcquisition | 32,595 | USD 15.35 | USD 500,193.09 | ↗ |
| 15.05.2026 | Stephan Prosi — Management | Bought via share planEmployee share plan | 181 | €12.09 | €2,187.86 | ↗ |
| 15.05.2026 | Raghav Sahgal — Management | Bought via share planEmployee share plan | 1,344 | €12.09 | €16,245.73 | ↗ |
| 15.05.2026 | Louise Fisk — Management | Bought via share planEmployee share plan | 121 | €12.09 | €1,462.60 | ↗ |
| 15.05.2026 | David Heard — Management | Bought via share planEmployee share plan | 482 | €12.09 | €5,826.22 | ↗ |
| 04.05.2026 | Timo Ahopelto — Board member | Share award | 7,278 | — | Share award 7,278 shares | ↗ |
| 04.05.2026 | Lisa Hook — Board member | Share award | 7,278 | — | Share award 7,278 shares | ↗ |
| 04.05.2026 | Timo Ihamuotila — Board member | Share award | 15,770 | — | Share award 15,770 shares | ↗ |
| 04.05.2026 | Mike McNamara — Board member | Share award | 7,278 | — | Share award 7,278 shares | ↗ |
| 04.05.2026 | Elizabeth Crain — Board member | Share award | 7,625 | — | Share award 7,625 shares | ↗ |
| 04.05.2026 | Thomas Dannenfeldt — Board member | Share award | 7,971 | — | Share award 7,971 shares | ↗ |
| 04.05.2026 | Thomas Saueressig — Board member | Share award | 7,278 | — | Share award 7,278 shares | ↗ |
| 04.05.2026 | Meredith Whittaker — Board member | Share award | 6,758 | — | Share award 6,758 shares | ↗ |
| 04.05.2026 | Pernille Erenbjerg — Board member | Share award | 7,798 | — | Share award 7,798 shares | ↗ |
| 04.05.2026 | Kai Öistämö — Board member | Share award | 7,451 | — | Share award 7,451 shares | ↗ |
| 29.04.2026 | Stephan Prosi — Management | SoldDisposal | 15,000 | €10.05 | €150,675.00 | ↗ |
| 28.04.2026 | Timo Ihamuotila — Board member | Bought — open marketAcquisition | 50,000 | €9.10 | €454,805.00 | ↗ |
| 28.04.2026 | Justin Hotard — CEO | Bought — open marketAcquisition | 84,404 | €9.15 | €772,102.47 | ↗ |
| 10.04.2026 | David Heard — Management | Share award | 65,123 | — | Share award 65,123 shares | ↗ |
| 19.03.2026 | Thomas Dannenfeldt — Board member | SoldDisposal | 33,500 | €6.99 | €234,312.40 | ↗ |
| 10.03.2026 | Raghav Sahgal — Management | SoldDisposal | 150,000 | €6.71 | €1,006,080.00 | ↗ |
| 19.02.2026 | Louise Fisk — Management | Bought via share planEmployee share plan | 174 | €6.30 | €1,096.46 | ↗ |
| 19.02.2026 | David Heard — Management | Bought via share planEmployee share plan | 251 | €6.30 | €1,581.68 | ↗ |
| 19.02.2026 | Raghav Sahgal — Management | Bought via share planEmployee share plan | 2,391 | €6.30 | €15,066.89 | ↗ |
| 10.02.2026 | David Heard — Management | Share award | 352,752 | — | Share award 352,752 shares | ↗ |
| 30.01.2026 | Timo Ihamuotila — Board member | Bought — open marketAcquisition | 100,000 | €5.37 | €537,400.00 | ↗ |
| 14.01.2026 | Marco Wirén — CFO | Share award | 35,987 | — | Share award 35,987 shares | ↗ |
| 14.01.2026 | Louise Fisk — Management | Share award | 14,151 | — | Share award 14,151 shares | ↗ |
| 14.01.2026 | David Heard — Management | Share award | 81,230 | — | Share award 81,230 shares | ↗ |
| 14.01.2026 | Raghav Sahgal — Management | Share award | 89,000 | — | Share award 89,000 shares | ↗ |
| 14.01.2026 | Patrik Hammarén — Management | Share award | 9,120 | — | Share award 9,120 shares | ↗ |
| 14.01.2026 | Esa Niinimäki — Management | Share award | 28,784 | — | Share award 28,784 shares | ↗ |
| 13.11.2025 | Tommi Uitto — Management | Bought — open marketAcquisition | 5 | €6.06 | €30.29 | ↗ |
| 13.11.2025 | Raghav Sahgal — Management | Bought — open marketAcquisition | 2,192 | €6.06 | €13,283.74 | ↗ |
| 13.11.2025 | Louise Fisk — Management | Bought — open marketAcquisition | 135 | €6.06 | €818.11 | ↗ |
| 30.10.2025 | Patrik Hammarén — Management | Share award | 7,824 | — | Share award 7,824 shares | ↗ |
| 29.10.2025 | Tommi Uitto — Management | SoldDisposal | 57,589 | €6.32 | €364,077.66 | ↗ |
| 29.10.2025 | Piia Susanna Martikainen — Management | SoldDisposal | 12,417 | €6.45 | €80,070.78 | ↗ |
| 28.10.2025 | Piia Susanna Martikainen — Management | SoldDisposal | 35,686 | €5.49 | €195,773.40 | ↗ |
| 27.10.2025 | Tommi Uitto — Management | Bought — open marketAcquisition | 125 | €5.36 | €670.03 | ↗ |
| 07.10.2025 | David Heard — Management | Share award | 65,122 | — | Share award 65,122 shares | ↗ |
| 28.08.2025 | Tommi Uitto — Management | Share award | 323 | — | Share award 323 shares | ↗ |
| 28.08.2025 | Patrik Hammarén — Management | Share award | 323 | — | Share award 323 shares | ↗ |
| 14.08.2025 | Raghav Sahgal — Management | Bought via share planEmployee share plan | 3,108 | €3.58 | €11,124.46 | ↗ |
| 14.08.2025 | Louise Fisk — Management | Bought via share planEmployee share plan | 303 | €3.58 | €1,084.53 | ↗ |
| 14.08.2025 | Nishant Batra — Management | Bought via share planEmployee share plan | 2,864 | €3.58 | €10,251.12 | ↗ |
| 14.08.2025 | Tommi Uitto — Management | Bought — open marketAcquisition | 6 | €3.58 | €21.46 | ↗ |
| 14.08.2025 | Patrik Hammarén — Management | Bought — open marketAcquisition | 5 | €3.58 | €17.88 | ↗ |
| 12.08.2025 | David Heard — Management | Bought — open marketAcquisition | 816 | USD 4.09 | USD 3,340.84 | ↗ |
| 28.07.2025 | Patrik Hammarén — Management | Bought — open marketAcquisition | 183 | €3.68 | €673.33 | ↗ |
| 28.07.2025 | Tommi Uitto — Management | Bought — open marketAcquisition | 183 | €3.68 | €673.33 | ↗ |
| 08.07.2025 | David Heard — Management | Share award | 59,430 | — | Share award 59,430 shares | ↗ |
| 03.06.2025 | Justin Hotard — CEO | Bought — open marketAcquisition | 609,274 | €4.63 | €2,820,999.55 | ↗ |
| 19.05.2025 | Tommi Uitto — Management | Bought — open marketAcquisition | 5 | €4.59 | €22.94 | ↗ |
| 19.05.2025 | Raghav Sahgal — Management | Bought via share planEmployee share plan | 3,814 | €4.60 | €17,536.39 | ↗ |
| 19.05.2025 | Patrik Hammarén — Management | Bought — open marketAcquisition | 4 | €4.59 | €18.35 | ↗ |
| 19.05.2025 | Federico Guillén — Management | Bought via share planEmployee share plan | 2,385 | €4.60 | €10,965.99 | ↗ |
| 19.05.2025 | Lorna Gibb — Management | Bought via share planEmployee share plan | 160 | €4.60 | €735.66 | ↗ |
| 19.05.2025 | Louise Fisk — Management | Bought via share planEmployee share plan | 234 | €4.60 | €1,075.91 | ↗ |
| 19.05.2025 | Nishant Batra — Management | Bought via share planEmployee share plan | 1,401 | €4.60 | €6,441.66 | ↗ |
| 07.05.2025 | Kai Öistämö — Board member | Share award | 19,178 | — | Share award 19,178 shares | ↗ |
| 07.05.2025 | Thomas Saueressig — Board member | Share award | 17,394 | — | Share award 17,394 shares | ↗ |
| 07.05.2025 | Pernille Erenbjerg — Board member | Share award | 17,840 | — | Share award 17,840 shares | ↗ |
| 07.05.2025 | Lisa Hook — Board member | Share award | 18,732 | — | Share award 18,732 shares | ↗ |
| 07.05.2025 | Timo Ahopelto — Board member | Share award | 18,732 | — | Share award 18,732 shares | ↗ |
| 07.05.2025 | Sari Baldauf — Board member | Share award | 41,478 | — | Share award 41,478 shares | ↗ |
| 07.05.2025 | Mike McNamara — Board member | Share award | 18,732 | — | Share award 18,732 shares | ↗ |
| 07.05.2025 | Timo Ihamuotila — Board member | Share award | 19,624 | — | Share award 19,624 shares | ↗ |
| 07.05.2025 | Elizabeth Crain — Board member | Share award | 19,624 | — | Share award 19,624 shares | ↗ |
| 07.05.2025 | Thomas Dannenfeldt — Board member | Share award | 21,854 | — | Share award 21,854 shares | ↗ |
| 28.04.2025 | Tommi Uitto — Management | Bought — open marketAcquisition | 156 | €4.34 | €677.73 | ↗ |
| 28.04.2025 | Patrik Hammarén — Management | Bought — open marketAcquisition | 156 | €4.34 | €677.73 | ↗ |
| 10.04.2025 | Justin Hotard — CEO | Share award | 321,900 | — | Share award 321,900 shares | ↗ |
| 20.02.2025 | Federico Guillén — Management | Bought via share planEmployee share plan | 1,713 | €4.78 | €8,189.18 | ↗ |
| 20.02.2025 | Raghav Sahgal — Management | Bought via share planEmployee share plan | 2,740 | €4.78 | €13,098.87 | ↗ |
| 20.02.2025 | Tommi Uitto — Management | Bought — open marketAcquisition | 3 | €4.78 | €14.33 | ↗ |
| 20.02.2025 | Patrik Hammarén — Management | Bought — open marketAcquisition | 1 | €4.78 | €4.78 | ↗ |
| 20.02.2025 | Nishant Batra — Management | Bought via share planEmployee share plan | 1,596 | €4.78 | €7,629.85 | ↗ |
| 20.02.2025 | Louise Fisk — Management | Bought via share planEmployee share plan | 168 | €4.78 | €803.14 | ↗ |
| 20.02.2025 | Lorna Gibb — Management | Bought via share planEmployee share plan | 115 | €4.78 | €549.77 | ↗ |
| 04.02.2025 | Tommi Uitto — Management | Bought — open marketAcquisition | 151 | €4.45 | €672.47 | ↗ |
| 04.02.2025 | Patrik Hammarén — Management | Bought — open marketAcquisition | 151 | €4.45 | €672.47 | ↗ |
| 22.01.2025 | Patrik Hammarén — Management | Share award | 9,785 | — | Share award 9,785 shares | ↗ |
| 22.01.2025 | Esa Niinimäki — Management | Share award | 29,378 | — | Share award 29,378 shares | ↗ |
| 22.01.2025 | Piia Susanna Martikainen — Management | Share award | 10,271 | — | Share award 10,271 shares | ↗ |
| 22.01.2025 | Raghav Sahgal — Management | Share award | 89,000 | — | Share award 89,000 shares | ↗ |
| 22.01.2025 | Marco Wirén — CFO | Share award | 36,729 | — | Share award 36,729 shares | ↗ |
| 22.01.2025 | Lorna Gibb — Management | Share award | 11,792 | — | Share award 11,792 shares | ↗ |
| 22.01.2025 | Tommi Uitto — Management | Share award | 44,055 | — | Share award 44,055 shares | ↗ |
| 22.01.2025 | Federico Guillén — Management | Share award | 48,522 | — | Share award 48,522 shares | ↗ |
| 22.01.2025 | Louise Fisk — Management | Share award | 14,151 | — | Share award 14,151 shares | ↗ |
| 22.01.2025 | Nishant Batra — Management | Share award | 78,821 | — | Share award 78,821 shares | ↗ |
| 07.11.2024 | Tommi Uitto — Management | Bought — open marketAcquisition | 3 | €4.27 | €12.80 | ↗ |
| 07.11.2024 | Louise Fisk — Management | Bought via share planEmployee share plan | 117 | €4.28 | €500.37 | ↗ |
| 07.11.2024 | Federico Guillén — Management | Bought via share planEmployee share plan | 1,686 | €4.28 | €7,210.52 | ↗ |
| 07.11.2024 | Nishant Batra — Management | Bought via share planEmployee share plan | 1,418 | €4.28 | €6,064.36 | ↗ |
| 07.11.2024 | Lorna Gibb — Management | Bought via share planEmployee share plan | 74 | €4.28 | €316.48 | ↗ |
| 07.11.2024 | Raghav Sahgal — Management | Bought via share planEmployee share plan | 2,645 | €4.28 | €11,311.87 | ↗ |
| 31.10.2024 | Louise Fisk — Management | Share award | 1,208 | — | Share award 1,208 shares | ↗ |
| 31.10.2024 | Patrik Hammarén — Management | Share award | 498 | — | Share award 498 shares | ↗ |
| 21.10.2024 | Patrik Hammarén — Management | Bought — open marketAcquisition | 156 | €4.32 | €673.35 | ↗ |
| 21.10.2024 | Tommi Uitto — Management | Bought — open marketAcquisition | 156 | €4.32 | €673.35 | ↗ |
| 29.08.2024 | Tommi Uitto — Management | Share award | 358 | — | Share award 358 shares | ↗ |
| 29.08.2024 | Piia Susanna Martikainen — Management | Share award | 358 | — | Share award 358 shares | ↗ |
| 15.08.2024 | Nishant Batra — Management | SoldDisposal | 180,554 | €3.63 | €655,676.43 | ↗ |
| 08.08.2024 | Raghav Sahgal — Management | Bought via share planEmployee share plan | 3,228 | €3.49 | €11,250.23 | ↗ |
| 08.08.2024 | Federico Guillén — Management | Bought via share planEmployee share plan | 2,058 | €3.49 | €7,172.54 | ↗ |
| 08.08.2024 | Lorna Gibb — Management | Bought via share planEmployee share plan | 91 | €3.49 | €317.15 | ↗ |
| 08.08.2024 | Melissa Schoeb — Management | Bought via share planEmployee share plan | 532 | €3.49 | €1,854.13 | ↗ |
| 08.08.2024 | Tommi Uitto — Management | Bought — open marketAcquisition | 11 | €3.46 | €38.02 | ↗ |
| 08.08.2024 | Nishant Batra — Management | Bought via share planEmployee share plan | 2,735 | €3.49 | €9,532.02 | ↗ |
| 23.07.2024 | Piia Susanna Martikainen — Management | Bought — open marketAcquisition | 177 | €3.42 | €605.37 | ↗ |
| 23.07.2024 | Tommi Uitto — Management | Bought — open marketAcquisition | 177 | €3.42 | €605.37 | ↗ |
| 27.06.2024 | Melissa Schoeb — Management | Share award | 12,055 | — | Share award 12,055 shares | ↗ |
| 27.06.2024 | Jenni Lukander — Management | Share award | 5,898 | — | Share award 5,898 shares | ↗ |
| 27.06.2024 | Ricky Corker — Management | Share award | 34,051 | — | Share award 34,051 shares | ↗ |
| 27.06.2024 | Nishant Batra — Management | Share award | 3,659 | — | Share award 3,659 shares | ↗ |
| 27.06.2024 | Piia Susanna Martikainen — Management | Share award | 980 | — | Share award 980 shares | ↗ |
| 27.06.2024 | Pekka Lundmark — CEO | Share award | 55,999 | — | Share award 55,999 shares | ↗ |
| 27.06.2024 | Federico Guillén — Management | Share award | 3,566 | — | Share award 3,566 shares | ↗ |
| 27.06.2024 | Marco Wirén — CFO | Share award | 27,354 | — | Share award 27,354 shares | ↗ |
| 27.06.2024 | Tommi Uitto — Management | Share award | 7,425 | — | Share award 7,425 shares | ↗ |
| 27.06.2024 | Esa Niinimäki — Management | Share award | 3,407 | — | Share award 3,407 shares | ↗ |
| 27.06.2024 | Raghav Sahgal — Management | Share award | 2,609 | — | Share award 2,609 shares | ↗ |
| 30.05.2024 | Melissa Schoeb — Management | Share award | 7,353 | — | Share award 7,353 shares | ↗ |
| 10.05.2024 | Raghav Sahgal — Management | Bought via share planEmployee share plan | 4,219 | €3.51 | €14,820.04 | ↗ |
| 10.05.2024 | Nu Doan Trang Ton — Management | Bought via share planEmployee share plan | 111 | €3.51 | €389.91 | ↗ |
| 10.05.2024 | Melissa Schoeb — Management | Bought via share planEmployee share plan | 556 | €3.51 | €1,953.06 | ↗ |
| 10.05.2024 | Federico Guillén — Management | Bought via share planEmployee share plan | 2,676 | €3.51 | €9,399.96 | ↗ |
| 10.05.2024 | Ricky Corker — Management | Bought via share planEmployee share plan | 2,857 | €3.51 | €10,035.76 | ↗ |
| 10.05.2024 | Nishant Batra — Management | Bought via share planEmployee share plan | 3,564 | €3.51 | €12,519.23 | ↗ |
| 10.05.2024 | Tommi Uitto — Management | Bought — open marketAcquisition | 12 | €3.50 | €42.04 | ↗ |
| 10.05.2024 | Piia Susanna Martikainen — Management | Bought — open marketAcquisition | 29 | €3.50 | €101.60 | ↗ |
| 24.04.2024 | Søren Skou — Board member | Share award | 25,072 | — | Share award 25,072 shares | ↗ |
| 24.04.2024 | Thomas Dannenfeldt — Board member | Share award | 27,351 | — | Share award 27,351 shares | ↗ |
| 24.04.2024 | Elizabeth Crain — Board member | Share award | 25,072 | — | Share award 25,072 shares | ↗ |
| 24.04.2024 | Timo Ahopelto — Board member | Share award | 23,932 | — | Share award 23,932 shares | ↗ |
| 24.04.2024 | Carla Smits-Nusteling — Board member | Share award | 24,502 | — | Share award 24,502 shares | ↗ |
| 24.04.2024 | Kai Öistämö — Board member | Share award | 23,362 | — | Share award 23,362 shares | ↗ |
| 24.04.2024 | Sari Baldauf — Board member | Share award | 52,993 | — | Share award 52,993 shares | ↗ |
Active insiders (90d)
Kristen Pressner
Management
66,324 shares
1 filing
Konstanty Owczarek
Management
45,275 shares
1 filing
David Heard
Management
36,281 shares
2 filings
Pallavi Mahajan
Management
35,192 shares
1 filing
Patrik Hammarén
Management
8,505 shares
1 filing
Insiders on file
Konstanty Owczarek — ManagementPallavi Mahajan — ManagementPatrik Hammarén — ManagementDavid Heard — ManagementRaghav Sahgal — ManagementVictoria Hanrahan — ManagementLouise Fisk — ManagementStephan Prosi — ManagementMikko Hautala — ManagementKristen Pressner — ManagementTimo Ihamuotila — Board memberEsa Niinimäki — ManagementMarco Wirén — CFOTimo Ahopelto — Board memberMike McNamara — Board memberLisa Hook — Board memberThomas Saueressig — Board memberThomas Dannenfeldt — Board memberKai Öistämö — Board memberMeredith Whittaker — Board memberPernille Erenbjerg — Board memberElizabeth Crain — Board memberJustin Hotard — CEOTommi Uitto — ManagementPiia Susanna Martikainen — ManagementNishant Batra — ManagementLorna Gibb — ManagementFederico Guillén — ManagementSari Baldauf — Board memberMelissa Schoeb — ManagementJenni Lukander — ManagementPekka Lundmark — CEORicky Corker — ManagementNu Doan Trang Ton — ManagementCarla Smits-Nusteling — Board memberSøren Skou — Board member