Deputy Managing Director (Alternate Managing Director)

The board of directors may appoint a deputy managing director provided that the company has an acting managing director or a one is appointed simultaneously. Articles of the association may include a provision that requires a deputy managing director is appointed.

Persons may still be appointed as executive vice presidents (in Finnish: varatoimitusjohtaja) although the Limited Liability Companies Act does not contain this title. One of the executive vice presidents has to be appointed as deputy managing director if the board wants such person to substitute the managing director, when necessary, without a separate appointment decision of the board of directors. Such a person shall also be entered into the Trade Register as deputy managing director.

The deputy managing director takes care of the duties of the managing director after the appointment of the managing director has ended or while the managing director himself/herselfis temporarily prevented from attending her/his duties. The same provisions applicable to the managing director apply also to the deputy managing director, for instance as regards qualification for the position. Operational provisions pertaining to the managing director, such as provisions on the right of representation and disqualification, are applied to the deputy managing director when he/she acts in the position of the managing director.