Australia
Austria
Belgium
China
Czech Republic
Denmark
Estonia
Finland
France
Germany
Hungary
India
Ireland
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Japan
Kazakhstan
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Lithuania
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UK
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President and CEO of the parent company
The President and CEO of the parent company is elected by the Board of Directors. In accordance with the Finnish Companies Act, the President and CEO is in charge of the day-to-day management of the Company in accordance with instructions and orders issued by the Board of Directors. In addition, the President and CEO ensures that the bookkeeping of the Company complies with the law and that its asset management is arranged in a reliable way.
The President and CEO of the parent company manages the Group’s business operations through the Business divisions. Accordingly, the executives responsible for the Business divisions report to the President and CEO. The President and CEO carries out the steering and supervision of the operations of the Business divisions with the assistance of the Orion Executive Team and the Group-level functions.
Orion Executive Team
The Executive Team includes the President and CEO as Chair, and persons appointed by the Board of Directors of the parent company as members. The Executive Team functions as a body assisting the President and CEO in decision-making.
The Executive Team handles all the most significant issues relating to the operations of the Group, including all issues referred to be handled by the Board of Directors of the parent company from the Business divisions or Group-level function.
Group-level functions
The Group-level functions are part of the management and supervision system, contributing within their responsibility areas to the guidance and oversight of Group units’ operations. In this task, the Group-level functions assist the President and CEO in the management of the Group.
Business divisions and Group level-functions
The business operations of the Group are organised into Business divisions. Each Business division is managed by an executive responsible for both the operations of the unit and its operative management, who reports to the President and CEO.
The Business divisions of the Group are:
- Animal Health
- Branded Products
- Fermion (belongs to Global Operations)
- Generics and Consumer Health
- Innovative Medicines.
The Group-level functions operate within their designated areas of responsibility supporting all the Business divisions of the Group and providing the Business divisions the services required. The Group-level functions are as follows:
- Corporate Functions
- Finance & Strategy
- Global Operations
- People & Culture
- Research & Development
- Quality Management.
Administration of legal entities
From the point of view of business operations, the Group subsidiaries adhere to the established Group’s management system. In matters not directly belonging to any Business division or Group-level function, the subsidiaries operate directly in accordance with the instructions by the President and CEO of the parent company. Also subsidiaries not directly related to any Business (such as real-estate companies) operate directly in accordance with instructions of the President and CEO of the parent company.