Executive Bio
Mr. Timo J. Ihamuotila has been the Chief Financial Officer at ABB Ltd. since April 1, 2017. Mr. Ihamuotila has 26 years of experience in the communications and banking sector and has deep experience in areas as finance, controlling, mergers & acquisitions, commercial and general management. He served as an Advisor of Nokia Corporation from December 31, 2016 to February 28, 2017. He served as Group Chief Financial Officer of Nokia Corporation from September 01, 2011 to December 2, 2015 and as its Chief Financial Officer from December 2, 2015 to December 31, 2016, Executive Vice President of Sales from 2008 to November 1, 2009, Executive Vice President from September 01, 2011 to December 2, 2015, Interim President from September 2013 to May 01, 2014, Director of Corporate Finance from 1999 to 2000, Vice President of Finance and Corporate Treasurer from 2000 to 2004. He served as the Head/Executive Vice President of Sales and Portfolio Management for Nokia's Mobile Phones business group from May 1, 2007. He served as a Senior Vice President of Nokia's CDMA Business Unit from 2004 to 2007. He served as the Chairman of Leadership Team at Nokia Corporation (Also known as Nokia Group) since September 2013. He served as a Vice President of Nordic Derivatives Sales at Citibank plc from 1996 to 1999. He served as a Manager of Dealing & Risk Management at Nokia from 1993 to 1996. He served as an Analyst of Assets and Liability Management at Kansallis Bank from 1990 to 1993. He served as the Head of Nokia Treasury. He joined Nokia Corporation in 1993 and rejoined in 1999. He serves as the Chairman of the Nokia Pension Foundation. He has been a Member of the Nokia Leadership Team since 2007. He has been a Director of Nokia Siemens Networks Oy and Nokia Solutions and Networks Oy since 2007 and Alcatel-Lucent since January 8, 2016. He served as a Director of Uponor Oyj from March 18, 2013 to March 21, 2017. He serves as a Member of the Board of Directors of Central Chamber of Commerce of Finland. He has been a Member of Nokia Networks since November 2009. He served as a Director of OMX AB since 2003. Mr. Ihamuotila holds a Master of Science in Economics from Helsinki School of Economics and Licentiate of Science in Finance from Helsinki School of Economics, having completed all doctoral courses in Finance.
Chief Financial Officer Impact on Finance Department's Culture
Timo J. Ihamuotila holds the highest position within the Finance department at ABB Ltd ā Chief Financial Officer, and therefore has influence on the culture of the Finance department. The average employee described daily life within the Finance department as a Comfortably fast paced and challenging 12 hour day, stating that they are happy with their work life balance. Employees within ABB Ltd's Finance department are not invested in ABB Ltd's goals, and feel as though there is not space for career growth.
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