Corporate governance

The implementation of good corporate governance at Algol Chemicals Oy is supported by the Algol Group’s Code of Business Conduct.

Line of business: Wholesale trade of industrial chemicals

Managing Director

Kalle Kettunen, M.Sc. (Tech.), MBA.

    The Board of Directors

    Alexander Bargum

    Alexander Bargum, Chairman of the Board

    Member of the Board since 2011

    • Year of birth: 1975
    • Education: Master of Laws, LL.M.
    • Full-time position: Algol Oy, CEO since 2012
    • Previous full-time positions: Hannes Snellman Attorneys at Law Ltd, associate lawyer and partner
    • Current and previous elected positions and other part-time positions: Arcada University of Applied Sciences, Chair of the Board; German-Finnish Chamber of Commerce (AHK Finnland), Chair of the Board; EK – Confederation of Finnish Industries, Deputy Chair of the Entrepreneurs’ Delegation; Association of Finnish Foundations, Member of the Board; Finnish Family Firms Association, Chair of the Board; Association of ​Finnish Technical Traders​, Deputy Chair of the Board
    Johannes Bargum

    Johannes Bargum

    Member of the Board since 2025

    • Year of birth: 1979
    • Education: QBA
    • Full-time position: Algol Oy, Manager, Real Estate and Facilities since 2012
    • Previous full-time positions: Various tasks within Algol Oy
    Joakim Flinck

    Joakim Flinck

    Member of the Board since 2023

    • Year of birth: 1976
    • Education: M.Sc. (Finance)
    • Full-time position: Algol Oy, CFO since 2019, Deputy CEO since 2020
    • Previous full-time positions: PAROC Group, Director, Group Finance, and Group Treasurer
    • Current and previous elected positions and other part-time positions: Stiftelsen Svenska Blindgården, Chair of the Board; Stiftelsen Sedmigradsky sr, Chair of the Board; Nylands Brigads Gille, Chair of the Board; Fonden Stensböle Minnen (Swedish Cultural Foundation in Finland), Deputy Chair of the Board; Association of ​Finnish Technical Traders, Chair of the Finance Committee
    Johan Grön

    Johan Grön

    Member of the Board since 2019

    • Year of birth: 1966
    • Education: D.Sc. (Chemical Engineering)
    • Full-time position: Lamor Corporation Plc, CEO since 2023
    • Previous full-time positions: Lamor Corporation Plc, COO; Gasum, Vice President; Outotec Corporation, Senior Vice President; Xylem Inc, CTO; Kemira, Executive Vice President
    • Current and previous elected positions and other part-time positions: BMH Technology Oy, Member of the Board; DEWACO Oy, Member of the Board; Lamor Recycling Oy, Chair of the Board; Enefit Outotec Technology OÜ, Deputy Chair of the Board; Kotkamills Oy, Member of the Board
    Petri Helsky

    Petri Helsky

    Member of the Board since 2019

    Tuuli Luoma

    Tuuli Luoma

    Member of the Board since 2025

    • Year of birth: 1980
    • Education: M.Sc. (Econ.)
    • Full-time position: Kesko Oyj, Purchasing and Sales Director
    • Previous full-time positions: Kesko Oyj, Director, Sales and Own Brands, Export Director
    • Current and previous elected positions and other part-time positions: AMS Sourcing B.V, Operational Member of the Board; EK – Confederation of Finnish Industries, Member of the Trade Policy Delegation; Finnish Commerce Federation, Chair of the Trade Policy Delegation

    Board members Johan Grön, Petri Helsky and Tuuli Luoma are independent of the company and its significant shareholders. Joakim Flinck is independent of the company’s significant shareholders.

    The responsibilities of the Boards of Directors of subsidiaries cover the following:

    • Appointing the company's Managing Director; matters related to the remuneration of senior management.
    • Compensation scheme (within the overall framework set by the Group).
    • Short-term and long-term strategic operational goals and actions, as well as monitoring and addressing deviations in these goals and actions.
    • Annual financial targets, taking into consideration the owner’s expectations, as well as monitoring and addressing deviations in these targets.
    • Analysis and monitoring of business risks and opportunities.
    • Regular contacts with the Managing Director and the company's other operational management.
    • Strategic investment initiatives and their preparation for processing by the parent company.
    • Stakeholder issues (such as customer satisfaction, developing the portfolio of principals, HR issues, etc.).
    • Monitoring compliance with policies and guidelines set by the Board of Directors of the parent company.

    The subsidiaries of Algol Chemicals

    Algol Chemicals has subsidiaries in several countries. These subsidiaries comply not only with the Algol Group’s Code of Business Conduct, but also with national legislation within their countries.

    The subsidiaries are 

    • Algol Chemicals AB (Sweden)
    • Algol Chemicals AS (Norway)
    • Algol Chemicals ApS (Denmark)
    • Algol Chemicals OÜ (Estonia)
    • Algol Chemicals SIA (Latvia)
    • UAB Algol Chemicals (Lithuania)
    • IOOO Algol Chemicals (Belarus)
    • TOV Algol Chemicals (Ukraine)
    • Algol Chemicals India Pvt. Ltd. (India)