Ole Johansson

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Person.png Ole Johansson  Rdf-entity.pngRdf-icon.png
Ole Johansson.jpg
Born16 June 1951
Alma materHanken School of Economics
Finnish businessman who attended Bilderberg/2011 as head of the Confederation of Finnish Industries.

Ole Henrik Johansson is a Finnish business manager. He had a long career at Wärtsilä, which manufactures and services power sources and other equipment in the marine and energy markets, serving as its Group CEO in 2000–2011. Since then, Johansson has served as chairman of the board of eQ Bank.


Johansson graduated with a degree in economics from the Swedish-speaking Hanken School of Economics in 1974.


He worked for the Wärtsilä Group as early as 1975–1979 and again from 1981. In 2007–2009, he served as the chairman of the board of the Federation of Finnish Technology Industries.

Finnish Confederation of Business

Johansson became the chairman of the Confederation of Finnish Industries (EK) in 2011.[1] As chairman of the Board of Technology Industry, he had been dissatisfied with the relatively high salary increases and the large number of strikes in the union rounds (in the years 2010–2011, the strike balance was a total of 471,000 working days). After being elected as the chairman of the board of EK, he set the goal of salary increases that are more agreeable from the point of view of the employer.

After long negotiations, Johansson was about to approve the framework agreement, which was concluded between the labor market organizations in the fall of 2011. According to him, the agreement avoided wage competition, and thus did not weaken Finland's wage competitiveness. Johansson stated in December 2011 that "a record-breaking comprehensive framework agreement was finally created".[2] Among other things, the Minister of Economic Affairs Jyri Häkämies said during the framework agreement negotiations that a framework agreement should be tried, because it could secure both the competitiveness of industry and purchasing power.[3] After signing the agreement, Prime Minister Jyrki Katainen considered the framework agreement to be historically comprehensive, because the government has accepted the countermeasures it promised, in for example corporate taxation and compensation for layoff time.

Chairman of Outokumpu

In the years 2008–2013, Johansson was the chairman of the board of mining and stainless steel producer Outokumpu Oy.[4] In 2011, he dismissed Juha Rantanen from the CEO position and appointed Mika Seitovirra as his replacement.[5] Outokumpu's share price fell by 90 percent between 2008 and 2012.[6]

At the beginning of 2012, Outokumpu announced a large 2.7 billion euro acquisition with the German Thyssen Krupp. The deal did not go as expected, as the European Commission required Outokumpu to sell the central factory in Terni, Italy, for competitive reasons.[7] The failure of the strategy led to a fall in Outokumpu's stock prices and a fall in the market value of the Finnish state ownership by more than 100 million euros. In January 2013, Johansson left the position of chairman of the board and was replaced by Jorma Ollila.


Event Participated in

Bilderberg/20119 June 201112 June 2011Switzerland
Hotel Suvretta
St. Moritz
59th meeting, in Switzerland, 129 guests