About
Timo Ihamuotila was appointed Chief Financial Officer and member of the Executive Committee effective April 2017. From 2009 to 2016 he was chief financial officer and an executive vice president of Nokia Corporation, having held various senior roles at Nokia from 1999. He is a member of the board of SoftwareONE Holding AG and was previously a director of Hitachi Energy Ltd through May 2023. Mr. Ihamuotila was born in 1966 and is a Finnish citizen.
Roles
ABB Ltd
Chief Financial Officer · Current role
April 2017–present
Nokia Corporation
Chief Financial Officer and Executive Vice President
2009 - 2016
Nokia Corporation
Various senior roles
1999 - 2009
Hitachi Energy Ltd
Member of the Board
through May 2023
Helsinki School of Economics
Licentiate of Science, Finance
1996
Helsinki School of Economics
Master of Science, Economics
1991
External Roles
SoftwareONE Holding AG
Member of the Board
—
Oras Invest Oy
Member of the Board
—
Fixed Compensation
FY 2023Base salary
CHF 990,004
Pension benefits
CHF 541,130
Other benefits
CHF 786,869
Includessocial security, health insurance, education, transportation, tax advice
Performance Compensation
Data from FY 2023Cash incentive
Annual Incentive Plan (short-term incentive)
CHF 1,386,000
Target Opportunity
—
AIP outcome140.0% of target
Target AIPCHF 990,000
Stock awards
Long-Term Incentive Plan - PSU grant (fair value at grant)
CHF 1,003,656
Vesting dateApril 24, 2026
Performance measuresEPS 50% / relative TSR 30% / Sustainability 20%
Also at ABB Ltd
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