Ilkka Kosola

Board Member at Fusion Ecosystem
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Contact Information
Location
Helsinki, Uusimaa, Finland, FI
Languages
  • Finnish Native or bilingual proficiency
  • English Full professional proficiency
  • Swedish Professional working proficiency

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Bio

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Maija Fast

I worked with Ilkka at Tieto in the same leadership team and as Ilkka's HR. Ilkka has a can do attitude and he is ready to explore also his uncomforzy zones. He loves the numbers and values the people. You can be sure to get a big smile from Ilkka.

LinkedIn User

I worked with Ilkka during a period of external market change for Tieto PDS, but also significant customer growth opportunities. Always found him to be very amenable to exploring new business models, particularly in non-traditional geographical territories. Analysing deals on strategic merits of a particular engagement was always a strength in our collaborations. Look forward to working with him in a future venture.

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Experience

    • Finland
    • Information Technology & Services
    • 1 - 100 Employee
    • Board Member
      • Apr 2023 - Present
    • Finland
    • IT Services and IT Consulting
    • 400 - 500 Employee
    • Group CFO
      • Sep 2022 - Present
    • United States
    • IT Services and IT Consulting
    • Group CFO
      • Jan 2019 - Sep 2022

      Adven is a asset heavy (1.5B€ assets, 300M€ revenue) energy company providing renewable energy solutions for industrial customers, real estates and households. The company is operating in Scandinavia and Baltics. Adven group is owned by Investment fund. I'm currently responsible for: - Business Controlling - Financial Accounting - Customer Invoicing - Purchase to Pay process - Taxation - Energy Data Management - Leader of international Finance function team having 30 team members in Sweden, Estonia, Latvia and Finland. Show less

    • Board Member
      • Jan 2017 - Dec 2018

      TietoIlmarinen Oy is a IT company which is focused on pension finance IT solutions and services. TietoIlmarinen Oy is a IT company which is focused on pension finance IT solutions and services.

    • Finland
    • Information Technology & Services
    • 700 & Above Employee
    • Vice President, Head of Group Business Control
      • Jun 2016 - Dec 2018

      Key tasks & accomplishments: Group Business Control is responsible about Tieto Group financial reporting including forecasting and planning process. The most important part of my work is to analyze the business performance and challenge executive business heads in a positive manner. My role is to help and support executives to improve their financial performance. I have eight direct reports in Finland and Latvia, and 90 finance partners/controllers all together mainly in Latvia, Sweden and Finland. Member of Tieto finance board and head of Tieto Finance community. Show less

    • Vice President Finance
      • Jul 2015 - Jun 2016

      Sabbatical leave in Australia Melbourne: Finnish business committee “Team Finland” lead by minister of foreign affairs in Melbourne Swinburne University. Several business seminars in Melbourne. Basketball coach for Ivanhoe Knights juniors. PADI rescue diver certification.

    • CFO, Segment: Development Services Business
      • Aug 2013 - Jul 2015

      Tieto is a global IT service company with 1400 million revenue and 12 000 employee. Main responsibility area is to be CFO for one of the business segments (Product Development Services), which revenue is 300 million and it has 3500 employee. I have full, independent finance P&L responsibility and work closely with the PDS Excecutive Vice President. I also lead 30 team of finance professionals globally. I report to CFO of Tieto, and I am member of the Tieto PDS Tieto Leadership team.

    • Vice President, Business Control
      • Sep 2010 - Aug 2013

      Basware is the global leader in e-invoicing and Purchase to Pay automation solutions and services with 113 million revenue and 1400 employees. I had a full responsibility for the corporation business control and management accounting. I helped corporate top management, as a partner, to understand the business throughout the financial figures. I created a new financial forecasting process for the corporation which helped to match the needs of growing business. I joined quarterly investor meetings together with CEO and CFO as advisor. I reported to CFO of Basware and I was a Member of global corporation sales management team. which had representatives from Scandinavia, France, USA, UK and Australia. Show less

    • Business Controller, Head of Risk & Compliance
      • Nov 2008 - Oct 2010

      Power division is biggest business unit in Fortum Group with 2.4 billion net sales and 5.7 billion net assets in Finland, Sweden, UK and Germany. My main responsible areas were cost, investment and cash flow analysis, operative and market risks management.Other areas were business controlling of Wind business including mergers & acquisitions activities (M&A), finance IT –systems and process development. I was responsible for M&A divestment of Suomen Hyötytuuli Oy shares in Finland. We prepared investment proposal and obtain approval for the biggest wind power park investment in Fortum. I was also member of board in Tunturituuli Oy. I reported to Executive Vice President of Finance Tiina Tuomela. Show less

    • Business Controller
      • Sep 2005 - Oct 2008

      Business units net sales was 320M€ and it had 2500 employees mainly Europe. My responsibilities included M&A activities and I implemented financial processes and tools for one curve out business size of 100M€ revenue. My other daily duties included finance process development, standard cost design and implementation. I had also responsibility of UK legal unit financial accounting outsourcing and head of finance IT- team. I reported to executive vice president of Finance. I was also member of board in Kotkan Putkityö Oy. Show less

    • Board Member
      • May 2008 - Sep 2010

      The company has two arctic wind mill parks in Lapland in Finland at Muonio and Enontekiö. The company has two arctic wind mill parks in Lapland in Finland at Muonio and Enontekiö.

    • Finland
    • Wholesale Building Materials
    • 200 - 300 Employee
    • Business Controller, deputy of mills director
      • May 2002 - Sep 2005

      The mills, whose finance and administration was my responsibility, had 590 employees. I had 14 direct subordinates working with finance, procurement, IT, HR, logistics, legal and healthcare. I was the director for all support functions at the mills. We did positive financial turnaround for the mills by making KPI -visible for prompt decision making. I was the right hand and partner for the mills director when changing the perspectives for the mills. I also created payroll service center for Metsäliitto Group. I reported to mills director executive Vice President Pertti Heiskanen. Show less

    • Assistant Controller
      • Jan 1999 - Apr 2002

      My main responsibilities were Group level annual and monthly closings, controllers’ manual project, main user of Hyperion Enterprise application and treasury. I also completed Master education final theses for the company. I reported to Vice President Juha Toppinen.

Education

  • University of Vaasa
    Master of Science (MSc), Economics
    1996 - 2001
  • Espoonlahden kauppaopisto
    Bachelor's degree, Finance, General
    1990 - 1993

Community

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