According to a unanimous decision of the shareholders of Pohjolan Voima Oyj on 24 March 2020, the following members were appointed to the Board of Directors:
- Tapio Korpeinen, UPM-Kymmene Corporation, personal substitute Jussi Pesonen, UPM-Kymmene Corporation
- Seppo Parvi, Stora Enso Oyj, personal substitute Markus Mannström, Stora Enso Oyj
- Anders Renvall, Kymppivoima Oy, personal substitute Jorma Korhonen, Pohjois-Karjan Sähkö Oy
- Jukka Hakkila, Kemira Oyj, personal substitute Seppo Tuomisto, Kemira Oyj
- Tomi Sederholm, UPM Kymmene Corporation, personal substitute Pekka Tynkkynen, UPM Energy Oy
- Esa Kaikkonen, Metsä Tissue Oyj, personal substitute Ilkka Hämälä, Metsä Group
- Rami Vuola, EPV Energy Ltd, personal substitute Stefan Damlin, Vaasan Sähkö Oy
- Mikko Lepistö, Rautaruukki Corporation, personal substitute Juha-Pekka Weckström, Helen Ltd
- Roger Holm, Oy Herrfors Ab, personal substitute Jouni Lampinen, City of Pori
Tapio Korpeinen has been elected Chairman of the Board and Seppo Parvi as Deputy Chairman.