The board approved the interim financial statement and the Regulations of Education, and elected deans

At its meeting on 28 October, the Board of Directors of the University of Oulu approved the interim financial statement for January–August 2025 and updated Education Regulations of the University of Oulu. In addition, the board elected five deans and six education deans for the next four-year term from 1 January 2026 to 31 December 2029.

The operational accounting result for the second interim financial statement, covering January–August 2025, shows a surplus of €10 million, with the adjusted operational result standing at a surplus of €18.4 million. The accounting result for investment and financing activities is a surplus of €7.6 million. The operating result totals a surplus of €17.6 million.

The forecast for the full year 2025 anticipates an operational accounting surplus of €2.4 million and an adjusted operational surplus of €16 million. The adjustments include income from investments, the use of fundraising proceeds, and the use of balance sheet items.

The university’s balance sheet position remains stable, with a healthy equity ratio. At the end of August 2025, the total balance sheet stood at €386.3 million (€355.3 million), with investments accounting for €291.9 million (€276.5 million), or 76%.

In accordance with the financial regulations approved by the University Board, responsibility units report on the achievement of agreed targets as part of the interim and annual financial statements. Interim financial statements are prepared at the end of April and August.

The updated Education Regulations will enter into force at the beginning of 2026

The newly approved update to the Education Regulations includes changes to both the structure and content of the regulations. It also reflects amendments to the Universities Act and addresses the most frequently asked questions raised by faculties regarding the Education Regulations. Read more about the changes to the Education Regulations.

The update process began in early 2025. The previous version of the regulations was updated in 2022. The Education Regulations guide education at the University of Oulu and, after legislation, are the most important education-related regulatory framework at the university level.

Five deans and six education deans were elected for the next four-year term

The board elected the following persons as deans for the term 2026–2029:

  • Faculty of Biochemistry and Molecular Medicine: Professor Aki Manninen
  • Faculty of Humanities: Professor Paula Rossi (continuous)
  • Faculty of Science: Professor Maarit Järvenpää (continuing)
  • Oulu Business School: Professor Janne Järvinen (continuing)
  • Faculty of Information Technology and Electrical Engineering: Professor Jukka Riekki (continuing)

The Board elected the following persons as education deans for the term 2026–2029:

  • Faculty of Humanities: University Lecturer Matti Enbuske (continuing)
  • Faculty of Education and Psychology: Professor Riikka Mononen
  • Faculty of Science: University Lecturer Saana-Maija Aho (continuing)
  • Faculty of Medicine: Professor Petri Kulmala (continuing)
  • Oulu Business School: Senior Research Fellow Marika Iivari
  • Faculty of Information Technology and Electrical Engineering: University Lecturer Jari Hannu

Read the introductions of the new deans and education deans.

In addition, the Board of Directors:

  • advised the university's management in steering its operations and finances for the rest of the year
  • instructed the Remuneration Committee on matters related to the remuneration and rewards of executive management
  • discussed the next stages of the property strategy work and the selection criteria for the campus scenario to be selected for further development. The selection criteria will be decided in a separate email meeting by 5 November 2025. The campus scenario is scheduled to be selected in November 2025.
Created 28.10.2025 | Updated 28.10.2025