University of Oulu rector selection advances to personal assessment and interim financial statements approved
The Board interviewed four applicants who met the eligibility requirements for the position of rector on 16 October 2026. The person appointed as rector is required to have the ability, professional skills and language skills needed to perform the duties, proven good leadership skills and a doctoral degree. The Board discussed how the candidates met the expectations it had set for succeeding in the role of rector and decided to invite Jyri Hämäläinen to a personal assessment.
“Among the excellent candidates for rector, Jyri Hämäläinen stood out for his track record in strategic, operational and people leadership. He presented a compelling vision of the future role of the multidisciplinary University of Oulu in the higher education landscape and has experience in leading top-level research. The importance of education was also highlighted in his interview,” says Leena Nissilä, Chair of the University Board of Directors.
The Board intends to decide on the appointment of the rector in November. The new rector will take up the position on 1 January 2027 or as agreed.
The Board approved the interim financial statements and made changes to the internal performance-based funding model
The University’s operating result for January–August 2026 shows a surplus of EUR 6.1 million, while the adjusted operating result shows a surplus of EUR 15.8 million. The accounting result from investment and financing activities shows a surplus of EUR 26.9 million. The operating profit is EUR 33.0 million.
The forecast operating result for 2026 shows a deficit of EUR 1.6 million, while the adjusted operating result shows a surplus of EUR 13.6 million. The adjustments include investment income, the use of fundraising proceeds and the use of the balance sheet.
The University’s balance sheet position is stable, and its equity ratio has remained strong. At the end of August, total assets were EUR 424.9 million (386.3), of which investments accounted for EUR 327.7 million (291.9), or 76%.
The Board made changes to the University’s internal performance-based funding model concerning indicators for minor subject teaching by faculties and international student exchange. The changes were prepared in cooperation with the Deans of the faculties and will take effect at the beginning of 2027.
In addition, the Board:
- provided guidance to the University management on preparing the operational and financial framework for 2027
- provided guidance to the Remuneration Committee on matters concerning the salaries and remuneration of senior management
- noted the annual cybersecurity report