Munksjö Oyj: Proposals of the Shareholders' Nomination Board to the Annual General Meeting 2014
Helsinki, Finland, 2014-01-20 11:40 CET (GLOBE NEWSWIRE) --
MUNKSJÖ OYJ, STOCK EXCHANGE RELEASE 20 January 2014 at 11.40 am CET
In May 2013 the shareholders of Munksjö Oyj unanimously resolved to establish a
Shareholders' Nomination Board to prepare proposals to the Annual General
Meeting for the election and remuneration of the members of the Board of
Directors and the remuneration of the members of the Board committees and the
Nomination Board.
The Nomination Board comprises representatives of the three largest
shareholders of the company and, in addition, of the Chairman of the Board of
Directors and a person nominated by the company's Board of Directors, as expert
members. The members of the Nomination Board were appointed in June 2013.
According to its charter, the Nomination Board shall submit its proposals to
the Board of Directors at the latest on 31 January preceding the next Annual
General Meeting.
The Annual General Meeting of Munksjö Oyj will be held on Wednesday, 2 April
2014 at the Finlandia Hall in Helsinki. The notice to convene the Annual
General Meeting will be given later on by the Board of Directors.
The Nomination Board has at its meeting today submitted the following proposals
to the Board of Directors;
Proposal on the composition of the Board of Directors
The number of Board members shall increase by one and shall be confirmed at
seven (7). Current members of the Board of Directors; Peter Seligson, Fredrik
Cappelen, Sebastian Bondestam, Elisabet Salander Björklund and Hannele
Jakosuo-Jansson shall be re-elected. Caspar Callerström and Alexander Ehrnrooth
shall be elected as new members of the Board of Directors. Jarkko Murtoaro,
current member of the Board, has informed the Nomination Board that he is not
available for re-election.
Caspar Callerström (born 1973), Swedish citizen, M.Sc. (Econ.), joined EQT
Partners in 1996 and is currently Partner in the company. Between October 2007
and December 2013, Mr. Callerström was Head of EQT Equity in Stockholm. Mr.
Callerström has held and currently holds several positions of trust. He
currently serves as a member of the Board of Sanitec Corporation and Scandic
AB. Mr. Callerström is independent of the company and dependent on its
significant shareholders.
Alexander Ehrnrooth (born 1974), Finnish citizen, M.Sc. (Econ) and MBA, is
currently CEO of Virala Oy Ab and Vimpu Intressenter Ab. Mr. Ehrnrooth has held
and currently holds several positions of trust. He currently serves as the Vice
Chairman of the Board of Fiskars Corporation, member of the Board of Wärtsilä
Corporation and Chairman of the Board of Belgrano Investments Oy. Mr. Ehrnrooth
is independent of the company and its significant shareholders.
The CV's of the current members of the Board of Directors are available on the
corporate website at www.munksjo.com.
Proposal on the remuneration of the members of the Board of Directors, the
Board committees and the Nomination Board
The annual remuneration paid to the Board of Directors shall remain unchanged.
The Chairman shall receive EUR 70,000 a year and the ordinary members EUR
35,000 each.
The annual remuneration paid to the Board committees shall remain unchanged.
The Chairman of the Audit Committee shall annually receive EUR 9,000 and the
ordinary members EUR 6,000 each. The Chairman of the Remuneration Committee
shall annually receive EUR 6,000 and the ordinary members EUR 3,000 each.
The chairman and the members of the Nomination Board will not receive any
compensation.
Munksjö Oyj
For more information, please contact:
Gustav Adlercreutz, Secretary of the Board of Directors and the Nomination
Board, tel. +358 10 234 5001
Munksjö - Materials for innovative product design
The Munksjö Group is an international specialty paper company with a unique
product offering for a large number of industrial applications and
consumer-driven products. Founded in 1862, Munksjö is among the leading
producers in the world of high-value added papers within attractive market
segments such as Decor paper, Release Liners, Electrotechnical paper, Abrasive
backings and Interleaving paper for steel. Given Munksjö's global presence and
way of integrating with its customers' operations, the company forms a global
service organisation with approximately 3,000 employees. Production facilities
are located in France, Sweden, Germany, Italy, Spain, Brazil and China. Munksjö
Oyj is listed on NASDAQ OMX Helsinki. Read more at www.munksjo.com.