Proposals by the Nomination Board to the Annual General Meeting 2022 of Suominen
January 21 2022 - 07:00AM
Proposals by the Nomination Board to the Annual General Meeting
2022 of Suominen
Suominen Corporation's stock exchange release on January 21,
2022 at 2:00 p.m. EET
Proposal on the number of the members, on the
composition, and on the Chair of the Board of
Directors
The Nomination Board of Suominen Corporation’s shareholders
proposes to the Annual General Meeting that the number of Board
members remains unchanged and would be six (6).
The Nomination Board proposes to the Annual General Meeting that
Andreas Ahlström, Björn Borgman, Jaakko Eskola, Nina Linander and
Laura Raitio would be re-elected as members of Suominen
Corporation’s Board of Directors.
Out of the current Board members, Sari Pajari-Sederholm has
informed that she is not available as a candidate for the Board of
Directors.
In addition, the Nomination Board proposes that Aaron Barsness
would be elected as a new member of the Board of Directors.
Mr. Aaron Barsness (born 1973, BA (Biology and Environmental
Studies), U.S. and Swedish citizen) currently works as the CMO of
Fazer Group. He has held a number of senior positions at Fazer,
Lynxeye Brand Consultants and Procter & Gamble. Mr. Barsness'
CV is attached to this stock exchange release.
All candidates have given their consent to the election. All
candidates are independent of the company. The candidates are also
independent of Suominen’s significant shareholders, with the
exception of Andreas Ahlström who acts currently as Investment
Director at Ahlström Capital Oy. The largest shareholder of
Suominen Corporation, Ahlstrom Capital B.V. is a group company of
Ahlström Capital Oy. The candidate information relevant considering
their service for the Board of Directors is presented at the
company website www.suominen.fi.
The Nomination Board proposes to the Annual General Meeting that
Mr. Jaakko Eskola would be re-elected as the Chair of the Board of
Directors.
With regard to the selection procedure for the members of the
Board of Directors, the Nomination Board recommends that
shareholders take a position on the proposal as a whole at the
Annual General Meeting. In preparing its proposals the Nomination
Board, in addition to ensuring that individual nominees for
membership of the Board of Directors possess the required
competences, has determined that the proposed Board of Directors as
a whole also has the best possible expertise for the company and
that the composition of the Board of Directors meets other
requirements of the Finnish Corporate Governance Code for listed
companies.
Proposal on the Board remuneration
The Nomination Board of the shareholders of Suominen Corporation
proposes to the Annual General Meeting that the remuneration of the
Board of Directors would be as follows: the Chair would be paid an
annual fee of EUR 70,000 (2021: EUR 66,000) and the Deputy Chair
and other Board members an annual fee of EUR 33,000 (2021: EUR
31,000). The Nomination Board also proposes that the additional fee
paid to the Chair of the Audit Committee would remain unchanged and
be EUR 10,000.
Further, the Nomination Board proposes that the fees payable for
each Board and Committee meeting would remain unchanged and be as
follows: EUR 500 for each meeting held in the home country of the
respective member, EUR 1,000 for each meeting held elsewhere than
in the home country of the respective member and EUR 500 for each
meeting attended by telephone or other electronic means. No fee is
paid for decisions made without convening a meeting.
75% (2021: 60%) of the annual fees is paid in cash and 25%
(2021: 40%) in Suominen Corporation’s shares. The shares will be
transferred out of the own shares held by the company by the
decision of the Board of Directors within two weeks from the date
on which the interim report of January-March 2022 of the company is
published.
Compensation for expenses will be paid in accordance with the
company's valid travel policy.
The composition of the Nomination Board
The members of the Nomination Board are, as of September 2,
2021, Lasse Heinonen, President & CEO of Ahlström Capital Oy,
as a member appointed by Ahlstrom Capital B.V., Mikael Etola, CEO,
Etola Group, as a member appointed by Oy Etra Invest Ab andJukka
Perttula, Chair of Board of Directors, Nordea Funds, as a member
appointed by Nordea Nordic Small Cap Fund. Jaakko Eskola, Chair of
Suominen’s Board of Directors, serves as the fourth member of the
Nomination Board. Lasse Heinonen acts as the Chair of the
Nomination Board.
All of the proposals made by the Nomination Board were
unanimous.
The Board of Directors of Suominen Corporation will include the
proposals submitted by the Nomination Board to the Notice of the
Annual General Meeting of Suominen which will be published at a
later date. The Annual General Meeting of Suominen Corporation is
scheduled to be held on March 24, 2022.
SUOMINEN CORPORATIONPetri Helsky, President & CEO
For additional information please contact Lasse Heinonen, Chair
of the Nomination Board of Suominen Corporation, tel. +358 10 888
4221
Suominen manufactures nonwovens as roll goods for wipes and
other applications. Our vision is to be the frontrunner for
nonwovens innovation and sustainability. The end products made of
Suominen’s nonwovens are present in people’s daily life worldwide.
Suominen’s net sales in 2020 were EUR 458.9 million and we more
than 700 professionals working in Europe and in the Americas.
Suominen’s shares are listed on Nasdaq Helsinki. Read more at
www.suominen.fi.Distribution:Nasdaq Helsinki Ltd.Key
mediawww.suominen.fi
- CV - Aaron Barsness _ENG
- Aaron Barsness
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