Proposals of the Shareholders Nomination Board of Oriola Corporation concerning the Board of Directors to be elected by the 2020 Annual General Meeting

Oriola Corporation Stock Exchange Release 28 January 2020 at 3.35 p.m.

Proposals of the Shareholders Nomination Board of Oriola Corporation concerning the Board of Directors to be elected by the 2020 Annual General Meeting

Oriola’s Shareholders’ Nomination Board has presented its proposal to the 2020 Annual General Meeting concerning the composition of the Board of Directors as follows:

• The number of members of the Board of Directors would be seven
• The present members of the Board of Directors Juko-Juho Hakala, Anja Korhonen, Mariette Kristenson, Eva Nilsson Bågenholm, Harri Pärssinen and Lena Ridström would be re-elected
• Panu Routila would be elected new member of the Board of Directors
• Panu Routila would be elected new Chairman of the Board of Directors

The Nomination Board has assessed all candidates to the Board of Directors to be independent of the company and its major shareholders.

Current chairman of the Board of Directors Anssi Vanjoki has informed the Nomination Board that he is not available for re-election to the Board of Directors.

The Nomination Board also proposes to the 2020 Annual General Meeting that the remunerations would remain unchanged and be paid to the members of the Board of Directors as follows:

• Chairman of the Board: fee for term of office of 60,000 euros
• Vice chairman of the Board: fee for term of office of 36,000 euros
• Chairman of the Audit Committee: fee for term of office of 36,000 euros
• Other members of the Board: fee for term of office of 30,000 euros
• Attendance fees would also remain unchanged and be paid as follows: for Board of Directors meetings 1,000 euros per meeting to the Chairman and 500 euros per meeting to members, and for committee meetings 1,000 euros per meeting to the committee chairman and 500 euros per meeting to members
• Of the fees for term of office, 40 per cent would be paid in Oriola Corporation's class B-shares and 60 per cent would be paid in cash
• Travel expenses would be reimbursed in accordance with the travel policy of the company

The Board of Directors of Oriola will include these proposals of the Nomination Board in the notice of the 2020 Annual General Meeting.

Oriola’s Shareholders’ Nomination Board consists of: Pekka Pajamo (Senior Vice-President, Finance, Varma Mutual Pension Insurance Company) as chairman and Peter Immonen (Chairman of the Board of Directors WIP Asset Management Oy, member of the Board of Directors Mariatorp Oy and Wipunen varainhallinta Oy), Mikael Aro (Senior Industry Expert, Triton), Mikko Mursula (Chief Investment Officer, Ilmarinen Mutual Pension Insurance Company), Into Ylppö (M.Sc. [Econ.]) and Anssi Vanjoki, Chairman of the Board of Directors of Oriola as an expert member. 

Presentation of Panu Routila:

Panu Routila (b. 1964, Finnish citizen, M.Sc. [Econ.]) served as President and CEO of Konecrances Plc until October 2019. During the years 2008-2015 Routila served as President and CEO of Ahlström Capital Oy and before that as CEO of Alteams Oy during 2002-2007. Currently Routila is a member of the Board of Directors of Trelleborg AB and Conficap Oy.

Oriola Corporation

Further information:

Pekka Pajamo
Chairman of the Shareholders’ Nomination Board
e-mail: pekka.pajamo@varma.fi

Petter Sandström
General Counsel, secretary to the Board of Directors
tel. +358 10 429 5761
e-mail: petter.sandstrom@oriola.com

Distribution
NASDAQ Helsinki Ltd
Key media

Released by:
Oriola Corporation
Corporate Communications
Orionintie 5
FI-02200 Espoo
www.oriola.com