Changes in Hiab’s Shareholders’ Nomination Board Explained

Updates on Hiab’s Shareholders’ Nomination Board

Hiab Corporation recently announced notable changes in the structure of its Shareholders’ Nomination Board. The move was prompted by Mariatorp Oy, one of the key shareholders within the organization. In an effort to enhance the governance and direction of the company, Mariatorp Oy appointed Ilona Herlin to replace Heikki Herlin on the Nomination Board.

Current Members of the Nomination Board

With this recent adjustment, the composition of the Hiab Nomination Board now features a team that brings a wealth of expertise and perspectives. The current members are as follows:

Members List

• Ville Herlin, appointed by Wipunen Varainhallinta Oy
• Ilona Herlin, appointed by Mariatorp Oy
• Markus Aho, Deputy CEO and Chief Investment Officer of Varma Mutual Pension Insurance Company
• Rami Vehmas, Senior Portfolio Manager at Ilmarinen Mutual Pension Insurance Company

This diverse group is designed to ensure that various stakeholders are represented, contributing to the overall strategy and decision-making processes of Hiab.

The Role of the Chair in the Board

In alignment with the Charter of the Nomination Board, Hiab's Board Chairman, Jukka Moisio, plays a significant advisory role in the Nomination Board's operations. However, it is important to note that while he provides valuable insights, he does not have voting rights within the Board's decision-making process.

Commitment to Governance

Hiab Corporation is committed to maintaining high standards of corporate governance, which is increasingly important as the business landscape evolves. The composition of the Nomination Board is just one element of Hiab’s broader strategy to ensure transparency and accountability within the company. As Hiab continues to grow, the organization emphasizes the importance of adept leadership and appropriate governance structures.

Hiab's Global Presence and Performance

Hiab (Helsinki: HIAB) has established itself as a leading provider of innovative load-handling solutions worldwide. The company is dedicated to delivering exceptional customer experiences and sustainable solutions that meet the demands of modern markets.

Globally, Hiab operates with a robust network comprising 3,000 sales and service locations spread across several continents, effectively supporting customers in over 100 countries. In the recent fiscal year, Hiab's continuing operations reported sales of approximately EUR 1.6 billion, showcasing the company’s strong position in the industry.

With over 4,000 employees, Hiab prides itself on a workforce that is not only engaged but also highly skilled. The company's commitment to professional development ensures that team members are well-equipped to handle the evolving challenges in the load handling business.

Further Information

For additional insights or inquiries about the recent changes in Hiab’s Nomination Board or details about their operations, interested parties can reach out to:

Taina Tirkkonen, EVP, General Counsel, tel. +358 50 317 4000
Aki Vesikallio, Vice President, Investor Relations, tel. +358 40 729 1670

Frequently Asked Questions

What changes were made to Hiab’s Nomination Board?

Mariatorp Oy appointed Ilona Herlin to replace Heikki Herlin, updating the Board's composition.

Who are the current members of the Nomination Board?

The members include Ville Herlin, Ilona Herlin, Markus Aho, and Rami Vehmas.

What is the role of Jukka Moisio in the Nomination Board?

As Chair of Hiab’s Board of Directors, he participates as an expert but does not vote on decisions.

What is the focus of Hiab as a company?

Hiab is dedicated to providing smart and sustainable load-handling solutions to its customers globally.

How can I contact Hiab for more information?

You can reach Taina Tirkkonen or Aki Vesikallio via the provided contact numbers for further inquiries.

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