Understanding Huhtamaki's Shareholders’ Nomination Board
Huhtamaki’s Shareholders’ Nomination Board Composition
Huhtamaki Oyj has recently confirmed the structure of its Shareholders’ Nomination Board, a key component in ensuring strong governance and decision-making within the company.
Meet the Board Members
The Shareholders’ Nomination Board consists of five members:
- Susanna Pettersson, who serves as the Chair of the Board and has been appointed by The Finnish Cultural Foundation.
- Markus Aho is representing Varma Mutual Pension Insurance Company.
- Esko Torsti, appointed by Ilmarinen Mutual Pension Insurance Company, adds his expertise to the board.
- Jonna Ryhänen has been appointed by Elo Mutual Pension Insurance Company.
- Pekka Vauramo, who is the Chair of Huhtamäki Oyj's Board of Directors, acts as an Expert member.
The Selection Process
Each of the four largest shareholders of Huhtamaki has the opportunity to appoint one member to this board. Additionally, the Chair of the Board fulfills the role of an expert member. The shareholders designated to appoint members are identified on a yearly basis, using the company’s shareholders’ register as of May 31.
Responsibilities of the Nomination Board
The primary role of the Shareholders’ Nomination Board is to prepare and propose recommendations to the Annual General Meeting for the elections and compensation of the Board of Directors' members. This process ensures that the governance of Huhtamaki remains transparent and efficient.
About Huhtamaki
Huhtamaki stands as a leading global provider in the sustainable packaging sector, delivering innovative products that safeguard food and beverages on the go, along with personal care items. With a robust history spanning over a century and a firm Nordic heritage, Huhtamaki operates in 36 countries through 102 locations, employing around 18,000 professionals. The company generated net sales of EUR 4.1 billion in 2024.
Driven by its core values—Care, Dare, Deliver—Huhtamaki is deeply committed to sustainability, incorporating it into every aspect of its operations. The company is publicly traded on the Nasdaq Helsinki under the ticker HUH, with its headquarters located in Espoo, Finland.
Contact Information
For further inquiries, you can reach:
Sami Pauni, Executive Vice President, Sustainability, Corporate Affairs and Legal,
telephone: +358 (0)10 686 7167.
Frequently Asked Questions
What is the role of the Shareholders’ Nomination Board?
The board is responsible for preparing recommendations for the election and remuneration of Board of Directors' members.
Who appoints members to the Nomination Board?
The four largest shareholders of the company each have the right to appoint one member.
How is the Chair of the Nomination Board selected?
The Chair is elected from among the appointed members and represents The Finnish Cultural Foundation.
What does Huhtamaki specialize in?
Huhtamaki provides innovative, sustainable packaging solutions for food and beverages, plus personal care products.
Where is Huhtamaki based?
Huhtamaki's headquarters is located in Espoo, Finland, and it operates in 36 countries globally.
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