Munksjö Oyj: Proposals of the Shareholders’ Nomination

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News Desk 2018

Jan 20, 2014 at 5:45 AM

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.

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