Shareholders' proposals to the Annual General Meeting for

New Post Public Reply Private Reply Replies (0) Message Board

News Desk 2018

Feb 10, 2015 at 2:45 AM

Shareholders' proposals to the Annual General Meeting for the composition and remuneration of Kesko's Board of Directors

KESKO CORPORATION STOCK EXCHANGE RELEASE 10.02.2015 AT 09.30 1(2) Shareholders' proposals to the Annual General Meeting for the composition and remuneration of Kesko's Board of Directors Kesko Corporation's shareholders jointly holding over 10% of the votes attached to the company shares have made a proposal to the Annual General Meeting to be held on 13 April 2015 for the number of Board members, the members, their remuneration and the reimbursement of their expenses. Proposal for the number of Board members and the members Kesko Corporation's shareholders jointly holding over 10% of the votes attached to the company shares have proposed that the company's Annual General Meeting resolve that the number of Board members is seven (7) and that retailer Esa Kiiskinen, retailer, Master of Science in Economics Tomi Korpisaari, retailer Toni Pokela and eMBA Mikael Aro (new member), Master of Science in Economics Matti Kyytsönen (new member), Master of Science in Economics Anu Nissinen (new member) and Master of Laws (Columbia University) Kaarina Ståhlberg (new member) be elected as Board members for a term of three years provided in the Articles of Association. New Board member candidate Mikael Aro, b. 1965, eMBA, is the President and CEO of VR-Group Ltd. His earlier positions include Senior Vice President (Northern Europe) for Carlsberg Breweries AS and CEO of Oy Sinebrychoff Ab. In addition to his principal occupation, Aro is currently the Chair of the Board of Nordic Cinema Group. He is also a member of the Boards of the Confederation of Finnish Industries (EK), Suomen Kansallisteatterin Osakeyhtiö, Service Sector Employers PALTA, Varma Mutual Pension Insurance Company, Altia Plc and East Office of Finnish Industries Oy. His previous positions include the Chair of the Boards of The Federation of the Brewing and Soft Drinks Industry, Registered Association Finnish-Russian Chamber of Commerce (FRCC), Carlsberg Danmark AS and Finnkino Ltd, the First Deputy Chair of the Finnish Food and Drink Industries' Federation (ETL) and a member of the Board of Oy Sinebrychoff Ab. As at 23 January 2015, Aro held no Kesko Corporation shares. New Board member candidate Matti Kyytsönen, b. 1949, Master of Science (Economics), is the Chair of the Board of Silverback Consulting Oy. His earlier positions include Managing Director of ISS Palvelut Oy, Esselte Oy and Oy Perkko. In addition, his previous positions include Accounting Manager at Insinööritoimisto Oy Vesto and Financial Analyst at Oy Mobil Oil Ab. Kyytsönen is currently also a member of the Boards of Eltel Ab, Esperi Care Oy, Lindström Invest Oy, KP-Tekno Oy and Port of Helsinki Ltd. His previous positions include a member of the Boards of Oy Center-Inn Ab, Palvelutyönantajat ry, Confederation of Finnish Industries (EK) and the Chair of the Board of Kiinteistöpalvelut ry. In addition, he has been a member and the Chair of the Supervisory Board of The Unemployment Insurance Fund and a member of the Supervisory Board of Varma Mutual Pension Insurance Company. As at 26 January 2015, Kyytsönen held 185 Kesko B shares. New Board member candidate Anu Nissinen, b. 1963, Master of Science (Economics), is the CEO and Partner in Era Content Oy. Her earlier positions include CEO of Sanoma Media Finland Ltd, President of Sanoma Entertainment Finland, Managing Director of Welho/Helsinki Televisio Oy, Marketing Director of Helsinki Televisio Oy and several marketing position at Oy Sinebrychoff Ab. In addition to her principal occupation, Nissinen is currently a member of the Boards of DNA Ltd, F-Secure Corporation and Siili Solutions Plc. As at 26 January 2015, Nissinen held no Kesko Corporation shares. New Board member candidate Kaarina Ståhlberg, b. 1966, Master of Laws (Columbia University), is a lawyer and a self-employed person. Her earlier positions include Legal Advisor in nuclear business matters at Fortum Corporation and General Counsel and member of the Executive Management Team of Fortum Corporation, lawyer at the law firm White & Case, and Vice President and Assistant General Counsel, and Vice President for the Mobile Phones Legal department of Nokia Plc. Her earlier positions also include member of the Board of the Helsinki Chamber of Commerce. As at 26 January 2015, Ståhlberg held no Kesko Corporation shares. The biographical details of all Board member candidates and more detailed information on their earlier duties are available on the company's website at www.kesko.fi/yhtiokokous. Proposal for the remuneration of Board members and the reimbursement of their expenses In addition, the same shareholders propose that the remuneration of the Board members and the reimbursement of their expenses remain unchanged as follows: - the Board Chair, an annual remuneration of €80,000, - the Board Deputy Chair, an annual remuneration of €50,000, - a Board member, an annual remuneration of €37,000, - a meeting fee of €500/meeting for a Board meeting and its Committee's meeting, but a meeting fee of €1,000/meeting to a Committee Chair who is not the Chair or the Deputy Chair of the Board, - daily allowances and reimbursement of travel expenses are paid to the Board members in accordance with the general travel rules of Kesko. The above proposals will be included in the notice of the General Meeting which will be published separately. Further information is available from Senior Vice President, General Counsel Anne Leppälä-Nilsson, tel. +358 105 322 347. Kesko Corporation Merja Haverinen Vice President, Group Communications DISTRIBUTION NASDAQ OMX Helsinki Ltd Main news media www.kesko.fi [HUG#1893085]

Newer

Older

Scroll down for more posts ▼

Top 10 Most Recent News Articles

D-Wave's Legal Trouble: Securities Fraud Suit Looms

A Looming Legal Storm for D-Wave Investors Call it another day, another legal tangle in the investing world. This time, it's D-Wave Quantum Inc. (NASDAQ: QBTS) on the receiving end of a securities fraud class action lawsuit. Yeah, those fancy quantum computers they're pushing didn't predict this one coming. The legal arena is getting ready for a bout, and if you've got...

Off-Broadway Play 'DUST' Raises Autism Support Funds

Here's the scoop: an Off-Broadway production just did something many big hitters can't pull off. 'DUST,' a show crafted like a love letter to the American West, managed to rustle up $30,000 for young adults grappled with autism. Partnering with no less than Yale's Cultural Autism Studies and the Ed Asner Family Center, this effort hit the mark in more ways than one. An...

Moon Base Ambitions: Impulse Space Wins Key NASA Contracts

NASA's Vision and Impulse's New Role Ever think you'd see a company like Impulse Space set to play a starring role in humanity's return to the lunar surface? Well, strap in because this isn't just a pipe dream anymore. NASA's bold plan to establish a Moon Base has taken a tangible step forward with Impulse winning two hefty task orders. This ain't just peanuts—this duo...

Historic Records Set at 2026 CNO Monumental Marathon

Race to Remember: Monumental Breakthroughs In the chilly November air of Indianapolis, the 2026 CNO Financial Indianapolis Monumental Marathon wasn't just another tick on the calendar—this was a banner day for running. With record-breaking performances across every distance, we saw what happens when a community of athletes, sponsors, and volunteers hits a perfect...

Invasive Procedures Don't Extend Life in Stable Heart Disease

Challenging Longstanding Beliefs Today’s news from the heart research front might set a few cardiology heads spinning. We’ve got big-time findings out of the ISCHEMIA-EXTEND study, throwing more weight on the evidence pile that early invasive heart procedures for patients with stable coronary artery disease don’t actually extend your life. Managing care with a blend...

Evaluating GLP-1 Telehealth? Key Questions to Consider

Navigating the Landscape of GLP-1 Telehealth Providers In the sprawling jungle of telehealth options for GLP-1 care, it's easy to feel like you're drowning in sameness. Picture this: you land on a sleek page promising the moon and stars, but who knows what's behind the curtain? That's where seasoned advice comes in, like a compass in this murky digital forest. Meant, a...

MWC26 Doha: Bridging Standards for MENA's Future

MWC26 Doha Launches with a Connectivity Mission Forget corporate boardrooms; the real action this week is unfolding in Doha's bustling exhibition halls. Kicked off with the fanfare you'd expect from such a key event, MWC26 Doha has drawn a crowd that's got both tech geeks and policy wonks nodding with interest. This ain’t your average trade show: it’s the melting pot...

NatGold Pulling NATG From MEXC Amid Security Concerns

NatGold Digital's sudden decision to yank its NATG token off MEXC Global reeks of regulatory urgency. With the U.S. Treasury clamping down on fund transfers wrapping up MEXC in their action against Russian laundering, NatGold didn't wait for the ink to dry on that order. They’re off the exchange posthaste. A bit of foresight or sheer necessity? Well, it's got the market...

TCL's Display Future: AI Meets Screens at DTC 2026

Exploring New Horizons in Display Technology There's something brewing in Wuhan: a conference that’s shaping up like a tech enthusiast’s dream. This year, it's all about the symbiosis of cutting-edge tech and dazzling visuals as TCL CSOT gears up to unveil advancements at the Global Display Tech-Ecosystem Conference (DTC) 2026. If you're wondering whether this event...

Intelligent Communication Forum Eyes Global Ecosystem Shift

China's Grand Vision for Intelligent Communication You know what they say about big ideas—they start in the most bustling of places. And here we are in Wuxi, a city's pulse pounding with ambition, hosting the 2026 China International Intelligent Communication Forum. Picture it: From November 8th to 10th, movers, shakers, and visionaries are scribbling new blueprints for...