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

Medicare Competitive Bidding May Slash Jobs, Access

Medicare's New Program: Potential Knockout Punch? Today, we dive into Medicare's latest shake-up that might just be the unseen wrecking ball swinging toward thousands of jobs and small businesses in the healthcare sector. Two years from now, starting January 2028, the Competitive Bidding Program is set to reroute the entire landscape for suppliers of key medical products...

Finastra Recognized as 2026 Leader in Payment Platforms

Finastra Steals the Spotlight in Payments Innovation When it comes to the modern world of finance, nothing screams ‘adapt or fade into oblivion’ like the payments industry. Well, here’s a reality check from QKS Group: Finastra has snatched the spotlight in their SPARK Matrix™ for 2026 as a powerhouse in integrated bank payments platforms. Clearly, this ain’t...

Ransoms and Mega-Losses Surge in Cyber Claims Study

Cyber Costs Skyrocket in Latest Study NetDiligence’s 2026 Cyber Claims Study isn't just another report—it’s a wake-up call. The numbers paint a stark picture: cyber incidents are burning deeper holes in pockets, and no one's immune. Whether you're a scrappy SME or a lumbering corporate giant, this report puts a magnifying glass to the chilling reality of cyber...

Goddess Maintenance Co. Eyes BeautyMatter Award

Challenging the Haircare Norm with Confidence Goddess Maintenance Co. doesn't just draft a fresh play in the beauty industry playbook—it's ripping out the old pages and setting a new standard. This ain't your granny's haircare game anymore, folks. They're up for a 2026 BeautyMatter Award, a nod to their gut-busting innovation in the conditioner category with their star...

Red Banyan Earns Top Honors in Florida for 2026

Red Banyan: A Powerhouse in Reputation Management Boy, have you ever watched a company rise through the ranks almost like a caffeine kick on a drowsy morning? That's Red Banyan for you. This outfit, right out of Fort Lauderdale, snagged the '2026 Best of Florida' award as the cream of the crop in the Business Consulting Firms category. It’s like taking home an Oscar in...

American Savings Bank IPO Hits NYSE: $129M Raised

A Big Day for American Savings Bank Buckled up yet? Because American Savings Bank has just shot onto the NYSE, raising a hefty $129 million. A solid start, I’d say, for a Honolulu-based outfit that now struts around with a valuation tipping beyond $1.03 billion. That’s what you get when you price more than eight million shares at $16 a pop. NYSE:ASBH is the new kid on...

2026 CEE Awards Highlight Energy Innovation Leaders

Showcasing Cutting-Edge Home Energy Innovations It's that time of year again when the brightest innovators in home energy solutions get a nod from the Consortium for Energy Efficiency (CEE). This year's Integrated Home Competition spotlighted five trailblazing products that promise to reshape how we think about energy efficiency, demand flexibility, and sheer user comfort...

Jacob Walthour to Be Honored for Economic Leadership

The Honoring of Leadership That Goes Beyond Business In a world where financial influence often feels like it funnels into the same familiar pockets, the news of Jacob Walthour Jr.'s upcoming recognition feels like a fresh breeze of change. The Alpha Phi Alpha's Alpha Alpha Lambda Chapter is rolling out the red carpet at its Centennial Gala for Walthour, throwing him into...

OrthoAtlanta Expands with Dr. Smith's Expertise Hire

OrthoAtlanta Welcomes New Orthopedic Surgeon In a world where healthcare organizations are constantly stretching their wings, this new addition of Dr. Carson J. Smith to the fold at Piedmont Orthopedics | OrthoAtlanta stands out. This isn't just some cosmetic face-lift, folks. It's a real investment in the community, not to mention a crucial broadening of what this...

ScholarShare 529 Launches $50 Back-to-School Promo

California Families Get a Boost With New 529 Plan Offer Everywhere you turn, it's 'back to school' mania right now, and ScholarShare 529 aims to ride that wave by sweetening the pot for parents ready to think ahead. So here's the gist—California's official college savings plan is handing out a $50 gift card for new accounts opened between now and September 30th. Setting...