Suominen Corporation Announces Composition of Nomination Board
Understanding Suominen Corporation's Nomination Board
Suominen Corporation has recently made an important announcement regarding its Nomination Board. This board plays a critical role in shaping the future leadership of the company, and the latest appointments underline Suominen's commitment to effective governance. The composition of the board has been decided by its largest shareholders, reflecting a collaborative approach to decision-making.
Members Appointed to the Nomination Board
Three of Suominen's largest registered shareholders have come together to nominate key figures to the board. Each member brings a wealth of experience and insight to the table:
Jyrki Vainionpää
Jyrki Vainionpää serves as the President and CEO of A. Ahlström Oy, representing Ahlstrom Capital B.V. His leadership experience in a prominent company equips him with valuable skills that will aid the Nomination Board in its crucial tasks.
Mikael Etola
Mikael Etola, the CEO of Etola Group Oy, has also been appointed to the board. With his extensive background in business management and strategic growth, Mikael will contribute greatly to the deliberations of the Nomination Board.
Ville Vuori
Ville Vuori is appointed by Oy Etra Invest Ab and is recognized for his expertise as a board professional. His insights will help ensure that the board functions efficiently and effectively.
Role of the Nomination Board
The primary responsibility of the Shareholders’ Nomination Board is to strategize and propose recommendations concerning the Board of Directors' composition, numbers, and remuneration prior to the Annual General Meeting. This role is essential for sustaining robust governance and ensuring that the Board is well-equipped to guide the company towards its strategic objectives.
The Nomination Board's proposals must be submitted to the Board of Directors by February 1, prior to the Annual General Meeting. This timeline ensures that there is ample opportunity for thorough consideration of the recommendations.
Leadership Statement
Charles Héaulmé, who is both the Chair of Suominen’s Board of Directors and the President and CEO, also serves as a valuable member of the Nomination Board. He expresses confidence that the new appointments will significantly enhance the governance and direction of Suominen Corporation.
About Suominen Corporation
Suominen Corporation specializes in manufacturing nonwoven materials used in a variety of applications, including wipes. As a leader in innovation and sustainability in the nonwovens sector, Suominen aims to impact everyday lives positively. In the previous fiscal year, Suominen recorded net sales of EUR 462.3 million and boasts a dedicated workforce of over 700 professionals across Europe and the Americas. The company’s shares are listed on Nasdaq Helsinki, further emphasizing its stability and presence in the market.
Contact Information
For further inquiries, you can reach out to Janne Silonsaari, CFO of Suominen Corporation, at +358 50 409 9264. This point of contact is vital for stakeholders looking for detailed information or clarification regarding the recent changes.
Frequently Asked Questions
What is the purpose of the Nomination Board?
The Nomination Board is responsible for recommending the composition, number, and remuneration of board members to the shareholders during the Annual General Meeting.
Who are the newly appointed members of the Nomination Board?
The new members include Jyrki Vainionpää, Mikael Etola, and Ville Vuori, each bringing significant expertise from their respective backgrounds.
What is the deadline for the Nomination Board's proposals?
The proposals need to be submitted to the Board of Directors by February 1 prior to the Annual General Meeting.
How does Suominen Corporation support sustainability?
Suominen aims to be a frontrunner in innovation and sustainability within the nonwovens industry, creating products that contribute positively to everyday life.
Where can I find more information about Suominen Corporation?
More information can be found on Suominen Corporation's official website, which provides insights into their operations and latest news.
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