Suominen Corporation's Nomination Board Composition Update
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Composition of Suominen Corporation's Nomination Board
Suominen Corporation has recently revealed the nominations to its Shareholders’ Nomination Board from their three largest registered shareholders. This important board plays a critical role in preparing proposals related to the Board of Directors in the company.
Key Members Nominated
The nominated members include:
- Jyrki Vainionpää, who serves as the President & CEO of A. Ahlström Oy, nominated by Ahlstrom Capital B.V.
- Mikael Etola, the CEO of Etola Group Oy, nominated by Etola Group Oy
- Peter Seligson, Chair of the Board of Directors of A. Ahlström Oy, nominated by Oy Etra Invest Ab.
Additionally, Charles Héaulmé, the Chair of Suominen’s Board of Directors, will be the fourth member of the Nomination Board.
Nomination Process and Responsibilities
The determination of shareholders eligible to appoint these members was based on the registered holdings in the company’s shareholders' register as of a recent date. The Nomination Board is tasked with preparing proposals regarding the number, composition, and remuneration of the Board of Directors to be presented at the Annual General Meeting.
These proposals are required to be submitted to the Board of Directors no later than February 1 preceding the Annual General Meeting, ensuring a timely review before key corporate governance decisions are made.
About Suominen Corporation
Suominen Corporation specializes in manufacturing nonwovens for various applications, including wipes. They are committed to being a leader in innovation and sustainability in the nonwovens industry. In 2023, Suominen reported net sales of EUR 450.9 million, supported by a dedicated team of nearly 700 professionals in Europe and the Americas. The company's shares are listed on Nasdaq Helsinki, under the ticker SUY1V.
Contact Information
For further inquiries, please reach out to Anni Luoma, Interim Head of Legal at Suominen Corporation, at tel. +358 (0)10 214 300 for assistance.
Frequently Asked Questions
What is the role of the Shareholders’ Nomination Board?
The Nomination Board prepares proposals regarding the composition and remuneration of the Board of Directors for the Annual General Meeting.
Who are the current members of the Nomination Board?
The current members include Jyrki Vainionpää, Mikael Etola, Peter Seligson, and Charles Héaulmé.
When does the Nomination Board submit its proposals?
The Nomination Board's proposals must be submitted no later than February 1 before the Annual General Meeting.
What industries does Suominen Corporation operate in?
Suominen Corporation operates in the nonwovens industry, manufacturing products such as wipes and various roll goods.
How can I contact Suominen Corporation for more information?
You can contact Anni Luoma, Interim Head of Legal, at +358 (0)10 214 300 for inquiries related to the company.
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