Composition of the Shareholders’ Nomination Board at Harvia Plc
Harvia Plc is renowned for its innovative presence in the sauna market worldwide. Recently, the company has established its shareholders’ nomination board, a fundamental group that prepares essential proposals for the nomination and remuneration of the company's Board Members.
This noteworthy board will consist of representatives from Harvia’s four largest shareholders, ensuring that the interests of key stakeholders are reflected in the decisions made. On the first working day of September each year, the four shareholders with the most voting power will appoint their representatives based on the shareholders’ register maintained by Euroclear Finland Ltd.
In cases where a shareholder chooses not to appoint a representative, this valuable right will be passed on to the next largest shareholder, ensuring no opportunity is wasted in ensuring representation on the nomination board.
Current Members of the Shareholders' Nomination Board
The shareholders’ nomination board has recently welcomed several distinguished members:
Josefin Degerholm
As the CEO of Nordea Funds Oy and a representative of the Nordea Nordic Small Cap Fund, Josefin brings valuable expertise in financial management and investment strategies.
Janne Kujala
Janne serves as the Head of Nordic Equities at Evli Fund Management Company Ltd, providing insights from his extensive background in equity markets.
Juho Lipsanen
Juho represents Onvest Oy as a Board Member, contributing experience in corporate governance and strategy.
Timo Harvia
Timo is a shareholder at Tiipeti Oy, adding a unique perspective to the board from his personal investment experiences.
Additionally, Heiner Olbrich, Chairman of the Board of Directors of Harvia, plays a crucial advisory role on the board, bringing expertise without holding a formal member title.
Forward-Looking Initiatives
As this newly appointed nomination board prepares to make suggestions for the upcoming 2026 Annual General Meeting, their proposals aim to enhance the governance and leadership of Harvia Plc. Their recommendations will be submitted to the Board of Directors by January 31, 2026, which is a key milestone for the company as it continues its trajectory of growth.
About Harvia Plc
Harvia has cemented its place as a frontrunner in the global sauna market, driven largely by its comprehensive product offerings that cater to both private and professional customers. With a staggering revenue of EUR 175.2 million, the company showcases its exceptional capabilities alongside its team of approximately 700 dedicated professionals dispersed across Finland, the United States, Germany, Romania, China, Hong Kong, Austria, Italy, and Sweden.
Located in Muurame, Finland, Harvia is not just about innovative products but also features one of the largest manufacturing facilities for saunas and related components globally. The company’s strategic location enables efficient operations, contributing to their success in delivering high-quality sauna experiences.
Frequently Asked Questions
What is the purpose of Harvia's Shareholders' Nomination Board?
The board prepares proposals related to the election and remuneration of Board Members and committees for shareholder meetings.
Who are the current members of the Nomination Board?
The current members include Josefin Degerholm, Janne Kujala, Juho Lipsanen, and Timo Harvia, with Heiner Olbrich serving as an expert.
When will the Nomination Board submit its proposals?
The proposals for the 2026 Annual General Meeting will be forwarded to the Board of Directors by January 31, 2026.
How does a shareholder appoint a representative to the board?
They must be among the four largest shareholders based on voting rights as recorded in the shareholders’ register.
What are the key markets for Harvia's products?
Harvia operates in several key markets, including Finland, the United States, and various countries across Europe and Asia.
