Composition of Kalmar Corporation’s Shareholders’ Nomination Board
Kalmar Corporation has recently appointed new members to its Shareholders’ Nomination Board. The board now comprises four distinguished individuals representing significant shareholders, ensuring strong governance and leadership for the company.
Current Members of the Nomination Board
The newly formed Shareholders’ Nomination Board includes:
- Ville Herlin, appointed by Wipunen varainhallinta oy
- Heikki Herlin, appointed by Mariatorp Oy
- Timo Sallinen, Chief Investment Officer from Varma Mutual Pension Insurance Company
- Mikko Mursula, Chief Investment Officer and Deputy CEO of Ilmarinen Mutual Pension Insurance Company
Function of the Nomination Board
The Nomination Board plays a crucial role in the governance of Kalmar Corporation. According to its Charter, it consists of members who represent the two largest shareholders of class A shares and the two largest shareholders of class B shares, provided they do not have class A shares. This composition strategy reinforces the company’s commitment to reflecting diverse investor interests.
In its advisory capacity, the Nomination Board is responsible for formulating proposals regarding the composition of the Board of Directors, including their election process and remuneration. The proposals are submitted to the Company’s Board of Directors before the Annual General Meeting in January of each year.
Chairperson's Involvement
Jaakko Eskola, the Chair of Kalmar’s Board of Directors, actively participates in the workings of the Nomination Board as an expert advisor. While he does not have a vote, his insights add significant value to discussions around leadership and succession planning.
Kalmar Corporation Overview
Kalmar, a part of Nasdaq Helsinki under the ticker KALMAR, is recognized for its pivotal role in the global supply chain, providing innovative material handling solutions. With headquarters in Helsinki, Finland, Kalmar has a wide operational footprint, serving over 120 countries and employing around 5,200 individuals. The company generated sales of approximately EUR 1.7 billion recently, illustrating its strong market presence and commitment to sustainable practices.
If you would like to learn more about Kalmar's initiatives or have any inquiries, please reach out to:
Carina Geber-Teir, Senior Vice President of Investor Relations, Marketing & Communications, phone: +358 40 502 4697.
Frequently Asked Questions
What is the role of the Shareholders’ Nomination Board?
The Shareholders’ Nomination Board formulates proposals regarding the membership and remuneration of the Board of Directors, enhancing the governance of Kalmar Corporation.
Who are the current members of the Nomination Board?
The current members include Ville Herlin, Heikki Herlin, Timo Sallinen, and Mikko Mursula.
How are members appointed to the Nomination Board?
Members are appointed by the two largest shareholders of class A shares and the two largest shareholders of class B shares without class A shares.
What kind of company is Kalmar Corporation?
Kalmar Corporation is a global leader in material handling equipment and services, focused on innovative and sustainable solutions for critical supply chains.
Where is Kalmar headquartered?
Kalmar is headquartered in Helsinki, Finland, with operations in over 120 countries worldwide.
