Orthex Corporation announced that in accordance with the Charter of the Shareholders' Nomination Board, Juuso Kivinen has resigned from the Nomination Board on 1 December 2021 as the shareholder he represented, Sponsor Fund IV Ky, the company's former majority shareholder, sold the rest of its shares in an accelerated book-building process on 17 November 2021 following the expiry of the lock-up period agreed on in connection with the company's IPO. As a result, the representatives of the four large shareholders in the Nomination Board are: Maarit Toivanen, CEO, Chair of Board of Directors, Conficap Oy, Annika Ekman, Head of Direct Equity Investments, Mutual Pension Insurance Company Ilmarinen, Mats S?derstr?m, CEO, Thomasset Oy and as an expert member?Sanna Suvanto-Harsaae, Chair of Orthex's Board of Directors.?Maarit Toivanen chairs the Nomination Board. The duties of the Shareholders' Nomination Board include:?preparing and presenting a proposal to the Annual General Meeting concerning the remuneration of the members of the Board of Directors.?preparing and presenting a proposal concerning the number of members of the Board of Directors to be made to the Annual General Meeting within the frames of the Articles of Association. preparing and presenting to the Annual General Meeting a proposal concerning the composition of the Board of Directors; and?the search for candidates to succeed the members of the Board of Directors.
Orthex Oyj is a Finland-based houseware company, that designs, produces and sells household products with a mission to make consumers? everyday life easier. Orthex's products cover multifunctional assortment of storage boxes, kitchen products and products for home and yard. The Company markets and sells its products under three main consumer brands: SmartStore, GastroMax and Orthex. In addition, it sells externally produced kitchen products under the Kokskungen brand. The Company serves various customer types in retail, such as traditional convenience stores, specialty and hardware retailers, online stores, and department stores. Orthex Group has customers in 40 countries and on four continents. It has three factories of its own in Finland and in Sweden.
ORTHEX OYJ 
