Outokumpu announced that the company's shareholders nomination board has held its first meeting on October 16, 2013. On October 1, 2013 the four larger shareholders of the company were ThyssenKrupp AG, Solidium Oy, The Social Insurance Institute of Finland and Varma Mutual Pension Insurance Company. They have appointed the people as their representatives on the nomination board: Guido Kerkhoff, CFO at ThyssenKrupp AG and also member of the company's board of directors, Kari Järvinen, Managing Director at Solidium Oy, Tuula Korhonen, Investment Director at The Social Insurance Institute of Finland and Pekka Pajamo, CFO at Varma Mutual Pension Insurance Company.
The nomination board has elected among its members Kari Järvinen as Chairman. In addition, the Chairman of the company board of directors Jorma Ollila serves as an expert member in the nomination board.