The proposal of
Proposal for the composition of the Board of Directors
Valmet's Nomination Board proposes to the next Annual General Meeting, which is planned to be held on
·
· Per Lindberg is elected as a new Board member, and
· Mikael Mäkinen is re-elected as the Chairman of the Board and
"The proposed Board composition possesses an extensive and mutually complementary experience from international companies, varied educational background and relevant qualifications. I believe it supports Valmet's business operations and good corporate governance", says Antti Mäkinen, Chairman of the Nomination Board.
The Nomination Board notes that all proposed Board members are independent of the company. With the exception of
Proposed new member for the Board of Directors
Per Lindberg (born 1959) is currently Senior Advisor at
The current members of the Board of Directors are presented on Valmet's website https://www.valmet.com/investors/governance/board-of-directors/.
Proposal for the remuneration of the Board of Directors
The Nomination Board proposes to the Annual General Meeting that the annual remuneration payable to the members of the Board of Directors to be elected at the Annual General Meeting for the term until the close of the Annual General Meeting in 2022 be increased and as follows:
·
·
·
Furthermore, the Nomination Board proposes that a base fee of
In addition, the Nomination Board proposes that a meeting fee in the amount of
For meetings in which a Board member participates via remote connection, including the meetings of the committees of the Board of Directors, the Nomination Board proposes that a meeting fee of
The Nomination Board proposes to the Annual General Meeting that as a condition for the annual remuneration, the members of the Board of Directors are obliged directly based on the Annual General Meeting's decision to use 40 percent of the fixed annual remuneration for purchasing
The Nomination Board
Antti Mäkinen (CEO,
Valmet's Board of Directors will include these proposals into the notice of the Annual General Meeting 2021, which is estimated to be published on
Further information, please contact:
Antti Mäkinen, Chairman of Valmet's Nomination Board, tel. +358 10 830 8905
VALMET
CFO
Director, Investor Relations
Valmet is the leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries. We aim to become the global champion in serving our customers.
Valmet's strong technology offering includes pulp mills, tissue, board and paper production lines, as well as power plants for bioenergy production. Our advanced services and automation solutions improve the reliability and performance of our customers' processes and enhance the effective utilization of raw materials and energy.
Valmet's net sales in 2019 were approximately
Read more www.valmet.com, www.twitter.com/valmetglobal
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https://news.cision.com/valmet-oyj/r/the-proposal-of-valmet-s-shareholders--nomination-board-for-the-composition-and-remuneration-of-the-,c3246208
https://mb.cision.com/Main/19721/3246208/1341911.pdf
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