Proposals of the Shareholders Nomination Board of Oriola Corporation concerning the Board of Directors to be elected by the 2019 Annual General Meeting

Oriola Corporation Stock Exchange Release 31 January 2019 at 3.30 p.m. 

Proposals of the Shareholders Nomination Board of Oriola Corporation concerning the Board of Directors to be elected by the 2019 Annual General Meeting 

Oriola’s Shareholders’ Nomination Board has presented its proposal to the 2019 Annual General Meeting concerning the composition of the Board of Directors as follows:

• The number of members of the Board of Directors would be seven
• The present members of the Board of Directors Juko-Juho Hakala, Anja Korhonen, Mariette Kristenson, Eva Nilsson Bågenholm, Lena Ridström and Anssi Vanjoki would be re-elected
• Harri Pärssinen would be elected new member of the Board of Directors
• Anssi Vanjoki would be re-elected as Chairman of the Board of Directors 

The Nomination Board has assessed all candidates to the Board of Directors to be independent of the company and its major shareholders. 

Current member of the Board of Directors Staffan Simberg will leave the Board of Directors after the 2019 Annual General Meeting.  

The Nomination Board also proposes to the 2019 Annual General Meeting that the following remunerations would be paid to the members of the Board of Directors:

• Chairman of the Board: fee for term of office of 60,000 euros (48,400 euros)
• Vice chairman of the Board: fee for term of office of 36,000 euros (30,250 euros)
• Chairman of the Audit Committee: fee for term of office of 36,000 euros (30,250 euros)
• Other members of the Board: fee for term of office of 30,000 euros (24,200 euros)
• Attendance fees would remain unchanged and be paid as follows: for Board of Directors meetings 1,000 euros per meeting to the Chairman and 500 euros per meeting to members, and for committee meetings 1,000 euros per meeting for the committee chairman and 500 euros per meeting to members
• Of the fees for term of office, 40 per cent would be paid in Oriola Corporation's class B-shares and 60 per cent would be paid in cash
• Travel expenses would be reimbursed in accordance with the travel policy of the company 

The Board of Directors of Oriola will include these proposals of the Nomination Board in the notice of the 2019 Annual General Meeting. 

Oriola’s Shareholders’ Nomination Board consists of: Pekka Pajamo (Senior Vice-President, Finance, Varma Mutual Pension Insurance Company) as chairman and Peter Immonen (Chairman of the Board of Directors WIP Asset Management Oy, member of the Board of Directors Mariatorp Oy and Wipunen varainhallinta Oy), Mikael Aro (Senior Industry Expert, Triton), Mikko Mursula (Chief Investment Officer, Ilmarinen Mutual Pension Insurance Company), Into Ylppö (M.Sc. [Econ.]) and Anssi Vanjoki, Chairman of the Board of Directors of Oriola as an expert member.

Presentation of Harri Pärssinen:  

Harri Pärssinen (b. 1963, Finnish citizen, M.Sc. [Econ.]) served as APA with Ernst & Young Oy until 2018. During this time, he additionally served as the company’s Chairman of the Board 2013-2018, as CEO 2005-2013 and as CFO during 2000-2005. Pärssinen has during his career acted as the responsible auditor of numerous publicly listed companies.  

Oriola Corporation

Further information:

Pekka Pajamo
Chairman of the Shareholders’ Nomination Board
e-mail: pekka.pajamo@varma.fi

Petter Sandström
General Counsel, secretary to the Board of Directors
tel. +358 10 429 5761
e-mail: petter.sandstrom@oriola.com

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NASDAQ Helsinki Ltd
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Oriola Corporation
Corporate Communications
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FI-02200 Espoo
www.oriola.com