Munksjö: Proposals of the Shareholders' Nomination Board to the Annual General Meeting 2016
Helsinki, Finland, 2016-01-26 08:15 CET (GLOBE NEWSWIRE) --
MUNKSJÖ OYJ, STOCK EXCHANGE RELEASE 26 January 2016 at 8.15 a.m. CET
Munksjö: Proposals of the Shareholders' Nomination Board to the Annual General
Meeting 2016
The Nomination Board comprises representatives of the three largest
shareholders of the company and, in addition, of the Chairman of the Board of
Directors and a person nominated by the company's Board of Directors, as expert
members. According to its charter, the Nomination Board shall submit its
proposals to the Board of Directors at the latest on 31 January preceding the
next Annual General Meeting.
The Annual General Meeting of Munksjö Oyj will be held on Wednesday, 6 April
2016 at the Finlandia Hall in Helsinki. The notice to convene the Annual
General Meeting will be given later on by the Board of Directors.
On 16 June 2015, Thomas Ahlström (Ahlström Capital Oy and others), Alexander
Ehrnrooth (Viknum AB) and Mikko Mursula (Ilmarinen Mutual Pension Insurance
Company) were appointed to the Nomination Board. The Chairman of the Board of
Directors Peter Seligson acts as an expert member of the Nomination Board in
addition to which the Board of Directors elected Fredrik Cappelen as the second
expert member. Among its members, the Nomination Board elected Thomas Ahlström
as Chairman.
The Nomination Board has at its meeting today submitted the following proposals
to the Annual General Meeting 2016;
Proposal on the composition of the Board of Directors
The number of Board members shall increase by one and shall be confirmed at
seven (7). Current members of the Board of Directors; Peter Seligson (born
1964), Sebastian Bondestam (born 1962), Elisabet Salander Björklund (born
1958), Hannele Jakosuo-Jansson (born 1966) and Alexander Ehrnrooth (1974) shall
be re-elected. Anna Ohlsson-Leijon and Mats Lindstrand shall be elected as new
members of the Board of Directors. Fredrik Cappelen, current member of the
Board, has informed the Nomination Board that he is not available for
re-election.
The proposed members of the Board of Directors have indicated that they, if
elected, will elect Peter Seligson as the Chairman of the Board and Elisabet
Salander Björklund as the Deputy Chairman of the Board.
Ms. Anna Ohlsson-Leijon (born 1968), Swedish citizen, B.Sc. (Bus. Adm.) joined
Electrolux AB in 2001 and is currently CFO in the Business Area Major
Appliances, EMEA. Her previous positions within the company include SVP, Head
of Corporate Control & Services and SVP, Group Treasurer. Ms. Ohlsson-Leijon
has held and currently holds positions of trust. She is Deputy Chairman of the
Board of Directors of SEB Investment Management AB. Ms. Ohlsson-Leijon is
independent of the company and its significant shareholders.
Mr. Mats Lindstrand (born 1959), Swedish citizen, M.Sc. (Civil Engineering) and
MBA, is currently the Managing Partner at BioMass Capital AB. Mr Lindstrand
holds several positions of trust, he is the Chairman of the Board in both
Sensec AB and FRISQ AB, a member of the Board of Directors at Papyrus AB, Sirva
Inc. and Erik Andersson AB. He is also senior advisor at McKinsey&Company and
Triton Advisers Ltd. Mr. Lindstrand is independent of the company and its
significant shareholders.
The CV's of the current members of the Board of Directors are available at
www.munksjo.com.
Proposal to amend the Charter of the Nomination Board following the new
Corporate Governance Code
The Nomination Board will also make a proposal to the Annual General Meeting,
which will be included in the notice to the Annual General Meeting, regarding
some amendments to its Charter mainly resulting from the entry into force of
the new Finnish Corporate Governance Code on 1 January 2016. Also some
amendments of a mainly technical nature will be proposed.
Proposal on the remuneration of the members of the Board of Directors, the
Board committees and the Nomination Board
The annual remuneration of the Board of Directors shall remain unchanged with
the exception of the Deputy Chairman. The Chairman shall receive EUR 80,000 a
year, the Deputy Chairman 50,000 EUR and the ordinary members EUR 40,000 each.
The annual remuneration of the Board committees shall remain unchanged. The
chairman of the Audit Committee shall annually receive EUR 12,000 and the
ordinary members EUR 6,000 each. The chairman of the Remuneration Committee
shall annually receive EUR 6,000 and the ordinary members EUR 3,000 each.
The chairman of the Nomination Board shall annually receive EUR 6,000 and the
ordinary members EUR 3,000 each.
Travel expenses are proposed to be reimbursed in accordance with the company's
travel policy.
Munksjö Oyj
For more information, please contact:
Gustav Adlercreutz, Secretary of the Board of Directors and the Nomination
Board, tel. +358 10 234 5001
Munksjö - Intelligent paper technology
Munksjö is a world-leading manufacturer of advanced paper products developed
with intelligent paper technology. Munksjö offers customer-specific innovative
design and functionality in areas ranging from flooring, kitchens
andfurnishings to release papers, consumer-friendly packaging and energy
transmission. The transition to a sustainable society is a natural driving
force for Munksjö's growth as the products can replace non-renewable
materials.This is what "Made by Munksjö" stands for. Given Munksjö's global
presence and way of integrating with the customers, the company forms a
worldwide service organisation with approximately 2,900 employees and 15
facilities located in France, Sweden, Germany, Italy, Spain, Brazil and China.
Munksjö's share is listed on Nasdaq in Helsinki and Stockholm. Read more at
www.munksjo.com.