Proposal of the Shareholders' Nomination Board for members of the Board of Directors

The Shareholders’ Nomination Board elected by the Annual General Meeting of Exel Composites Plc proposes to the Annual General Meeting to be held on 17 March 2016 that the current members of the Board of Directors, Heikki Hiltunen, Matti Hyytiäinen and Reima Kerttula be re-elected as members of the Board for the term ending at the closure of the Annual General Meeting of 2017. The Nomination Board also proposes that Jouko Peussa and Petri Helsky be elected as new members of the Board of Directors.

Jouko Peussa (58) is currently Engineering & Technology Director of Ingersoll Rand Compression Technologies. Ingersoll Rand is an international company with a turnover of USD 12.9 billion. Jouko Peussa has served Ingersoll Rand in various senior management positions. He is a Licenciate of Technology.

Petri Helsky (49) is currently CEO of Metsä Tissue. Metsä Tissue is an international company producing tissue paper and baking and cooking paper with a turnover of some EUR 1 billion. Previously Petri Helsky has served Kemira in several senior management positions. He holds an M.Sc. in Economics and an M.Sc. in Engineering.

Peter Hofvenstam (Chairman of the Board since 2008 and member of the Board since 2001) and Kerstin Lindell (member of the Board since 2014) have informed that they are not available for re-election.

The Nomination Board further proposes that the Annual General Meeting resolves to elect Reima Kerttula as Chairman of the Board of Directors and Matti Hyytiäinen as the Vice Chairman of the Board of Directors for the term ending at the closure of the Annual General Meeting of 2017.

All nominees have given their consent for the election.

 

 

Heikki Hiltunen, b. 1962, B.Sc. (Eng.)
SVP of Sales, Marketing and Service for Danfoss Drives at Danfoss            
Member of the Board since 2011
Holdings: 3,685 Exel Composites shares
Finnish citizen

Previous main positions
Executive Vice President and Deputy to CEO of Vacon Plc
Vice President Sales, Marketing & Service, Vacon Plc
Managing Director of Tellabs Oy and Vice President & General Manager for Europe, Middle East and Africa of Tellabs International

Key positions of trust
Chairman of the Board, Hockey-Team Vaasan Sport Oy

Independence
Independent of the Company and its major shareholders

 

 

Matti Hyytiäinen, b. 1960, M.Sc. (Econ.)
President and CEO, PKC Group Plc
Member of the Board since 2015
Holdings: 773 Exel Composites shares
Finnish Citizen

Previous main positions
President and CEO, Etteplan Plc
Senior Vice President, KONE Plc, escalator business unit
President, KONE Elevators Co. Ltd

Key positions of trust
Vice Chairman of the Board, Kemppi Plc

Independence
Independent of the Company and its major shareholders

 

Reima Kerttula, b. 1955, M.Sc. (Eng.)
COO, Amerplast Ltd.
Member of the Board since 2009
Holdings: 3,685 Exel Composites shares
Finnish citizen

Previous main positions
Senior Vice President, Flexibles, Suominen Corporation
President, Metso Fabrics Inc.
President & CEO, Tamfelt Corporation
Senior Vice President, Metso Paper Inc, Paper and Board Business Line, Paper and Board Machines

Independence
Independent of the Company and its major shareholders
 

 

 

Jouko Peussa, b. 1957, Licenciate of Technology
Engineering & Technology Director, Ingersoll Rand Compression Technologies
No Exel Composites holdings
Finnish citizen   

Previous main positions
Technology Director, Ingersoll Rand Compressed Air Systems and Services
Engineering Director EMEA, Ingersoll Rand Industrial Technologies
Engineering Director ESA, Ingersoll Rand Industrial Technologies

Independence
Independent of the Company and its major shareholders

 

Petri Helsky, b. 1966, M.Sc. (Econ.), M.Sc. (Eng.)
CEO of Metsä Tissue, Member of the Metsä Group Management Board
No Exel Composites holdings
Finnish citizen

Previous main positions
Member of Kemira Management Board
President, Asia-Pacific Region, Kemira
President, Paper Segment, Kemira            

Independence
Independent of the Company and its major shareholders

 

Exel Composites Oyj, Vantaa head office, Mäkituvantie 5, FI-01510 Vantaa, Finland