Proposal of Nomination Board for Board members

PROPOSAL OF THE SHAREHOLDERS' NOMINATION BOARD FOR 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 21 March 2019 that Mr Petri Helsky, Mr Reima Kerttula, Ms Helena Nordman-Knutson and Mr Jouko Peussa be re-elected as members of the Board of Directors for the term ending at the closure of the Annual General Meeting of 2020. The Nomination Board also proposes that Ms Maija Strandberg be elected as new member of the Board of Directors. Of the current Board of Directors’ members, Mr Kai Kauto (member since 2017) has informed that he is not available for re-election.

Maija Strandberg (49) is currently CFO of Uponor Corporation. Uponor is a leading international systems and solutions provider for safe drinking water delivery, energy-efficient radiant heating and cooling and reliable infrastructure. Previously Ms Strandberg has, among other positions, served as VP, Finance, Pulp and Energy and Paper business lines at Valmet and as CEO of ALSO Nordic Holding Oy. She holds an M.Sc. in economics.

The Nomination Board further proposes Reima Kerttula to be elected as Chairman of the Board of Directors for the term ending at the closure of the Annual General Meeting of 2020.

All nominees are independent of the Company and its major shareholders, and have given their consent for the election.

Link to release (published 30.1.2019) »

 

Reima Kerttula

Born 1955, M.Sc. (Eng.)
Chairman of the Board
Chairman of the Board since 2016
Member of the Board since 2009
Finnish citizen

Holdings: 12,851 Exel Composites shares* (on 31 December 2018)

* Includes shares owned through life insurance

Previous main positions
Amerplast Ltd., COO of the holding company, Managing Director of the operative companies
Senior Vice President, Flexibles, Suominen Corporation
President & CEO, Tamfelt Corporation 
President, Metso Fabrics Inc.
Senior Vice President, Paper and Board Business Line, Metso Paper Inc.

Key positions of trust (current)
Member of the Board of Directors and co-owner, Amerplast Ltd.

Independence
Independent of the Company and its major shareholders
______

 

Petri Helsky

Born 1966, M.Sc. (Eng.), M.Sc. (Econ.)
CEO of Suominen Corporation
Member of the Board since 2016
Finnish citizen

Holdings: 3,867 Exel Composites shares (on 31 December 2018)

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

         
Independence
Independent of the Company and its major shareholders
______

 

Helena Nordman-Knutson

Born 1964, M.Sc (Pol. Sciences), M.Sc (Econ.) 
Executive Director, Hallvarsson & Halvarsson
Member of the Board since 2017
Finnish citizen

Holdings: 2,725 Exel Composites shares (on 31 December 2018)

Previous main positions
Sales Director and Senior Consultant, Springtime
Head of Telecom Research, Pareto Öhman
Head of Telecom Research and partner, Öhman Fondkommission
Head of Telecom Research, SEB
 
Key positions of trust (current)
Member of the Board, Chairman of the Audit Committee, Alimak Group
Member of the Board, Lexington Group
Member of the Board, IAR Systems
 
Independence
Independent of the Company and its major shareholders
______

 

Jouko Peussa

Born 1957, Licentiate of Technology
Director, Innovation & Technology, Ingersoll Rand Compression Technologies
Member of the Board since 2016
Finnish citizen   

Holdings: 3,867 Exel Composites shares (on 31 December 2018)

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
______

          

Maija Strandberg

Born 1969, M.Sc (Econ)
CFO, Uponor Corporation
No Exel Composites holdings
Finnish citizen

No Exel Composites holdings

Previous main positions
VP, Finance, Pulp and Energy Business Line, Valmet
VP, Finance, Paper Business Line, Valmet
CEO, ALSO Nordic Holding Oy
CFO, ALSO (GNT) Nordic Holding Oy

Key positions of trust (current)
Member of the Board of Directors, VR Group

Independence
Independent of the Company and its major shareholders
______

 

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