Proposal of Nomination Board for Board members

PROPOSAL OF THE SHAREHOLDERS' NOMINATION BOARD FOR THE BOARD OF DIRECTORS

 

The Nomination Board proposes that the number of members of the Board of Directors shall be confirmed to be five (5) and 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 2021. The Nomination Board also proposes that Ms Kirsi Sormunen be elected as new member of the Board of Directors. Of the current Board of Directors’ members, Ms Maija Strandberg (member since 2019) has informed that she is not available for re-election.

Kirsi Sormunen (born 1957) is a member of the Board of Directors of VR Group, DNA and Finnish Innovation Fund Sitra, among others. Ms Sormunen has a long career at Nokia and has previously held several leadership positions in Finance, Control and Sustainability at Nokia Corporation. She holds a Master’s degree 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 2021.

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

Link to release (published 29 January 2020) »

 

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: 16,900 Exel Composites shares* (on 31 December 2019)

* 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: 5,743 Exel Composites shares (on 31 December 2019)

Previous main positions
CEO, Metsä Tissue
Member of Management Board, Metsä Group
Member of Management Board, Kemira
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, Partner, Hallvarsson & Halvarsson
Member of the Board since 2017
Finnish citizen

Holdings: 4,601 Exel Composites shares (on 31 December 2019)

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, Catella Fondbolag
Member of the Board, SFF Sveriges Finansanalytikers Förening

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: 5,743 Exel Composites shares (on 31 December 2019)

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

______

  

Kirsi Sormunen
Born 1957, M.Sc (Econ)

No Exel Composites holdings
Finnish citizen

Previous main positions
Head of Nokia Bridge, Vice President, CSR, Nokia
Vice President, Sustainability/CSO, Nokia Oyj
Vice President, Head of Environmental Affairs, Nokia Oyj
Vice President, Strategy Development, Nokia
Finance Director/CFO, Nokia Americas

Key positions of trust (current)
Member of the Board of Directors, VR Group
Member of the Board of Directors, DNA
Member of the Board of Directors, Sitra
Member of the Board, Unicef Finland
Senior Advisor, Directors’ Institute of Finland, DIF Advisory Board Member, Lappeenranta University of Technology

Independence
Independent of the Company and its major shareholders

______

 

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