Composition of the Valmet Nomination Board

Composition of the Valmet Nomination Board

HELSINKI, July 4, 2022 /PRNewswire/ —

Valmet Oyj stock exchange announcement on July 4, 2022 at 4:00 p.m. EEST

In accordance with the decision of the annual general meeting of Valmet Oyj, the nomination committee of Valmet is composed of the representatives of the four main shareholders of Valmet at July, 1st, and the Chairman of the Board of Directors as an expert member. If a shareholder does not wish to exercise his right to appoint, that right will be transferred to the next largest shareholder who would otherwise not have the right to appoint a member.

According to the Euroclear shareholder register of July 1, 2022, the main shareholders of Valmet Oyj represented in the Appointments Committee are Solidium Oy, Oras Invest Oy, Ilmarinen Mutual Pension Insurance Company and Cevian Capital Partners Limited. The following individuals have been appointed as their representatives on the Valmet Nominating Committee:

  • Annareetta Lumme-Timonen, Chief Investment Officer, Solidium Oy (10.10% of capital and votes)
  • Jari Paasikivi, Chairman of the Board, Oras Invest Oy (3.94% of capital and votes)
  • Mikko Mursula, Deputy Managing Director, Investments, Ilmarinen Mutual Pension Insurance Company (3.01% of share capital and votes)
  • Philippe AhlgrenVice-Chairman, Cevian Capital Partners Limited (2.39% of capital and votes)

Mikael Mäkinen, chairman of the board of directors of Valmet, will be an expert member of the nomination committee. The nomination committee should prepare proposals on the composition and members of the board of directors and their remuneration for the next annual general meeting, which should be held on March 22, 2023.

For more information, please contact:

Rasmus Oksala, General Counsel, Valmet, tel. +358 50 317 3830
Pekka Rouhiainen, Director, Investor Relations, Valmet, tel. +358 10 672 0020

VALMET

Katri Hokkanen
Acting Chief Financial Officer
Pekka Rouhiainen
Director, Investor Relations

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www.valmet.com

Valmet is one of the world’s leading developers and suppliers of process, automation and service technologies for the pulp, paper and energy industries. With our automation systems and flow control solutions, we serve an even broader base of process industries.

We aim to become the world champion in service to our customers. Our 17,000 professionals work close to our customers and are committed to improving our customers’ performance every day.

The company has over 220 years of industrial history and a solid track record of continuous improvement and renewal. In 2022, a major milestone was reached when the flow control company Neles was merged with Valmet. The company’s combined net revenue in 2021 was approximately 4.5 billion euros based on the company’s respective figures.

Valmet’s shares are listed on Nasdaq Helsinki and the head office is in Espoo, Finland.

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SOURCEValmet Oyj

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