The Nomination Board will propose that
Furthermore, the Nomination Board will propose that
All the Board member candidates have given their consent to be elected and have been assessed to be independent of the company and its significant shareholders, except for Antti Mäkinen, who has been assessed to be independent of the company but not independent of its significant shareholder.
The Nomination Board will propose fixed annual remuneration to the Board members as follows (current remuneration in brackets):
- Chair
EUR 156,000 (EUR 150,000 ) -
Vice Chair
EUR 82,500 (EUR 80,000 ) -
Other members
EUR 67,000 (EUR 65,000 )
An additional remuneration will be proposed to be paid to the Board members that are elected as members of the
- Chair of the Audit & Risk Committee
EUR 23,800 (EUR 23,000 ) -
Members of the Audit & Risk Committee
EUR 10,300 (EUR 10,000 ) -
Chair of the Remuneration and HR Committee
EUR 12,400 (EUR 12,000) -
Member of the Remuneration and HR Committee
EUR 5,150 (EUR 5,000 )
The Nomination Board will propose that, as a condition for the annual remuneration, the Board members should be obliged, directly based on the Annual General Meeting's decision, to use 20% or 40% of their fixed total annual remuneration for purchasing
The Nomination Board will propose the following meeting fees to be paid for attending the meetings of the Board and its committees:
EUR 900 for meetings requiring travel within the Nordic countriesEUR 1,800 for meetings requiring travel within a continentEUR 3,000 for meetings requiring intercontinental travelEUR 900 for meetings with remote attendance
- Annareetta Lumme-Timonen (Investment Director,
Solidium Oy ) as Chair -
Niko Pakalén (Partner,
Cevian Capital Partners Ltd. ) Risto Murto (President and CEO,Varma Mutual Pension Insurance Company )-
Mikko Mursula (Deputy CEO,
Ilmarinen Mutual Pension Insurance Company ) Kari Stadigh (Chair ofMetso Outotec's Board of Directors)
The Shareholders' Nomination Board consists of the representatives of the four largest registered shareholders of the company based on the ownership situation as of
Further information, please contact:
Annareetta Lumme-Timonen, Chair of the Shareholders' Nomination Board, tel. +358 10 830 8910
Distribution:
Main media
www.mogroup.com
Headquartered in
https://news.cision.com/metso-outotec-oyj/r/shareholders--nomination-board-s-proposals-regarding-the-composition-and-remuneration-of-the-board-o,c3445250
https://mb.cision.com/Public/19166/3445250/bb5493fe013839be.pdf
https://mb.cision.com/Public/19166/3445250/a269377aa241e7eb.pdf
(c) 2021 Cision. All rights reserved., source