The election committee's recommendation of members in Norske Skog's governing bodies
(Thomson Reuters ONE) -
The election committee in Norske Skog proposes Siri Beate Hatlen and Karen
Kvalevåg as new members of the Board of Directors of Norske Skog. The Board of
Directors proposes to the general meeting to discontinue the corporate assembly
in Norske Skogindustrier ASA.
"The proposals of the election committee are unanimous. The proposed candidates
will strengthen Norske Skog in what is a demanding period for the company," says
the chair of the election committee, Tom Ruud.
The board of directors
The election committee proposes the re-election of Eivind Reiten as chair of the
board. The committee proposes re-election of Helge Evju, Finn Johnsson and Åse
Aulie Michelet on the board of directors. The committee proposes Siri Beate
Hatlen and Karen Kvalevåg as new members of the board of directors.
Siri Beate Hatlen (54) has extensive board and management experience from the
private and public sectors and has worked extensively with reorganization and
restructuring of organisations. She is currently the chair of Sevan Marine ASA
and 2016 Winter Youth Olympic Games, member of the Interim Board of the new
export financing (in Norway) and member of the board at Unibuss AS. She holds a
masters degree in Engineering from NTH (now NTNU, Trondheim, Norway) and an MBA
from INSEAD.
Karen Kvalevåg (45) is the CEO of Umoe Restaurant Group. She is a chartered
accountant from NHH (Bergen, Norway), and has extensive financial and accounting
background in addition to management and business development.
In addition to the shareholder-elected board members, three members will be
elected by Norske Skog's employees. The election committee proposes the deputy
chair function be discontinued.
The corporate assembly
The board of directors proposes that the general meeting decides to discontinue
the corporate assembly of Norske Skogindustrier ASA. Norske Skog's corporate
assembly consists of 12 shareholder-elected members, and six members elected by
and among the employees, all of whom serve a one year term. If the general
meeting decides to continue with the corporate assembly, the election committee
proposes the re-election of the following shareholder-elected members to the
corporate assembly: Tom Ruud (chair), Tom Ratkhe (deputy chair), Emil Aubert,
Ragnhild Borchgrevink, Maalfrid Brath, Ann Kristin Brautaset, Helge Leiro
Baastad, Even Mengshoel, Karen Helene Ulltveit-Moe and Olav Veum. The election
committee proposes Eilif Due as a new member of the corporate assembly.
The election committee
The election committee proposes that Tom Ruud (chair), Ole H. Bakke, Helge Leiro
Baastad and Kirsten Idebøen be re-elected as members of the election committee.
This year's election process
If the general meeting on 25 April decides to discontinue the corporate
assembly, the members to the board of directors and the election committee will
be elected by the general meeting. If the general meeting does not discontinue
the corporate assembly, the members of the corporate assembly and the election
committee will be elected by the general meeting, whereas the members of the
Board will be elected by the corporate assembly later the same day.
Overview
Should the recommendations of the election committee and board of directors be
adopted, the governing bodies in Norske Skog will be composed of the following
shareholder-elected members after this year's general meeting:
+------------------------+------------------------+
| The board of directors | The election committee |
| | |
| | |
| Eivind Reiten (chair) | Tom Ruud (chair) |
| Helge Evju | Ole H. Bakke |
| Siri Beate Hatlen | Helge Leiro Baastad |
| Finn Johnsson | Kirsten Idebøen |
| Karen Kvalevåg | |
| Åse Aulie Michelet | |
+------------------------+------------------------+
Oxenøen, 2 March 2012
Norske Skog
Corporate communication
For further information:
Carsten Dybevig
Vice president corporate communication
Mob.: +47 917 63 117
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Norske Skog via Thomson Reuters ONE
[HUG#1590814]
Unternehmensinformation / Kurzprofil:
Datum: 02.03.2012 - 08:46 Uhr
Sprache: Deutsch
News-ID 121000
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contact information:
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Kategorie:
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