Cargotec's Board of Directors' proposal for a change in the Articles of Association and the composition and remuneration of the Board of Directors
(Thomson Reuters ONE) -
CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 16 DECEMBER 2016 AT 4.00 P.M.
(EET)
Cargotec's Board of Directors' proposal for a change in the Articles of
Association and the composition and remuneration of the Board of Directors
Change to the Articles of Association
Cargotec's Board of Directors proposes to the next Annual General meeting, to be
held on 21 March 2017, that the Articles of Association of the company be
changed regarding the number of regular and deputy members of the Board of
Directors. The minimum number of members is proposed to be changed to six (6),
the maximum number to twelve (12), and there would be no deputy members.
Board Composition
Cargotec's Nomination and Compensation Committee proposes to the Annual General
meeting, that the number of members of the Board of Directors will be ten (10),
and that for a term of office expiring at the end of the first Annual General
meeting following their election, current Board members Kimmo Alkio, Jorma
Eloranta, Tapio Hakakari, Ilkka Herlin, Peter Immonen, Kaisa Olkkonen, Teuvo
Salminen and Heikki Soljama, be re-elected to the Board of Directors.
As new Board members, the committee proposes Teresa Kemppi-Vasama (b. 1970,
(M.Pol.Sc., social psychology), MBA) and Johanna Lamminen (b. 1966, Licentiate
(Tech.), Dr. des., MBA). They both possess strong international business and
strategic experience, which supplements the Board of Directors' skill base e.g.
in the areas of production, energy, financing and digitalisation, and supports
Cargotec's strategic goal to become the market leader in intelligent cargo
handling.
Mrs. Teresa Kemppi-Vasama is the Executive Chairman of the Board of Kemppi Oy, a
world-leading manufacturer of arc welding equipment and a provider of solutions
for highly productive welding. Kemppi-Vasama has been on the board of Kemppi
Oy's parent company and worked in several strategy and business development
positions at Kemppi during 2009-2014.
Mrs. Johanna Lamminen is the CEO of Gasum Ltd., a Finnish energy company and the
number one expert in the gas sector in the Nordic countries. Lamminen is on the
Board of Tieto Plc and Evli Bank Plc, and she has held CEO and CFO positions at
Danske Bank, Finland.
Remuneration payable to the members of the Board of Directors
The Nomination and Compensation Committee of the Board of Directors proposes
that a yearly remuneration of EUR 85,000 will be paid to the Chairman of the
Board, EUR 60,000 to the Vice Chairman, EUR 60,000 to the Chairman of the Audit
and Risk Management Committee and EUR 45,000 to the other Board members. In
addition, members are proposed to be paid EUR 1,000 for attendance at board and
committee meetings. According to the proposal, 30 percent of the yearly
remuneration will be paid in Cargotec's class B shares and the rest in cash, and
Cargotec will cover the transfer taxes related to the Board remuneration paid in
shares.
Nomination and Compensation Committee
The Nomination and Compensation Committee is chaired by Ilkka Herlin, and the
members are Jorma Eloranta, Peter Immonen and Tapio Hakakari.
The detailed proposals by the Board of Directors and the Nomination and
Compensation Committee will be included in the notice of the Annual General
meeting, which will be published later.
More information:
Tapio Hakakari, Vice Chairman of the Board, member of the Nomination and
Compensation Committee
Tel. +358 400 408 316
Cargotec (Nasdaq Helsinki: CGCBV) is a leading provider of cargo and load
handling solutions with the goal of becoming the leader in intelligent cargo
handling. Cargotec's business areas Kalmar, Hiab and MacGregor offer products
and services that ensure our customers a continuous, reliable and sustainable
performance. Cargotec's sales in 2015 totalled approximately EUR 3.7 billion and
it employs over 11,000 people. www.cargotec.com
Johanna-Lamminen-image:
http://hugin.info/135578/R/2066113/775621.jpg
Teresa-Kemppi-Vasama-image:
http://hugin.info/135578/R/2066113/775623.jpg
Johanna-Lamminen-CV-EN:
http://hugin.info/135578/R/2066113/775620.pdf
Teresa-Kemppi-Vasama-CV-EN:
http://hugin.info/135578/R/2066113/775622.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Cargotec Corporation via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 16.12.2016 - 15:00 Uhr
Sprache: Deutsch
News-ID 513458
Anzahl Zeichen: 5081
contact information:
Town:
Helsinki
Kategorie:
Business News
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