Metso's Nomination Board's proposal for the composition and remuneration of the Board of Directors
(Thomson Reuters ONE) -
Metso's Nomination Board's proposal for the composition and remuneration of the
Board of Directors
Metso Corporation, stock exchange release, January 23, 2017 at 3:15 p.m. EET
Proposal on the composition of Board of Directors
Metso Corporation's Nomination Board proposes to the next Annual General
Meeting, which will be held on March 23, 2017, that the number of members of the
Board of Directors will be seven and that Mikael Lilius, Christer Gardell, Ozey
K. Horton, Jr., Lars Josefsson, Nina Kopola, Peter Carlsson and Arja Talma will
be re-elected as members of the Board of Directors. Wilson Nélio Brumer has
informed that he is not available for re-election. Mikael Lilius is proposed to
be re-elected as Chairman of and Christer Gardell as Vice Chairman of the Board.
More information on the proposed Board members and independence assessments are
available on company's website at www.metso.com.
Proposal on Board of Directors' remuneration
The Nomination Board proposes to the General Meeting that the members of the
Board of Directors to be elected for a term of office ending at the end of the
Annual General Meeting of 2018 will be paid the same fixed annual remuneration
as in the previous term as follows: to the Chairman of the Board of Directors
EUR 110,000; to the Vice Chairman EUR 62,000; to the other Board members EUR
50,000 each; to the member of the Board to be elected in the position of
Chairman of the Audit Committee an additional remuneration of EUR 15,000; and to
the member of the Board to be elected in the position of Chairman of the HR and
Remuneration Committee an additional remuneration of EUR 5,000.
The Nomination Board proposes that the meeting fees remain the same as in the
previous term, that is, for each meeting of the Board of Directors or its
committees a fee of EUR 700 will be paid to the members of the Board that reside
in the Nordic countries, a fee of EUR 1,400 will be paid to the members of the
Board that reside in other European countries and a fee of EUR 2,800 will be
paid to the members of the Board that reside outside Europe. The Nomination
Board furthermore proposes that, as a condition for the annual remuneration, the
members of the Board of Directors are obliged, directly based on the General
Meeting's decision, to use 40% of the fixed total annual remuneration for
purchasing Metso Corporation's shares from the market at a price formed in
public trading and that the purchase will be carried out within two weeks from
the publication of the interim review for the period January 1, 2017, to March
31, 2017.
Metso's Board of Directors will include these proposals into the notice of the
Annual General Meeting of 2017.
Personnel participation
The Nomination Board notes that, also during the commencing term of office of
the Board of Directors, a personnel representative will participate as an
external expert in the meetings of the Board within the limitations imposed by
the Finnish law. The new Board of Directors will invite the personnel
representative as its external expert in its organizing meeting after the Annual
General Meeting of 2017.
The Nomination Board
The Nomination Board consists of Kari Järvinen (Managing Director, Solidium Oy),
Niko Pakalén (Partner, Cevian Capital AG), Risto Murto (President and CEO, Varma
Mutual Pension Insurance Company), Mikko Mursula (Chief Investment Officer,
Ilmarinen Mutual Pension Insurance Company) and Metso's Chairman of the Board
Mikael Lilius as an expert member.
Metso is a world leading industrial company serving the mining, aggregates,
recycling, oil, gas, pulp, paper and process industries. We help our customers
improve their operational efficiency, reduce risks and increase profitability by
using our unique knowledge, experienced people and innovative solutions to build
new, sustainable ways of growing together.
Our products range from mining and aggregates processing equipment and systems
to industrial valves and controls. Our customers are supported by a broad scope
of services and a global network of over 80 service centers and about 6,400
services professionals. Metso has an uncompromising attitude towards safety.
Metso is listed on the NASDAQ OMX Helsinki, Finland, and had net sales of about
EUR 2.9 billion in 2015. Metso employs over 12,000 persons in more than 50
countries. Expect results.
www.metso.com, www.twitter.com/metsogroup
Further information, please contact:
Kari Järvinen, Chairman of the Nomination Board, tel +358 10 830 8905
Metso Corporation
Eeva Sipilä
CFO
Juha Rouhiainen
VP, Investor Relations
Distribution:
NASDAQ OMX Helsinki Ltd
Media
www.metso.com
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: Metso Corporation via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Bereitgestellt von Benutzer: hugin
" alt="Formation Metals Announces Name Change to eCobalt Solutions Inc.Datum: 23.01.2017 - 14:15 Uhr
Sprache: Deutsch
News-ID 519243
Anzahl Zeichen: 5633
contact information:
Town:
Helsinki
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 257 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Metso's Nomination Board's proposal for the composition and remuneration of the Board of Directors"
steht unter der journalistisch-redaktionellen Verantwortung von
Metso Corporation (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
