Componenta - Changes board/management/auditors

Componenta established nomination committee

Componenta Corporation   Stock Exchange Release 2.6.2014 at 16.20

The Board of Directors of Componenta has resolved to establish a nomination
ommittee for preparation of matters pertaining to nomination and remuneration
of directors. Members of the nomination committee represent the major
shareholders of the company. The following members were elected to the
Nomination Committee: 

Harri Suutari, Chairman of the Board of Directors, Heikki Lehtonen, Juuso
Puolanne from Suomen Teollisuussijoitus Oy (Finnish Industry Investment Ltd)
and Reima Rytsölä from Keskinäinen työeläkeyhtiö Varma (Varma Mutual Pension
Insurance Company). The committee members will elect chairman from amongst
themselves. 

The Board's view is that a model in which representatives of the largest
shareholders are nominated to members of the Nomination Committee will best
serve the interests of the shareholders. Heikki Lehtonen, member of the
Nomination Committee and the largest shareholder of the company through the
companies which he controls, is also President and CEO of the Componenta Group,
and so he is not independent of the company. Other members of the Nomination
Committee are independent of the company. 

The Nomination Committee will prepare a recommendation to the Board of
Directors for the proposal for the composition of the Board of Directors to be
presented to the general meeting. The term of the Nomination Committee elected
now will continue until the next general meeting. 

The main duties of the Nomination Committee are presented on Componenta's
website, for Investors -> Corporate Governance, at the address
www.componenta.com. 

Helsinki, 2 June 2014

COMPONENTA CORPORATION


Heikki Lehtonen
President and CEO



For further information, please contact:

Heikki Lehtonen
President and CEO
tel. +358 10 403 2200

Mika Hassinen
CFO
tel. +358 10 403 2723



Componenta is a metal sector company with international operations and
production plants located in Finland, Turkey, the Netherlands and Sweden. The
net sales of Componenta were EUR 511 million in 2013 and its share is listed on
the NASDAQ OMX Helsinki. The Group employs approx. 4,400 people. Componenta
specializes in supplying cast and machined components and total solutions made
of them to its global customers, who are manufacturers of vehicles, machines
and equipment.

Attachments:

release_02062014_Componenta_nomination committee.pdf