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2009-03-02 07:10:00 CET 2009-03-02 07:10:02 CET REGULATED INFORMATION Pohjola Pankki Oyj - Company AnnouncementProposal for Members of Pohjola Bank plc's Board of Directors and Auditors and for their RemunerationPohjola Bank plc COMPANY RELEASE, Category: Stock Exchange Release 2 March 2009 at 8.10 am Finnish time (GMT+2) Proposal for Members of Pohjola Bank plc's Board of Directors and Auditors and for their Remuneration With around 57% of votes conferred by Pohjola Bank plc shares, OP-Pohjola Group Central Cooperative has announced that it will propose to Pohjola Bank plc's Annual General Meeting of 27 March 2009 that eight members be elected to the Company's Board of Directors. It proposes that the following current members be re-elected: Ms Merja Auvinen, Managing Director; Mr Simo Kauppi, Deputy Managing Director; Ms Satu Lähteenmäki, Professor; Mr Tom von Weymarn; and Markku Vesterinen, President and CEO. It further proposes that Jukka Hienonen, M.Sc. (Econ. & Bus. Adm.), President and CEO of Finnair Plc, be elected a new Board member. On the basis of their duties as per the Articles of Association, the following persons are members of Pohjola Bank plc's Board of Directors: Mr Reijo Karhinen, Chairman of the Executive Board of OP-Pohjola Group Central Cooperative and Executive Chairman of OP-Pohjola Group, as Chairman of the Board of Directors; and Mr Tony Vepsäläinen, Vice Chairman of the Executive Board of OP-Pohjola Group Central Cooperative and President of the Central Cooperative, as Vice Chairman of the Board of Directors. The proposed, unchanged monthly Board emoluments are as follows: EUR 7,000 paid to the Chairman, EUR 5,000 to the Vice Chairman and EUR 4,000 to other Board members. In addition, the proposed attendance allowance per meeting is EUR 500. An attendance allowance also applies to the meetings of Board Committees. These monthly Board emoluments are treated as pensionable salary, in accordance with the proposal. OP-Pohjola Group Central Cooperative proposes that auditors' remuneration be based on a reasonable invoiced amount. OP-Pohjola Group Central Cooperative has announced that it will propose that KPMG Oy Ab, a firm of authorised public accountants, be re-elected the Company's auditor. Pohjola Bank plc's Board of Directors will incorporate these proposals into Notice of Annual General Meeting to be published separately. The proposed new Board member, Jukka Hienonen, has acted as Finnair Plc's President and CEO since 1 January 2006. Previously, he was employed by Stockmann plc eg as Director, Department Store Division, International Operations between 1995 and 2000, Director of Department Store Division between 2001 and 2005 and Executive Vice President between 2003 and 2005. He was also previously employed by Kesko Corporation, Timberjack Oy and Kaukomarkkinat Oy, among others. Pohjola Bank plc Markku Koponen, Senior Vice President, Corporate Communications FOR FURTHER INFORMATION, PLEASE CONTACT: Reijo Karhinen, Chairman of Pohjola Bank plc's Board of Directors and OP-Pohjola Group's Executive Chairman, tel. +358 (0)10 252 4500 DISTRIBUTION NASDAQ OMX Helsinki London Stock Exchange SWX Swiss Exchange Major media |
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