Componenta - Other information disclosed according to the rules of the Exchange

Componenta Corporation: Proposals of the Nomination Board to the Annual General Meeting

Componenta Corporation Stock Exchange Release on 31.1.2017 at 11.00

Proposal for the Annual General Meeting

The Nomination Board of Componenta Corporation proposes to the Annual General
Meeting 2017 that the number of Board members will be four. The Nomination
Board proposes that the current members of the Board of Directors Olli Isotalo
and Tommi Salunen are re-elected and Petteri Walldén and Anne Leskelä are
elected as new Board members. The chairman of the Board of Directors Matti
Ruotsala, the Vice Chairman of the Board Olavi Huhtala and the Board members
Riitta Palomäki and Perttu Louhiluoto have notified Componenta’s Nomination
Board that they are not available for re-election. 

All the nominees are independent of the company and of the significant
shareholders of the company, and they have given their consents to the
position. When preparing its proposal the Nomination Board has taken into
consideration the company’s Board of Directors’ diversity policy. The proposed
members of the Board of Directors have comprehensive knowledge about businesses
and development of internationally operating companies. Both genders are
represented, they have relevant industrial experience and their experiences of
different functions (including production, sales, financing and finance) are
complementary and cover the key functions of an industrial and stock exchange
listed company. 

The Nomination Board of Componenta proposes that the members of the Board of
Directors, who will be elected to the term continuing to the annual general
meeting 2018, will be paid annual remuneration as follows: EUR 50,000 to the
Chairman and EUR 25,000 to the members of the Board of Directors. If the Board
of Directors decides to establish committees, an annual fee of EUR 5,000 will
be paid to the members of Board committees. Travel expenses of the members of
the Board of Directors will be compensated in accordance with the Company’s
travel policy. 

Proposed new Members of the Board of Directors

Petteri Walldén is inter alia Chairman of the Board of Directors in Nokian
Tyres plc, Vice Chairman of the Board of Directors in Tikkurila Oyj and Member
of the Board of Directors in Kuusakoski Group Oy. Previously, he has worked as
CEO e.g. at Alteams Oy, Onninen Oy and Ensto Ltd. 

Anne Leskelä is Vice President, Finance & IR at Nokian Tyres plc. Previously,
she has worked in several finance and financing positions at Nokian Tyres as
well as at Suomen Säästöpankki Oy. 

The Nomination Board

The Nomination Board consists of Erkki Etola, shareholders Etra Capital Oy and
Tiiviste-Group Oy, Mikko Mursula, shareholder Ilmarinen Mutual Pension
Insurance Company and Timo Sallinen, shareholder Varma Mutual Pension Insurance
Company. In addition, the Chairman of the Board of Directors, Matti Ruotsala
acts as an expert member of the Nomination Board. Timo Sallinen is chairman of
the Nomination Board. 


Helsinki, 31 January 2017


COMPONENTA CORPORATION


Harri Suutari
President and CEO



For further information, please contact:


Timo Sallinen
Chairman of the Nomination Board
Tel. +358 10 244 7645



Componenta is a metal sector company with international operations and
production plants located in Finland, Turkey and Sweden. The net sales of
Componenta were EUR 495 million in 2015 and its share is listed on Nasdaq
Helsinki. The Group employs approx. 3,500 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.