Raute - Company Announcement

Appointments Committee's proposal regarding composition of Raute Corporation's Board of Directors

Nastola, Finland, 2014-01-28 16:00 CET (GLOBE NEWSWIRE) -- RAUTE CORPORATION
STOCK EXCHANGE RELEASE 28 JANUARY 2014 at 5:00 p.m. 


APPOINTMENTS COMMITTEE'S PROPOSAL REGARDING COMPOSITION OF RAUTE CORPORATION'S
BOARD OF DIRECTORS 

Raute Corporation's Appointments Committee has informed that it will propose to
the Annual General Meeting convening on 31 March 2014 that the number of the
Board members is six. The Appointments Committee proposes that Mr. Erkki
Pehu-Lehtonen, M.Sc. (Eng.), be re-elected as Chairman of the Board of
Directors, Mr. Mika Mustakallio, M.Sc. (Econ.), be re-elected as Vice Chairman
of the Board of Directors and Mr. Risto Hautamäki, M.Sc. (Eng.), Mr. Pekka
Suominen, M. Sc. (Econ.), and Mr. Joni Bask, M.Sc. (Eng.), be re-elected as
members of the Board of Directors. The Appointments Committee also proposes
that Mrs. Päivi Leiwo-Svensk, Master of Laws, MBA, will be elected as a new
member of the Board of Directors. The proposed persons have given their consent
to the election. The current Board member, Mr. Ilpo Helander has informed that
he is not available for re-election. 

Master of Laws, MBA Mrs. Päivi Leiwo-Svensk, born in 1964, who has been
proposed as a new member of the Board of Directors is full-time Chair of the
Board of her family-owned company Oilon Oy (2009-). She has previously worked
as a lawyer for Oilon Oy (1989-2009). In addition she holds positions of trust
on the Board of Directors of The Federation of Finnish Technology Industries
and is Chair of the working group for competitiveness, a member of the Team
Finland network's steering group, member of Finpro's Board of Directors and a
member of the Board of Directors of Finnfund (the Finnish Fund for Industrial
Cooperation Ltd.), among others. 

The Appointments Committee further proposes that the remunerations to the Board
members shall continue to be 40,000 euros to the Chairman of the Board and
20,000 euros to the Board members for the term of office. 

Raute Corporation's Appointments Committee consists of Chairman of the Board
Mr. Erkki Pehu-Lehtonen, Vice-Chairman Mr. Mika Mustakallio and Mr. Ville
Korhonen, appointed from among the representatives of major shareholders who
have significant voting rights. 

The proposals above will be included in the notice to the Annual General
Meeting which will be published later. 


RAUTE CORPORATION
Arja Hakala
Chief Financial Officer


FURTHER INFORMATION:
Mr. Erkki Pehu-Lehtonen, Chairman of the Board, mobile +358 400 468 084

DISTRIBUTION:
NASDAQ OMX Helsinki Ltd, main media, www.raute.com

RAUTE IN BRIEF:
Raute is a technology and service company that operates worldwide. Raute's
customers are companies operating in the wood products industry that
manufacture veneer, plywood and LVL (Laminated Veneer Lumber). The technology
offering covers machinery and equipment for the entire production process. As a
supplier of mill-scale projects Raute is a global market leader both in the
plywood and LVL industries. Additionally, Raute's full-service concept includes
services ranging from spare parts deliveries to regular maintenance and
equipment modernizations. Raute's head office is located in Nastola, Finland.
Its other production plants are in the Vancouver area in Canada, in the
Shanghai area in China, and in Kajaani, Finland. 

More information about the company can be found at www.raute.com.