Raute - Company Announcement

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

Lahti, Finland, 2016-02-22 08:30 CET (GLOBE NEWSWIRE) -- RAUTE CORPORATION
STOCK EXCHANGE RELEASE 22 FEBRUARY 2016 at 9:30 a.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 2016 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. Joni Bask, M.Sc. (Eng.), Ms. Päivi Leiwo,
Master of Laws, and Mr. Pekka Suominen, M. Sc. (Econ.), be re-elected as
members of the Board of Directors. The Appointments Committee also proposes
that Mr. Patrick von Essen, M.Sc. (Eng.) 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. Risto Hautamäki has informed that he is
not available for re-election. 

Mr. Patrick von Essen, M.Sc. (Eng.), born in 1963, who has been proposed as a
new member of the Board of Directors, is President and CEO of Dovre Group Plc
since 2014. He has previously held senior business development and project
management positions at Fiskars Corporation (2012–2014), Neste Jacobs Oy
(2011–2012), Pöyry Group Oyj (1999–2011) and ABB Service Oy (1998–1999). Mr.
Patrick von Essen is member of the Board of Directors of Etteplan Oyj since
2014. 

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 Board member
Mr. Pekka Suominen. 

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 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 customer’s 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 technology services ranging from spare parts deliveries to
regular maintenance and equipment modernizations. Raute’s head office is
located in the Nastola area of Lahti, Finland. Its other production plants are
in Kajaani, Finland, the Vancouver area of Canada and in the Shanghai area of
China. Raute’s net sales in 2015 were EUR 127.3 million. The Group’s headcount
at the end of 2015 was 646. 

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