Cramo Oyj - Other information disclosed according to the rules of the Exchange

The Shareholders' Nomination Committee's proposal on the composition and remuneration of the Board of Directors of Cramo Plc and the amendment of the charter of the Nomination Committee

Vantaa, Finland, 2017-02-02 08:00 CET (GLOBE NEWSWIRE) -- Cramo Plc    Stock
Exchange Release 2 February 2017, at 9.00 Finnish time (EET) 

The Shareholders' Nomination Committee's proposal on the composition and
remuneration of the Board of Directors of Cramo Plc and the amendment of the
charter of the Nomination Committee 

Proposal on the composition of the Board of Directors

The Shareholders' Nomination Committee of Cramo Plc proposes to the next Annual
General Meeting of Shareholders, which is planned to be held on 30 March 2017,
that the number of members of the Board of Directors be confirmed as seven (7)
ordinary members. The Nomination Committee proposes that, in accordance with
their consents, the following current members of the Board be re-elected:
Perttu Louhiluoto, Peter Nilsson, Joakim Rubin, Raimo Seppänen, Erkki Stenberg
and Caroline Sundewall, and that Veli-Matti Reinikkala be elected as new Board
member, all to serve for a term ending at the end of the Annual General Meeting
2018. 

The current Chairman of the Board of Directors Helene Biström has announced
that she will not be available for re-election. While preparing the proposal
for the composition of the Board of Directors, the Nomination Committee has
specifically sought to identify a new Chairman of the Board of Directors. 

Based on the Nomination Committee's survey, discussions with the Chairman of
the Board of Directors and the CEO of the Group, reports of an independent
recruiting consultancy as well as the Board self-evaluation and evaluation
process conducted by an independent consultant, the Nomination Committee has
decided to propose Veli-Matti Reinikkala to be elected as a member of the Board
of Directors. Further, the Nomination Committee recommends that the Board of
Directors elect Veli-Matti Reinikkala as the Chairman of the Board of
Directors. 

Veli-Matti Reinikkala (born 1957) has held several senior management positions
in ABB, including President of Region Europe in 2015 and member of the Group
Executive Committee 2006–2015, Head of Process Automation Division 2006–2014,
Business Area Manager for ABB Process Automation in 2005 and Automation
Technologies Division Manager in China 2003–2004. Reinikkala is currently a
member of the board of directors at UPM-Kymmene Corporation (since 2007) and
Fortum Corporation (since 2016). He holds an Executive Master of Business
Administration from Helsinki School of Economics. 

Proposal on the remuneration of the members of the Board of Directors

The Nomination Committee proposes to the Annual General Meeting that the
Chairman of the Board be paid EUR 70,000 per year, the deputy chairman of the
Board EUR 40,000 per year and the other members of the Board EUR 35,000 per
year. Furthermore it is proposed that 50 percent of the annual remuneration be
paid in Cramo shares purchased on the market on behalf of the Board members.
The remuneration may also be paid by transferring the Company’s own shares
based on the authorisation given to the Board of Directors by the General
Meeting of Shareholders. In case such purchase of shares is not carried out due
to reasons related to either the Company or a Board member, the annual
remuneration shall be paid entirely in cash. 

In addition, the Nomination Committee proposes that all Board members would be
entitled to a compensation of EUR 1,000 per attended Board committee meeting
and that the member of the Board elected in the position of Chairman of the
Audit Committee would receive an additional compensation of EUR 5,000 per year.
Reasonable travel expenses will be refunded in accordance with an invoice. 

The charter of the Nomination Committee

The Nomination Committee proposes to the Annual General Meeting that the
charter of the Nomination Committee shall be amended so that only changes to
the charter needs to be adopted at the AGM. Currently the charter needs to be
adopted annually regardless if any changes are made. In addition, four minor
clarifying changes are proposed. 

More information on the Shareholders' Nomination Committee's proposed members
of the Board of Directors and its full proposal on the remuneration will be
made available on company's website. The Nomination Committee's proposals will
be included in the invitation to the Annual General Meeting. 

The Shareholders' Nomination Committee of Cramo Plc is chaired by Mikael Moll,
Partner, Zeres Capital. The members of the Nomination Committee are Ari Autio,
Member of the Board of Directors of foundation, Rakennusmestarien säätiö, Esko
Torsti, Director, Non-listed investments, Ilmarinen Mutual Pension Insurance
Company and Helene Biström, Chairman of the Board of Directors, Cramo Plc. 

CRAMO PLC

Helene Biström
Chairman of the Board of Directors





Further information:

Helene Biström, Chairman of the Board of Directors, tel: +46 70 212 66 31
Mikael Moll, Chairman of the Shareholders' Nomination Committee, tel: +46 70
293 01 31 



Distribution:

Nasdaq Helsinki Ltd.
Major media
www.cramogroup.com



Cramo is Europe’s second largest rental services company specialising in
construction machinery and equipment rental and rental-related services as well
as the rental of modular space. Cramo operates in fifteen countries with 330
depots. With a group staff around 2.500, Cramo's consolidated sales in 2015 was
EUR  668 million. Cramo shares are listed on the Nasdaq Helsinki Ltd. 

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