2016-02-09 15:46:01 CET

2016-02-09 15:46:01 CET


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Cargotec - Changes board/management/auditors

Cargotec's Nomination and Compensation Committee's proposal for the composition and remuneration of the Board of Directors 


CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 9 FEBRUARY 2016 AT 4.45 P.M. (EET)

Cargotec's Nomination and Compensation Committee's proposal for the composition
and remuneration of the Board of Directors

Board Composition
Cargotec's Nomination and Compensation Committee proposes to the next Annual
General meeting that convenes on 22 March, 2016, that the number of members of
the Board of Directors will be eight (8), and that for a term of office expiring
at the end of the first Annual General Meeting following their election, current
Board members Jorma Eloranta, Tapio Hakakari, Ilkka Herlin, Peter Immonen and
Teuvo Salminen, be re-elected to the Board of Directors.

As new Board members, the committee proposes Kimmo Alkio, Kaisa Olkkonen and
Heikki Soljama. They all possess strong international business experience, which
supplements the Board of Directors' skill base e.g. in the areas of
digitalisation and automation, and which supports Cargotec's strategic goal to
become the market leader in intelligent cargo handling.

The President and CEO of Tieto Corporation, Kimmo Alkio, has during his long
career held leadership positions in global IT, software and telecommunications
companies in Europe and USA. He has previously served as the President and CEO
of F-Secure and in different positions in Nokia Corporation and in Digital
Equipment Corporation.

Kaisa Olkkonen has a long international leadership experience in Nokia
Corporation, having focused on legal and intellectual property matters, interest
representation and government relations. She has also served in several
international positions of trust, e.g. as a member of the executive board of
Digital Europe.

Heikki Soljama has a long experience with P/L responsible business leadership
roles in ABB in China, Switzerland and Finland, working with customer industries
that are relevant to Cargotec's business.

The new Board candidates are independent of the company and of major
shareholders. The current members Anja Silvennoinen and Antti Lagerroos have
informed that they will not stand for re-election to the Board of Directors.

Information on the current Board members and the Board candidates is available
on Cargotec's website at www.cargotec.com.

Remuneration payable to the members of the Board of Directors
The Nomination and Compensation Committee of the Board of Directors proposes
that a yearly remuneration of EUR 80,000 will be paid to the Chairman of the
Board, EUR 55,000 to the Vice Chairman, EUR 55,000 to the Chairman of the Audit
and Risk Management Committee and EUR 40,000 to the other Board members. In
addition, members are proposed to be paid EUR 1,000 for attendance at board and
committee meetings. According to the proposal, 30 percent of the yearly
remuneration will be paid in Cargotec's class B shares and the rest in cash, and
Cargotec will cover the transfer taxes related to the Board remuneration paid in
shares.

Nomination and Compensation Committee
The Nomination and Compensation Committee is chaired by Ilkka Herlin and the
members are Jorma Eloranta, Peter Immonen and Tapio Hakakari.


More information:
Tapio Hakakari, Vice Chairman of the Board, member of the Nomination and
Compensation Committee

Tel. +358 400 408 316


Cargotec shapes the cargo handling industry for the benefit of its customers and
shareholders. Cargotec's business areas MacGregor, Kalmar and Hiab are
recognised leaders in cargo and load handling solutions around the world. Their
global network is positioned close to customers and offers extensive services
that ensure a continuous, reliable and sustainable performance according to
customers' needs. Cargotec's sales totalled approximately EUR 3.4 billion in
2014 and it employs approximately 11,000 people. Cargotec's class B shares are
quoted on Nasdaq Helsinki Ltd under symbol CGCBV. www.cargotec.com

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