Raute - Company Announcement

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

Nastola, Finland, 2011-02-01 16:25 CET (GLOBE NEWSWIRE) -- RAUTE CORPORATION
STOCK EXCHANGE RELEASE 1 February 2011 at 5:25 p.m. 



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

The Appointments Committee of Raute Corporation's Board of Directors proposes
to the Annual General Meeting convening on 13 April 2011 that the number of the
Board members is six. The Appointments Committee proposes that Mr. Erkki
Pehu-Lehtonen (Chairman of the Board), Ms. Sinikka Mustakallio (Vice-Chairman
of the Board), Mr. Risto Hautamäki, Mr. Ilpo Helander, Mr. Mika Mustakallio,
and Mr. Pekka Suominen will be re-elected. 

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

Raute Corporation's Appointments Committee consists of Chairman of the Board
Mr. Erkki Pehu-Lehtonen, Vice-Chairman Ms. Sinikka 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
Meetingwhich 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 company serving the wood products industry worldwide. Its
most important customers are the plywood and LVL industries. The company is one
of the world's leading suppliers of mill-scale projects to these customer
industries. The total service concept also includes technology services, with
which Raute supports its customers throughout the entire life cycle of their
investments. Raute's head office and main production plant are in Nastola,
Finland. Its other production plants are in the Vancouver area of Canada, in
the Shanghai area of China, and in Kajaani, Finland. 

More information on the company can be found athttp://www.raute.com/.