Componenta - Company Announcement

Proposals of the Nomination Board to the Annual General Meeting

Componenta Corporation    Stock Exchange Release 22.1.2016 at 16.00

The Nomination Board of Componenta Corporation proposes to the Annual General
Meeting to be held on 18 March 2016 that remuneration of members of the Board
of Directors remains unchanged. The members of the Board of Directors, who will
be elected to the term continuing to the annual general meeting 2017, will be
paid annual remuneration as follows: EUR 60,000 to the Chairman and EUR 30,000
to the members of the Board of Directors. In addition, EUR 5,000 will be paid
to the members of Board Committees. Travel expenses of the members of the Board
of Directors will be compensated in accordance with the Company’s travel
policy. 

The Nomination Board proposes that the number of the members will be six and
that the current members of the Board of Directors Olavi Huhtala, Olli Isotalo,
Perttu Louhiluoto, Riitta Palomäki, Matti Ruotsala and Tommi Salunen will be
re-elected. The presentation of the proposed members of the Board of Directors
is available on Componenta’s website www.componenta.com. 

All the nominees are independent of the company and of the significant
shareholders of the company, and they have given their consents to the
position. 

The Nomination Board consisted of Erkki Etola (shareholders Etra Capital Oy and
Tiiviste-Group Oy), Reima Rytsölä (shareholder Varma Mutual Pension Insurance
Company) and Heikki Lehtonen (shareholders Heikki Lehtonen and the companies in
which he exercises control, Oy Högfors-Trading Ab and Cabana Trade SA). In
addition, the Chairman of the Board of Directors of Componenta, Harri Suutari
until 16 November 2015 and Matti Ruotsala as of 16 November 2015, acted as an
expert member of the Nomination Board. 

When preparing its proposal for the members of the Board of Directors the
Nomination Board paid attention to the diversity of the new Board of Directors,
which is important for reaching the targets of Componenta and ensuring
profitable business. The proposed members of the Board of Directors have
comprehensive experience of management positions in different industries and
comprehensive knowledge about businesses and development of internationally
operating companies. Both genders are represented, and their experiences of
different functions (including production, sales, financing and finance) are
complementary and cover the key functions of an industrial and stock exchange
listed company. The proposed Board members know Componenta’s business and they
have a clear understanding of the current change and development needs of the
Group. 

Helsinki, 22 January 2016

COMPONENTA CORPORATION


Markku Honkasalo
CFO



For further information, please contact:

Reima Rytsölä
Chairman of the Nomination Board
Tel. +358 10 244 3180




Componenta is a metal sector company with international operations and
production plants located in Finland, Turkey, the Netherlands and Sweden. The
net sales of Componenta were EUR 495 million in 2014 and its share is listed on
Nasdaq Helsinki. The Group employs approx. 4,250 people. Componenta specializes
in supplying cast and machined components and total solutions made of them to
its global customers, who are manufacturers of vehicles, machines and
equipment.