Suominen Oyj - Company Announcement

Proposals by the Nomination Board to the Annual General Meeting of Suominen Corporation

Helsinki, Finland, 2014-01-29 11:15 CET (GLOBE NEWSWIRE) -- Suominen
Corporation   Stock exchange release 29 January 2013 at 12:15 (EET) 

PROPOSALS BY THE NOMINATION BOARD TO THE ANNUAL GENERAL MEETING OF SUOMINEN
CORPORATION 

The Nomination Board of the shareholders of Suominen Corporation's proposes to
the Annual General Meeting that the number of board members remains unchanged
and would be five (5). Further, the Nomination Board proposes that Mr Jorma
Eloranta, Mr Risto Anttonen, Ms Suvi Hintsanen and Mr Hannu Kasurinen would be
re-elected as members of Suominen Corporation's Board of Directors. 

Further, the Nomination Board proposes that Ms Jaana Tuominen would be elected
as a new member of the Board of Directors. Ms Tuominen has acted as the CEO of
Paulig Group since 2008. Additionally, she is a member of the Board of
Directors of Rautaruukki Corporation and a member of the Board of Directors in
Finnish Food and Beverage Industries' Federation. Ms Tuominen, M Sc (Chemical
Engineering), was born in 1960 and she is a Finnish citizen. 

Mr Heikki Mairinoja, member of the Board of Directors of Suominen Corporation,
has informed the Nomination Board that he is no longer available as a candidate
to continue in the Board of Directors of Suominen. 

“Heikki Mairinoja has acted as the member of the Board of Directors of Suominen
Corporation since 2001 and as the Vice Chairman of the Board from 2009 to 2011.
I want to extend my warmest thanks to Heikki Mairinoja for his valuable and
long-term contribution in the Board of Directors of Suominen”, says Jan Lång,
the Chairman of the Nomination Board of Suominen Corporation. 

The Nomination Board recommends that the new Board of Directors elects Jorma
Eloranta as Chairman of the Board and Risto Anttonen as Vice Chairman of the
Board. 

All candidates have given their consent to the election. All candidates are
independent of the company. The candidates are also independent of Suominen's
significant shareholders, with the exception of Risto Anttonen who has acted as
CEO and as Deputy CEO of Ahlstrom Corporation, a significant shareholder of
Suominen, within the last three years prior to the commencement of his
membership in Suominen's Board. The candidate information relevant considering
their service for the Board of Directors is presented at the company website
www.suominen.fi. In addition, the curriculum vitae and a photo of Jaana
Tuominen are attached to this release. 

Proposal on the Board remuneration

The Nomination Board of the shareholders of Suominen Corporation proposes to
the Annual General Meeting that the remuneration of the Board of Directors
remains unchanged, and the Chairman would be paid an annual fee of EUR 50,000,
Vice Chairman of the Board an annual fee of EUR 37,500 and other Board members
an annual fee of EUR 28,000. Further, the members of the Board will receive a
fee of EUR 500 for each meeting of the Board of Directors held in the home
country of the respective member and a fee of EUR 1,000 per each meeting of the
Board of Directors held elsewhere than in the home country of the respective
member. The Nomination Board proposes that 60% of the remuneration be paid in
cash and 40% in Suominen Corporation's shares. 

The number of shares forming the above remuneration portion which is payable in
shares will be determined based on the share value in the stock exchange
trading maintained by NASDAQ OMX Helsinki Oy, calculated as the trade volume
weighted average quotation of the share during the one month period immediately
following the date on which the interim report of January-March 2014 of the
company is published. The shares will be given out of the own shares held by
the company by the decision of the Board of Directors by 6 June 2014 at the
latest. 

Compensation for expenses will be paid in accordance with the company's valid
travel policy. 

The Nomination Board of the shareholders of Suominen Corporation consists of
the representatives of the three largest shareholders of the company by the
decision made by the Annual General Meeting. On 4 September 2013, Mr Jan Lång,
President & CEO, Ahlstrom Corporation; Mr Timo Ritakallio, Deputy CEO,
Ilmarinen Mutual Pension Insurance Company; and Mr Risto Murto, President and
CEO, Varma Mutual Pension Insurance Company were elected to the Nomination
Board. Mr Jorma Eloranta, Chairman of Suominen's Board of Directors, acts as
the fourth member of the Nomination Board. Jan Lång was elected Chairman of the
Nomination Board. 

All of the proposals made by the Nomination Board were unanimous. Jorma
Eloranta, Chairman of the Board of Directors of Suominen, did not take part in
decision-making concerning the remuneration of the Board of Directors. Further,
he did not attend the decision-making related to the Nomination Board's
recommendation on the Chairman of the Board. 

The Board of Directors of Suominen Corporation will include the proposals
submitted by the Nomination Board to the Notice of the Annual General Meeting
of Suominen which will be published at a later date. The Annual General Meeting
of Suominen Corporation is scheduled to be held on 26 March 2014. 

Suominen Corporation
Nina Kopola, President & CEO

For additional information please contact:
Jan Lång, Chairman of the Nomination Board of Suominen Corporation, tel. +358
10 888 4700 


Suominen in brief

Suominen supplies its industrial and retail customers with nonwovens and
flexible packaging for use in consumer products worldwide. Suominen is the
global market leader in nonwovens for wipes. The company employs more than
1,000 people in Europe and in the United States. Suominen's net sales in 2012
amounted to MEUR 410.4 and operating profit excluding non-recurring items was
MEUR 12.9 (continuing operations). The Suominen share (SUY1V) is listed in
NASDAQ OMX Helsinki Stock Exchange. Read more at www.suominen.fi. 

Distribution:
NASDAQ OMX Helsinki Ltd.
Main media
www.suominen.fi

Attachments:

Jaana Tuominen CV 29 1 2014 ENG.pdf