Fingrid Oyj - Company Announcement

Helena Walldén elected as Chairman of the Board of Directors of Fingrid Oyj

Helsinki, Finland, 2011-05-03 16:00 CEST (GLOBE NEWSWIRE) -- Fingrid Oyj
Stock exchange release 3 May 2011 at 17.00 EET



Fingrid Oyj's Annual General Meeting was held in Helsinki today, 3 May 2011.
The Annual General Meeting accepted the financial statements for 2010,
confirmed the income statement and balance sheet, and discharged the members of
the Board of Directors and the President from liability. 

The Annual General Meeting accepted amendments to the company's articles of
association. The foremost amendments concerned the reduction of the number of
the members of the Board from seven to five, abolishing the stipulation that
decisions by the Board require a majority of three quarters, and raising the
number of members on the company's Advisory Committee from twelve to fourteen. 

The Annual General Meeting elected the Chairman, Deputy Chairman and other
Board members as well as their personal deputy members for Fingrid Oyj for
2011. Moreover, two members and deputy members were elected. Their terms of
office will finish after the changes to the company's articles of association
have been registered. 


Members of the Board

Helena Walldén (Chairman), M.Sc. (Tech.)

Arto Lepistö (Deputy Chairman), Deputy Director General, Ministry of Employment
and the Economy 

Elina Engman, Vice President, Energy, Kemira Oyj

Timo Kärkkäinen, Senior Portfolio Manager, Mutual Pension Insurance Company
Ilmarinen 

Esko Raunio, Director, Private Equity Real Estate Investments, Tapiola Mutual
Pension Insurance Company 



Personal deputy members

Antti Riivari, Senior Advisor, Ministry of Employment and the Economy

Timo Ritonummi, Senior Engineer, Ministry of Employment and the Economy

Marja Hanski, Ministerial Advisor,  Ministry of Employment and the Economy

Mikko Räsänen, Head of Private Equity, Mutual Pension Insurance Company
Ilmarinen 

Jari Eklund, Director, Tapiola-Group



The Annual General Meeting decided to pay a dividend of 2,018.26 euros per
share as proposed by the Board of Directors, i.e. a total of 6,710,698.27
euros. 



Authorised Public Accountants PricewaterhouseCoopers Oy was elected as the
auditor of the company. 


Further information:
Jukka Ruusunen, President & CEO, tel. +358 30 395 5140 or +358 40 593 8428
Tom Pippingsköld, CFO, +358 30 395 5157 or +358 40 519 5041