Glaston Oyj Abp - Other information disclosed according to the rules of the Exchange

Proposal of Glaston Corporation’s Nomination Board for the composition and remuneration of the Board of Directors

Helsinki, Finland, 2017-01-11 11:00 CET (GLOBE NEWSWIRE) -- Glaston Corporation
                    Stock Exchange Release    11.1.2017 at 12.00 



Proposal of Glaston Corporation’s Nomination Board for the composition and
remuneration of the Board of Directors 


Proposal for the composition of the Board of Directors
The Nomination Board of Glaston proposes to the next Annual General Meeting,
which is planned to be held on April 4, 2017 that the number of members of the
Board of Directors until closing of the Annual General Meeting 2018 will be
seven and that 

  -- Andreas Tallberg, Teuvo Salminen, Claus von Bonsdorff, Sarlotta Narjus,
     Pekka Vauramo and Anu Hämäläinen are re-elected as Members of the Board of
     Directors
  -- Kai Mäenpää is elected as new Member of the Board of Directors

Kalle Reponen, member of the Board of Directors of Glaston, has informed
Glaston’s Nomination Board that he will not be available in the election of the
Board of Directors in the next Annual General Meeting. Kalle Reponen has served
as a member of Glaston’s Board of Directors since 2014. 


Kai Mäenpää has worked as Valmet Technologies Oy’s Vice President, Energy Sales
and Services Operations, EMEA, since 2014. Prior to this, he served in a number
of different positions in international technology, project and service
operations with, among others, Metso Power, Kvaerner Power and Tampella Power. 

Information on the proposed Members of the Board can be found on Glaston’s
website www.glaston.net/Investors/Corporate Governance/Annual General Meeting.
All candidates have given their consent to their candidature. 

Proposal for the remuneration of the Board of Directors
The Nomination Board proposes to the Annual General Meeting that the annual
remuneration of the Members of the Board of Directors remain unchanged and that
accordingly the annual remuneration of the Members of the Board of Directors be
as follows: 

  -- Chairman of the Board EUR 40,000, 
  -- Deputy Chairman of the Board EUR 30,000,
  -- other Members of the Board EUR 20,000.

In addition, the Nomination Board proposes that the meeting fees for each
meeting of the Board of Directors that a Member of the Board has attended
continues to be for the Chairman of the Board EUR 800 and for the other Members
of the Board EUR 500. In addition, it is proposed that each Member of the Board
be compensated for direct expenses arising from their work for the Board of
Directors. Furthermore, it was decided to propose that the company will
continue to arrange voluntary pension insurance for Members of the Board based
on the above remuneration. 

Nomination Board
The Nomination Board consists of the representatives of the four largest
shareholders and also, as an expert member, the Chairman of the Board of
Glaston Corporation. In accordance with the ownership situation on 1 September
2016, the Nomination Board of Glaston Corporation consists of: Chairman Ari
Saarenmaa (Oy G.W.Sohlberg Ab) and members Stefan Björkman (Etera Mutual
Pension Insurance Company), Markku Seppälä (Hymy Lahtinen Oy) and Mikko
Koivusalo (Varma Mutual Pension Insurance Company) as well as Andreas Tallberg
(advisory member). 

The Nomination Board made all of its proposals unanimously. Chairman of the
Board Andreas Tallberg did not participate in decision-making when the
Nomination Board made its proposal on the number of Members of the Board and
the Board of Director’s composition and remuneration. 

Further information:
Taina Tirkkonen, General Counsel and SVP, HR, Glaston Corporation, tel. +358 10
500 500 
Ari Saarenmaa, Chairman of Glaston’s Nomination Board, tel. +358 40 503 2053



GLASTON CORPORATION
Agneta Selroos
Communications Director

Glaston Corporation
Glaston is a leading company in glass processing technologies. We provide
high-quality heat treatment machines and services for architectural, solar,
appliance and automotive applications. We are committed to our customers’
success over the entire lifecycle of our offering. Moreover, we continuously
innovate and develop technologies to enable the glass processing industry to
reach ever higher standards in quality and safety. Glaston’s shares (GLA1V) are
listed on NASDAQ Helsinki Ltd. Further information is available at
www.glaston.net 



Distribution: NASDAQ Helsinki, key media, www.glaston.net