Suominen Oyj - Other information disclosed according to the rules of the Exchange

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

Helsinki, Finland, 2017-01-26 08:00 CET (GLOBE NEWSWIRE) -- Suominen
Corporation   Stock Exchange Release 26 January 2017 at 9:00 am EET 

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

Proposal on the number of the members, on the composition, and on the Chair of
the Board of Directors 

The Nomination Board of the shareholders of Suominen Corporation’s proposes to
the Annual General Meeting that the number of board members remains unchanged
at six (6). Further, the Nomination Board proposes that out of the current
members of the Board, Mr. Andreas Ahlström, Mr. Risto Anttonen, Mr. Hannu
Kasurinen, Ms. Laura Raitio and Ms. Jaana Tuominen would be re-elected as
members of Suominen Corporation’s Board of Directors. 

Of the current members of the Board of Directors, Mr. Jorma Eloranta has
informed the Nomination Board that he is not available as a candidate for the
Board of Directors. 

”My decision to resign from the Board of Directors of Suominen is not related
with the company but with my personal time management. During the last five
years we have achieved nice results at Suominen, and there is still a lot of
development potential in the company. I am happy to hand over the baton to the
next Chair of the Board”, Jorma Eloranta says. 

In addition, the Nomination Board proposes that Mr. Jan Johansson would be
elected as a new member to the Board of Directors. 

Jan Johansson (born 1954) holds a Master of Laws degree and would add to the
Board of Directors significant industry knowhow and experience relevant to
Suominen, since he has acted as the President & CEO of Svenska Cellulosa
Aktiebolaget (publ.), or SCA, in 2007-2015. Prior to that, Mr Johansson acted
as President & CEO in Boliden AB (2001-2007) and has held a number of executive
positions in Swedish and international companies. He is also a member of the
Board in Ahlstrom Corporation and Vinda International Holdings Ltd. The photo
of Jan Johansson and his resumé are attached to this release and can be
retrieved also at www.suominen.fi. 


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 Andreas Ahlström who acts
currently as Investment Director at Ahlström Capital Oy. The largest
shareholder of Suominen, AC Invest Two B.V. is a group company of Ahlström
Capital. The candidate information relevant considering their service for the
Board of Directors is presented at the company website www.suominen.fi. 

The Nomination Board of Suominen proposes to the Annual General Meeting that
Jan Johansson would be elected as the Chair of the Board of Directors. 


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 members of the Board of
Directors remains unchanged, with the exception of the remuneration of the
Chair of the Board. The annual fee of the Chair would be increased by EUR
10,000. According to the proposal, the Chair would be paid an annual fee of EUR
60,000, Deputy Chair 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 Helsinki Ltd, 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 2017 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 2 June 2017 at the
latest. 

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


The composition of the Nomination Board

The representatives of the Nomination Board are, as of 2 September 2016, Mr.
Thomas Ahlström, member of the Board of Directors of Ahlström Capital and
Managing Director of Antti Ahlström Perilliset Oy, representing AC Invest Two
B.V.; Mr. Erkki Etola, CEO of Oy Etra Invest Ab; and Mr. Reima Rytsölä,
Executive Vice-President, Investments, of Varma Mutual Pension Insurance
Company. Jorma Eloranta, Chair of Suominen’s Board of Directors, serves as the
fourth member of the Nomination Board. Thomas Ahlström acts as the Chair of the
Nomination Board. 

All of the proposals made by the Nomination Board were unanimous.

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 15 March 2017. 


Suominen Corporation
Nina Kopola, President & CEO

For additional information please contact Thomas Ahlström, Chair of the
Nomination Board of Suominen Corporation, tel. +358 50 550 2330 

Suominen in brief

Suominen manufactures nonwovens as roll goods for wipes as well as for medical
and hygiene products. The end products made of Suominen’s nonwovens – wet
wipes, feminine care products and swabs, for instance – bring added value to
the daily life of consumers worldwide. Suominen is the global market leader in
nonwovens for wipes and employs over 600 people in Europe and in the Americas.
Suominen’s net sales in 2015 amounted to EUR 444.0 million and comparable
operating profit to EUR 31.2 million. The Suominen share (SUY1V) is listed in
Nasdaq Helsinki Stock Exchange (Mid Cap). Read more at www.suominen.fi. 




Distribution:
Nasdaq Helsinki Oy
Main media
www.suominen.fi

Attachments:

Curriculum-Vitae-Jan-Johansson.pdf

Photo-Jan-Johansson.jpg