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Appointments Committee's proposal regarding composition of Raute Corporation's Board of Directors

Lahti, Finland, 2017-02-06 11:30 CET (GLOBE NEWSWIRE) -- RAUTE CORPORATION
STOCK EXCHANGE RELEASE 6 FEBRUARY 2017 at 12:30 p.m. 


APPOINTMENTS COMMITTEE'S PROPOSAL REGARDING COMPOSITION OF RAUTE CORPORATION'S
BOARD OF DIRECTORS 

Raute Corporation's Appointments Committee has informed that it will propose to
the Annual General Meeting convening on 28 March 2017 that the number of the
Board members is six. The Appointments Committee proposes that Mr. Erkki
Pehu-Lehtonen, M.Sc. (Eng.), be re-elected as Chairman of the Board of
Directors, Mr. Mika Mustakallio, M.Sc. (Econ.), be re-elected as Vice Chairman
of the Board of Directors and Mr. Joni Bask, M.Sc. (Eng.), Mr. Pekka Suominen,
M. Sc. (Econ.), and Mr. Patrick von Essen, M.Sc. (Eng.) be re-elected as
members of the Board of Directors. The Appointments Committee also proposes
that Ms. Laura Raitio, Lic. Tech., will be elected as a new member of the Board
of Directors. The proposed persons have given their consent to the election.
The current Board member, Ms. Päivi Leiwo has informed that she is not
available for re-election. 

Ms. Laura Raitio, Lic. Tech. (forest products technology), born in 1962, who
has been proposed as a new member of the Board of Directors, is CEO of Diacor
Medical Services Oy since 2014. Prior to that she was Executive Vice President,
Building and Energy 2009–2014 and Member of the Executive Management Team
2006–2014, Ahlstrom; Ahlstrom’s Senior Vice President, Marketing 2006–2008;
Ahlstrom’s Vice President and General Manager for Wallpaper & Poster,
Pre-impregnated Decor, Abrasive Base in Osnabrück, Germany 2002–2005, and
Managing Director of Ahlstrom Kauttua 2001–2002. She has held several
managerial positions within Ahlstrom’s specialty paper business since 1990. Ms.
Laura Raitio is member of the Board of Directors of Neste Corporation since
2011 and Suominen Corporation since 2015. She is also Partner and Member of the
Board of Boardman Oy. 

The Appointments Committee further proposes that the remunerations to the Board
members shall continue to be 40,000 euros to the Chairman of the Board and
20,000 euros to the Board members for the term of office. 

Raute Corporation’s Appointments Committee consists of Chairman of the Board
Mr. Erkki Pehu-Lehtonen, Vice-Chairman Mr. Mika Mustakallio and Board member
Mr. Pekka Suominen. 

The proposals above will be included in the notice to the Annual General
Meeting which will be published later. 


RAUTE CORPORATION
Arja Hakala
Chief Financial Officer


FURTHER INFORMATION:
Mr. Erkki Pehu-Lehtonen, Chairman of the Board, mobile +358 400 468 084

DISTRIBUTION:
Nasdaq Helsinki Ltd, main media, www.raute.com

RAUTE IN BRIEF:
Raute is a technology and service company that operates worldwide. Raute’s
customers are companies operating in the wood products industry that
manufacture veneer, plywood and LVL (Laminated Veneer Lumber). The technology
offering covers machinery and equipment for the customer’s entire production
process. As a supplier of mill-scale projects, Raute is a global market leader
both in the plywood and LVL industries. Additionally, Raute’s full-service
concept includes technology services ranging from spare parts deliveries to
regular maintenance and equipment modernizations. Raute’s head office is
located in the Nastola area of Lahti, Finland. Its other production plants are
in Kajaani, Finland, the Vancouver area of Canada and in the Shanghai area of
China. 

More information on the company can be found at www.raute.com.