27.1.2025 13:45:00 EET | Componenta Oyj | Other information disclosed according to the rules of the Exchange

Componenta Corporation, Stock Exchange Release, 27 January 2025 at 1.45 p.m. EET

The Shareholders’ Nomination Board of Componenta Corporation proposes the following to the Annual General Meeting 2025 planned to be held on 23 April 2025.

Number of members of the Board of Directors

The Shareholders’ Nomination Board proposes that the number of the members of the Board of Directors will be four (4) for the term expiring at the end of Annual General Meeting 2026.

Composition of the Board of Directors

The Shareholders’ Nomination Board proposes that Tomas Hedenborg, Anne Koutonen, Harri Suutari and Lars Wrebo shall be re-elected as members of the company’s Board of Directors. All nominees have given their consent to the position.

All persons proposed to the company's Board of Directors are independent of the company and its significant shareholders.

Information regarding the proposed members of the Board of Directors is available on the company’s website at https://www.componenta.com/en/investors/corporate-governance/board-of-directors/.

Of the current members of the Board of Directors, Petteri Walldén has informed that he is not available for re-election. 

When preparing its proposal, the Nomination Board has taken into consideration the Board of Directors’ diversity policy, including its aim to ensure continuity by nominating Board members who have long-term experience of the company’s business. In addition, the Nomination Board has taken into account the recommendation regarding the balanced representation of women and men in the Board. For these reasons the Shareholders’ Nomination Board recommends that the Board of Directors be elected as a whole.

Remuneration of the Board of Directors

The Shareholders’ Nomination Board proposes that remuneration for the members of the Board of Directors remains unchanged.

The members of the Board of Directors who will be elected to the term continuing to the Annual General Meeting 2026, shall be paid annual remuneration as follows: EUR 50,000 to the Chairman and EUR 30,000 to the members of the Board of Directors. If the Board of Directors decides to establish committees, an annual fee of EUR 5,000 will be paid to the members of Board committees.

In addition, a meeting specific fee of 1,000 euros shall be paid to a Board member who lives outside Finland and travels to Finland for a meeting.

Travel expenses of the members of the Board of Directors shall be compensated in accordance with the company’s travel policy.

Composition of the Shareholders’ Nomination Board

The Nomination Board of Componenta Corporation consists of Kyösti Kakkonen, CEO, Commercial Counsellor, representing shareholder Joensuun Kauppa ja Kone Oy, Harri Suutari, the Chairman of the Board of Directors of Componenta Corporation, authorized by the shareholder Etra Capital Oy and acting as an expert member and the Chairman of the Nomination Board, and Erkka Kohonen, Senior Portfolio Manager, representing shareholder Varma Mutual Pension Insurance Company.

The proposals of the Nomination Board will be included in the notice to the Annual General Meeting.

COMPONENTA CORPORATION

Sami Sivuranta
President and CEO

For further information, please contact:
Harri Suutari, Chairman of the Nomination Board, tel: +358 40 038 4937

Distribution:
NASDAQ Helsinki
Main media
www.componenta.com
 

Componenta Corporation is an international technology company and Finland’s leading contract manufacturer in the machine building industry. Sustainability and customer needs are at the core of the company’s broad technology portfolio. Componenta Corporation manufactures components for its customers, which are global manufacturers of machinery and equipment. The company’s stock is listed on Nasdaq Helsinki. www.componenta.com